J2 Capital Management Inc Invests $284,000 in Eagle Materials Inc. (NYSE:EXP)

J2 Capital Management Inc bought a new stake in Eagle Materials Inc. (NYSE:EXP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,152 shares of the construction company’s stock, valued at approximately $284,000.

A number of other institutional investors have also bought and sold shares of the company. Ritholtz Wealth Management lifted its stake in Eagle Materials by 16.2% in the fourth quarter. Ritholtz Wealth Management now owns 3,407 shares of the construction company’s stock valued at $841,000 after buying an additional 476 shares during the period. Burney Co. lifted its position in shares of Eagle Materials by 53.8% during the 4th quarter. Burney Co. now owns 1,720 shares of the construction company’s stock valued at $424,000 after acquiring an additional 602 shares during the period. Covea Finance boosted its stake in Eagle Materials by 7.1% during the fourth quarter. Covea Finance now owns 12,000 shares of the construction company’s stock worth $2,961,000 after acquiring an additional 800 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Eagle Materials by 62.6% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,512 shares of the construction company’s stock worth $867,000 after purchasing an additional 1,352 shares during the period. Finally, Park Avenue Securities LLC increased its stake in Eagle Materials by 12.6% in the fourth quarter. Park Avenue Securities LLC now owns 3,821 shares of the construction company’s stock valued at $943,000 after purchasing an additional 427 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Performance

Shares of EXP stock opened at $256.82 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. The firm has a 50-day moving average of $274.37 and a 200-day moving average of $267.52. Eagle Materials Inc. has a one year low of $198.89 and a one year high of $321.93. The company 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 posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.44). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The firm had revenue of $623.62 million during the quarter, compared to analysts’ expectations of $651.46 million. During the same quarter last year, the business posted $4.28 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. Equities research analysts forecast that Eagle Materials Inc. will post 15.11 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 16th were paid a $0.25 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Eagle Materials news, CEO Michael Haack sold 11,888 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $310.50, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Tony Thompson sold 1,401 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total transaction of $439,914.00. Following the completion of the sale, the senior vice president now directly owns 13,212 shares in the company, valued at approximately $4,148,568. This trade represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,866 shares of company stock valued at $5,205,311 in the last ninety days. 1.60% of the stock is currently owned by insiders.

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.