Baldwin Investment Management LLC Has $800,000 Stake in Eagle Materials Inc. (NYSE:EXP)

Baldwin Investment Management LLC boosted its position in shares of Eagle Materials Inc. (NYSE:EXP) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,780 shares of the construction company’s stock after acquiring an additional 150 shares during the quarter. Baldwin Investment Management LLC’s holdings in Eagle Materials were worth $800,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EXP. Advantage Alpha Capital Partners LP acquired a new position in shares of Eagle Materials during the 3rd quarter worth about $4,041,000. FMR LLC grew its holdings in Eagle Materials by 30.1% during the third quarter. FMR LLC now owns 3,801,257 shares of the construction company’s stock worth $1,093,432,000 after purchasing an additional 878,400 shares during the period. Hancock Whitney Corp increased its position in Eagle Materials by 12.5% during the third quarter. Hancock Whitney Corp now owns 2,156 shares of the construction company’s stock worth $620,000 after buying an additional 240 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in Eagle Materials by 0.3% in the third quarter. Loomis Sayles & Co. L P now owns 81,969 shares of the construction company’s stock valued at $23,579,000 after buying an additional 279 shares during the period. Finally, Harvest Fund Management Co. Ltd lifted its position in shares of Eagle Materials by 789.9% in the third quarter. Harvest Fund Management Co. Ltd now owns 703 shares of the construction company’s stock valued at $202,000 after buying an additional 624 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Performance

EXP opened at $309.96 on Wednesday. The firm has a market cap of $10.40 billion, a P/E ratio of 21.89 and a beta of 1.32. The business’s fifty day moving average is $294.49 and its 200-day moving average is $259.03. Eagle Materials Inc. has a 52-week low of $177.67 and a 52-week high of $321.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34.

Eagle Materials (NYSE:EXP) last issued its earnings results 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 analyst estimates of $651.46 million. During the same quarter in the previous year, the firm posted $4.28 earnings per share. Eagle Materials’s quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts expect that Eagle Materials Inc. will post 15.24 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 16th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Monday, December 16th. Eagle Materials’s dividend payout ratio is presently 7.06%.

Insider Activity

In other news, CEO Michael Haack sold 11,888 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was 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 in the company, valued at approximately $26,644,315.50. The trade was a 12.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction 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. This trade represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,866 shares of company stock worth $5,482,931. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

EXP has been the topic of a number of recent analyst reports. Truist Financial boosted their target price on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, November 4th. The Goldman Sachs Group upped their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Stephens raised their target price 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. Citigroup upped their price target 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. Finally, Jefferies Financial Group raised their price objective on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Eagle Materials has a consensus rating of “Moderate Buy” and a consensus price target of $304.89.

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.