Townsquare Capital LLC Purchases New Position in Eagle Materials Inc. (NYSE:EXP)

Townsquare Capital LLC acquired a new position in shares of Eagle Materials Inc. (NYSE:EXP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 839 shares of the construction company’s stock, valued at approximately $241,000.

Other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Eagle Materials by 481.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,315 shares of the construction company’s stock worth $1,808,000 after acquiring an additional 6,885 shares in the last quarter. Ausbil Investment Management Ltd boosted its stake in Eagle Materials by 400.3% during the third quarter. Ausbil Investment Management Ltd now owns 12,978 shares of the construction company’s stock worth $3,733,000 after acquiring an additional 10,384 shares in the last quarter. SG Americas Securities LLC boosted its stake in Eagle Materials by 441.1% during the second quarter. SG Americas Securities LLC now owns 27,818 shares of the construction company’s stock worth $6,049,000 after acquiring an additional 22,677 shares in the last quarter. Entropy Technologies LP bought a new stake in Eagle Materials during the third quarter worth about $920,000. Finally, Cetera Investment Advisers boosted its stake in Eagle Materials by 294.1% during the first quarter. Cetera Investment Advisers now owns 7,070 shares of the construction company’s stock worth $1,921,000 after acquiring an additional 5,276 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Insider Transactions at Eagle Materials

In related news, SVP Tony Thompson sold 1,401 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total transaction of $439,914.00. Following the completion of the transaction, the senior vice president now owns 13,212 shares in the company, valued at approximately $4,148,568. This represents a 9.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George John Damiris sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the transaction, the director now owns 7,943 shares of the company’s stock, valued at approximately $2,205,135.66. This represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,866 shares of company stock valued at $5,482,931 over the last three months. Corporate insiders own 1.60% of the company’s stock.

Eagle Materials Stock Down 1.1 %

Shares of EXP stock opened at $296.70 on Friday. Eagle Materials Inc. has a 12 month low of $184.68 and a 12 month high of $321.93. The stock has a market cap of $9.95 billion, a P/E ratio of 20.95 and a beta of 1.33. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The company has a 50 day simple moving average of $297.79 and a two-hundred day simple moving average of $261.58.

Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). The business had revenue of $623.62 million for the quarter, compared to analysts’ expectations of $651.46 million. Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $4.28 earnings per share. On average, research analysts expect that Eagle Materials Inc. will post 15.24 earnings per share for the current year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be paid a $0.25 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.34%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

Wall Street Analysts Forecast Growth

EXP has been the topic of several research reports. The Goldman Sachs Group boosted their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group upped their target price on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upped their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Truist Financial upped their target price on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Loop Capital downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 target price on the stock. in a research note on Monday, November 25th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $307.11.

About Eagle Materials

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.