Park Avenue Securities LLC Has $943,000 Stake in Eagle Materials Inc. (NYSE:EXP)

Park Avenue Securities LLC boosted its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 12.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,821 shares of the construction company’s stock after buying an additional 427 shares during the quarter. Park Avenue Securities LLC’s holdings in Eagle Materials were worth $943,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its stake in shares of Eagle Materials by 11.4% in the second quarter. Envestnet Asset Management Inc. now owns 105,768 shares of the construction company’s stock worth $23,000,000 after acquiring an additional 10,835 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Eagle Materials by 13.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,969 shares of the construction company’s stock worth $863,000 after purchasing an additional 470 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Eagle Materials by 22.3% in the 2nd quarter. Inspire Investing LLC now owns 1,615 shares of the construction company’s stock worth $351,000 after purchasing an additional 294 shares during the period. Intech Investment Management LLC bought a new stake in shares of Eagle Materials in the 2nd quarter valued at $673,000. Finally, Sei Investments Co. increased its position in shares of Eagle Materials by 37.0% during the second quarter. Sei Investments Co. now owns 86,100 shares of the construction company’s stock worth $18,722,000 after buying an additional 23,261 shares during the period. Institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, CEO Michael Haack sold 11,888 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the transaction, the chief executive officer now directly owns 85,811 shares in the company, valued at approximately $26,644,315.50. This trade represents a 12.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard Ross Stewart sold 3,577 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 1,100 shares of the company’s stock, valued at approximately $330,330. The trade was a 76.48 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,866 shares of company stock worth $5,205,311. Insiders own 1.60% of the company’s stock.

Eagle Materials Price Performance

Shares of EXP opened at $256.82 on Tuesday. The business’s fifty day moving average is $273.24 and its 200 day moving average is $268.15. Eagle Materials Inc. has a 12-month low of $198.89 and a 12-month high of $321.93. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. The stock has a market cap of $8.61 billion, a P/E ratio of 18.14 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last released 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). The business had revenue of $623.62 million for the quarter, compared to analyst estimates of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.28 EPS. Sell-side analysts anticipate that Eagle Materials Inc. will post 15.11 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

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

Analyst Ratings Changes

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

Eagle Materials 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.