GSA Capital Partners LLP Invests $746,000 in Eagle Materials Inc. (NYSE:EXP)

GSA Capital Partners LLP purchased a new stake in shares of Eagle Materials Inc. (NYSE:EXP) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,592 shares of the construction company’s stock, valued at approximately $746,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. increased its position in shares of Eagle Materials by 132.7% during the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock worth $31,000 after acquiring an additional 65 shares during the period. Acadian Asset Management LLC bought a new position in Eagle Materials in the first quarter worth approximately $42,000. EntryPoint Capital LLC increased its holdings in Eagle Materials by 1,760.0% during the 1st quarter. EntryPoint Capital LLC now owns 186 shares of the construction company’s stock worth $51,000 after purchasing an additional 176 shares during the period. McClarren Financial Advisors Inc. raised its position in 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 purchasing an additional 215 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Eagle Materials in the 3rd quarter worth $64,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Eagle Materials

In other news, SVP Tony Thompson sold 1,401 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total value of $439,914.00. Following the transaction, the senior vice president now directly owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. This represents a 9.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George John Damiris sold 1,000 shares of Eagle Materials stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the sale, the director now directly owns 7,943 shares of the company’s stock, valued at $2,205,135.66. This trade represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Eagle Materials Price Performance

NYSE EXP opened at $301.28 on Monday. The firm’s fifty day simple moving average is $288.92 and its two-hundred day simple moving average is $257.26. The firm has a market capitalization of $10.10 billion, a P/E ratio of 21.28 and a beta of 1.32. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. Eagle Materials Inc. has a 12-month low of $172.20 and a 12-month high of $317.00.

Eagle Materials (NYSE:EXP) last announced its earnings results 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). Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The business had revenue of $623.62 million for the quarter, compared to analysts’ expectations of $651.46 million. During the same quarter last year, the firm earned $4.28 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. Analysts forecast that Eagle Materials Inc. will post 15.24 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.33%. Eagle Materials’s dividend payout ratio (DPR) is currently 7.06%.

Analysts Set New Price Targets

Several brokerages have recently commented on EXP. The Goldman Sachs Group raised their price target on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial boosted their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 4th. Citigroup increased their price objective on shares of Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Stephens boosted their price objective on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, JPMorgan Chase & Co. increased their target price on Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a research 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’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $303.78.

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.