Transce3nd LLC Makes New Investment in Eagle Materials Inc. (NYSE:EXP)

Transce3nd LLC bought a new stake in Eagle Materials Inc. (NYSE:EXP) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 503 shares of the construction company’s stock, valued at approximately $125,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in Eagle Materials by 3.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,801,532 shares of the construction company’s stock valued at $444,546,000 after buying an additional 66,399 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Eagle Materials by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 722,995 shares of the construction company’s stock valued at $178,450,000 after acquiring an additional 15,388 shares in the last quarter. Baupost Group LLC MA boosted its stake in shares of Eagle Materials by 27.6% in the fourth quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company’s stock worth $157,488,000 after acquiring an additional 137,950 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Eagle Materials by 10.3% during the fourth quarter. Federated Hermes Inc. now owns 594,899 shares of the construction company’s stock worth $146,797,000 after purchasing an additional 55,578 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its stake in Eagle Materials by 2.4% in the 4th quarter. Epoch Investment Partners Inc. now owns 592,069 shares of the construction company’s stock valued at $146,099,000 after purchasing an additional 13,988 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Activity

In related news, Director Michael R. Nicolais bought 310 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the acquisition, the director now owns 3,655 shares of the company’s stock, valued at approximately $940,650.80. This trade represents a 9.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.60% of the company’s stock.

Eagle Materials Trading Up 0.1 %

Shares of Eagle Materials stock opened at $216.78 on Monday. The stock has a 50 day moving average of $223.87 and a 200 day moving average of $258.19. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. The firm has a market capitalization of $7.22 billion, a price-to-earnings ratio of 15.48 and a beta of 1.25. Eagle Materials Inc. has a fifty-two week low of $201.61 and a fifty-two week high of $321.93.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. As a group, research analysts predict that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date was Monday, March 17th. Eagle Materials’s dividend payout ratio is presently 7.14%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EXP. JPMorgan Chase & Co. dropped their target price on shares of Eagle Materials from $310.00 to $250.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Citigroup downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating and cut their price objective for the company from $334.00 to $280.00 in a report on Monday, January 6th. Stephens restated an “overweight” rating and set a $310.00 target price on shares of Eagle Materials in a report on Thursday, January 30th. Loop Capital dropped their price target on Eagle Materials from $280.00 to $245.00 and set a “hold” rating for the company in a research report on Tuesday, April 1st. Finally, Stifel Nicolaus assumed coverage on Eagle Materials in a research report on Tuesday, March 4th. They set a “hold” rating and a $242.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $279.40.

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.