Burney Co. Has $424,000 Holdings in Eagle Materials Inc. (NYSE:EXP)

Burney Co. increased its position in shares of Eagle Materials Inc. (NYSE:EXP) by 53.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,720 shares of the construction company’s stock after buying an additional 602 shares during the period. Burney Co.’s holdings in Eagle Materials were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXP. FMR LLC increased its stake in shares of Eagle Materials by 30.1% during the 3rd quarter. FMR LLC now owns 3,801,257 shares of the construction company’s stock worth $1,093,432,000 after purchasing an additional 878,400 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Eagle Materials by 60.3% during the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company’s stock worth $499,111,000 after purchasing an additional 652,836 shares during the period. Epoch Investment Partners Inc. increased its position in Eagle Materials by 25.2% during the second quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company’s stock worth $175,111,000 after buying an additional 162,049 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Eagle Materials by 3.5% in the third quarter. Geode Capital Management LLC now owns 707,607 shares of the construction company’s stock valued at $203,585,000 after buying an additional 23,911 shares during the last quarter. Finally, Baupost Group LLC MA lifted its position in shares of Eagle Materials by 46.2% in the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock valued at $143,904,000 after buying an additional 158,171 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EXP shares. Truist Financial raised their price target on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 4th. Jefferies Financial Group cut shares of Eagle Materials from a “buy” rating to a “hold” rating and cut their target price for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. boosted their price objective on Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Citigroup lowered Eagle Materials from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $334.00 to $280.00 in a research note on Monday, January 6th. Finally, The Goldman Sachs Group boosted their price target on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $301.44.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, Director Richard Ross Stewart sold 3,577 shares of Eagle Materials stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total value of $1,074,173.10. Following the transaction, the director now owns 1,100 shares in the company, valued at $330,330. The trade was a 76.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael Haack sold 11,888 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $310.50, for a total value of $3,691,224.00. Following the transaction, the chief executive officer now directly owns 85,811 shares of the company’s stock, valued at approximately $26,644,315.50. The trade was a 12.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,866 shares of company stock worth $5,205,311 over the last three months. Corporate insiders own 1.60% of the company’s stock.

Eagle Materials Stock Performance

NYSE:EXP opened at $256.82 on Friday. The company has a market cap of $8.61 billion, a price-to-earnings ratio of 18.14 and a beta of 1.37. Eagle Materials Inc. has a fifty-two week low of $198.89 and a fifty-two week high of $321.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34. The stock has a fifty day moving average price of $274.37 and a 200-day moving average price of $267.15.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.44). Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The firm had revenue of $623.62 million for the quarter, compared to the consensus estimate of $651.46 million. During the same period in the prior year, the company earned $4.28 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities analysts anticipate that Eagle Materials Inc. will post 15.11 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 16th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. Eagle Materials’s dividend payout ratio (DPR) is 7.06%.

Eagle Materials Company Profile

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.