Eagle Materials Inc. (NYSE:EXP) Shares Sold by Entropy Technologies LP

Entropy Technologies LP decreased its holdings in shares of Eagle Materials Inc. (NYSE:EXPFree Report) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,998 shares of the construction company’s stock after selling 200 shares during the period. Entropy Technologies LP’s holdings in Eagle Materials were worth $740,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millennium Management LLC lifted its holdings in Eagle Materials by 1,433.5% in the second quarter. Millennium Management LLC now owns 15,320 shares of the construction company’s stock worth $3,331,000 after purchasing an additional 14,321 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Eagle Materials in the 2nd quarter valued at approximately $523,000. CWM LLC boosted its position in shares of Eagle Materials by 11.4% in the third quarter. CWM LLC now owns 1,249 shares of the construction company’s stock worth $359,000 after buying an additional 128 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in Eagle Materials by 24.9% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,160 shares of the construction company’s stock worth $621,000 after acquiring an additional 431 shares during the period. Finally, Creative Planning grew its position in Eagle Materials by 3.7% during the third quarter. Creative Planning now owns 10,327 shares of the construction company’s stock valued at $2,971,000 after purchasing an additional 368 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Trading Down 0.4 %

EXP stock opened at $254.99 on Wednesday. Eagle Materials Inc. has a one year low of $211.44 and a one year high of $321.93. The stock has a market cap of $8.49 billion, a price-to-earnings ratio of 18.21 and a beta of 1.37. The company has a fifty day moving average price of $257.51 and a two-hundred day moving average price of $271.31. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01.

Eagle Materials (NYSE:EXPGet Free Report) last announced its earnings results on Wednesday, January 29th. The construction company reported $3.59 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. Equities analysts anticipate that Eagle Materials Inc. will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.39%. Eagle Materials’s dividend payout ratio (DPR) is currently 7.14%.

Analysts Set New Price Targets

EXP has been the topic of a number of research reports. Jefferies Financial Group downgraded Eagle Materials from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $330.00 to $310.00 in a report on Monday, December 16th. Stephens reissued an “overweight” rating and set a $310.00 price objective on shares of Eagle Materials in a research report on Thursday, January 30th. Citigroup downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating and reduced their price target for the company from $334.00 to $280.00 in a report on Monday, January 6th. Loop Capital cut Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research report on Monday, November 25th. Finally, The Goldman Sachs Group upped their target price on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Eagle Materials has an average rating of “Hold” and an average target price of $296.80.

Check Out Our Latest Research Report on Eagle Materials

Insider Activity at Eagle Materials

In other news, Director Richard Ross Stewart sold 3,577 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the transaction, the director now directly owns 1,100 shares of the company’s stock, valued at $330,330. This represents a 76.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Haack sold 11,888 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the completion of the transaction, the chief executive officer now directly owns 85,811 shares in the company, 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. 1.60% of the stock is owned by insiders.

About Eagle Materials

(Free Report)

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.

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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