Empowered Funds LLC Has $1.92 Million Stock Holdings in Eagle Materials Inc. (NYSE:EXP)

Empowered Funds LLC lifted its holdings in Eagle Materials Inc. (NYSE:EXP) by 242.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,789 shares of the construction company’s stock after purchasing an additional 5,514 shares during the quarter. Empowered Funds LLC’s holdings in Eagle Materials were worth $1,922,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC lifted its stake in Eagle Materials by 11.4% in the 3rd quarter. CWM LLC now owns 1,249 shares of the construction company’s stock valued at $359,000 after acquiring an additional 128 shares in the last quarter. Creative Planning lifted its stake in Eagle Materials by 3.7% in the 3rd quarter. Creative Planning now owns 10,327 shares of the construction company’s stock valued at $2,971,000 after acquiring an additional 368 shares in the last quarter. nVerses Capital LLC bought a new stake in Eagle Materials in the 3rd quarter valued at approximately $316,000. Blue Trust Inc. lifted its stake in Eagle Materials by 26.3% in the 3rd quarter. Blue Trust Inc. now owns 859 shares of the construction company’s stock valued at $247,000 after acquiring an additional 179 shares in the last quarter. Finally, Whittier Trust Co. grew its holdings in Eagle Materials by 4.7% in the 3rd quarter. Whittier Trust Co. now owns 69,337 shares of the construction company’s stock valued at $19,944,000 after buying an additional 3,101 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Price Performance

Shares of EXP stock opened at $252.47 on Friday. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. Eagle Materials Inc. has a twelve month low of $211.44 and a twelve month high of $321.93. The company has a market cap of $8.40 billion, a P/E ratio of 18.03 and a beta of 1.37. The business has a fifty day simple moving average of $254.52 and a 200 day simple moving average of $271.06.

Eagle Materials (NYSE:EXP) last posted 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 net margin of 20.91% and a return on equity of 34.14%. On average, sell-side analysts forecast that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 17th will be given a dividend of $0.25 per share. 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 0.40%. Eagle Materials’s dividend payout ratio (DPR) is 7.14%.

Insider Transactions at Eagle Materials

In related news, Director Richard Ross Stewart sold 3,577 shares of the firm’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 completion of the sale, the director now owns 1,100 shares of the company’s stock, valued at $330,330. This trade represents a 76.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Haack sold 11,888 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 85,811 shares of the company’s stock, valued at $26,644,315.50. This represents a 12.17 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have commented on EXP shares. Truist Financial upped their price objective on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 4th. The Goldman Sachs Group upped their price objective on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Stephens reissued an “overweight” rating and set a $310.00 target price on shares of Eagle Materials in a report on Thursday, January 30th. JPMorgan Chase & Co. increased their target price on Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Finally, DA Davidson reduced their target price on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $296.80.

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.