Chesapeake Capital Corp IL Raises Holdings in Eagle Materials Inc. (NYSE:EXP)

Chesapeake Capital Corp IL grew its position in shares of Eagle Materials Inc. (NYSE:EXP) by 28.1% during the third quarter, Holdings Channel reports. The institutional investor owned 2,478 shares of the construction company’s stock after purchasing an additional 544 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Eagle Materials were worth $709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. lifted its position in shares of Eagle Materials by 132.7% during the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after buying an additional 65 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Eagle Materials during the 1st quarter valued at $42,000. McClarren Financial Advisors Inc. lifted its position in shares of Eagle Materials by 10,750.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock valued at $47,000 after buying an additional 215 shares during the last quarter. EntryPoint Capital LLC lifted its position in shares of Eagle Materials by 1,760.0% during the 1st quarter. EntryPoint Capital LLC now owns 186 shares of the construction company’s stock valued at $51,000 after buying an additional 176 shares during the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Eagle Materials during the 3rd quarter valued at $64,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

EXP has been the topic of a number of recent research reports. Stephens upped their price target on Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Truist Financial increased their price objective on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Jefferies Financial Group increased their price objective on Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Citigroup increased their price objective on Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. increased their price objective on Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Eagle Materials presently has an average rating of “Moderate Buy” and a consensus target price of $303.78.

Eagle Materials Stock Performance

NYSE:EXP opened at $301.28 on Friday. The stock has a market cap of $10.10 billion, a P/E ratio of 21.28 and a beta of 1.32. Eagle Materials Inc. has a twelve month low of $172.20 and a twelve month high of $317.00. The business’s 50-day moving average price is $288.92 and its two-hundred day moving average price is $257.22. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). The business had revenue of $623.62 million during the quarter, compared to the consensus estimate of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. Eagle Materials’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.28 earnings per share. As a group, equities analysts predict that Eagle Materials Inc. will post 15.24 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be given a $0.25 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.33%. Eagle Materials’s dividend payout ratio is currently 7.06%.

Insider Transactions at Eagle Materials

In other news, SVP Tony Thompson sold 1,401 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total value of $439,914.00. Following the completion of the transaction, the senior vice president now owns 13,212 shares in the company, valued at $4,148,568. This trade represents a 9.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director George John Damiris sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total value of $277,620.00. Following the completion of the transaction, the director now owns 7,943 shares of the company’s stock, valued at approximately $2,205,135.66. The trade was a 11.18 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

About Eagle Materials

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.