Louisiana State Employees Retirement System Makes New Investment in Eagle Materials Inc. (NYSE:EXP)

Louisiana State Employees Retirement System bought a new position in shares of Eagle Materials Inc. (NYSE:EXP) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 9,800 shares of the construction company’s stock, valued at approximately $1,988,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Eagle Materials by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 3,841,414 shares of the construction company’s stock worth $411,723,000 after acquiring an additional 110,695 shares in the last quarter. FMR LLC grew its stake in shares of Eagle Materials by 41.0% during the 3rd quarter. FMR LLC now owns 2,510,906 shares of the construction company’s stock worth $418,116,000 after acquiring an additional 730,454 shares in the last quarter. Invesco Ltd. grew its stake in shares of Eagle Materials by 22.8% during the 3rd quarter. Invesco Ltd. now owns 1,097,542 shares of the construction company’s stock worth $182,763,000 after acquiring an additional 203,862 shares in the last quarter. State Street Corp grew its stake in shares of Eagle Materials by 0.3% during the 1st quarter. State Street Corp now owns 1,056,912 shares of the construction company’s stock worth $135,929,000 after acquiring an additional 3,684 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Eagle Materials by 5.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,053,983 shares of the construction company’s stock worth $140,022,000 after acquiring an additional 58,727 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Trading Down 1.7 %

EXP stock opened at $244.62 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.61 and a quick ratio of 1.13. The company has a fifty day moving average price of $255.16 and a two-hundred day moving average price of $210.86. Eagle Materials Inc. has a one year low of $143.23 and a one year high of $272.72. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of 17.26 and a beta of 1.34.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Thursday, January 25th. The construction company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.56 by $0.16. Eagle Materials had a net margin of 22.24% and a return on equity of 40.05%. The firm had revenue of $558.83 million during the quarter, compared to analysts’ expectations of $537.23 million. Equities analysts anticipate that Eagle Materials Inc. will post 14.29 EPS for the current year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. Eagle Materials’s dividend payout ratio (DPR) is 7.06%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. StockNews.com cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Truist Financial raised their price target on shares of Eagle Materials from $290.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Citigroup raised their target price on shares of Eagle Materials from $244.00 to $311.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Raymond James raised their target price on shares of Eagle Materials from $170.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Finally, Loop Capital raised shares of Eagle Materials from a “hold” rating to a “buy” rating and raised their target price for the company from $170.00 to $240.00 in a research note on Monday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $257.00.

Insider Transactions at Eagle Materials

In other news, EVP Matt Newby sold 2,940 shares of Eagle Materials stock in a transaction on Monday, February 26th. The stock was sold at an average price of $251.15, for a total transaction of $738,381.00. Following the completion of the sale, the executive vice president now owns 21,819 shares of the company’s stock, valued at $5,479,841.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Matt Newby sold 2,940 shares of Eagle Materials stock in a transaction on Monday, February 26th. The stock was sold at an average price of $251.15, for a total transaction of $738,381.00. Following the completion of the sale, the executive vice president now owns 21,819 shares of the company’s stock, valued at $5,479,841.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $215.60, for a total value of $1,078,000.00. Following the completion of the transaction, the chief financial officer now directly owns 62,610 shares of the company’s stock, valued at approximately $13,498,716. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,444 shares of company stock valued at $4,414,889. 1.70% of the stock is currently owned by corporate insiders.

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; 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.