Eagle Materials Inc. (NYSE:EXP) Shares Purchased by 12th Street Asset Management Company LLC

12th Street Asset Management Company LLC increased its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,065 shares of the construction company's stock after buying an additional 1,511 shares during the period. Eagle Materials comprises approximately 1.7% of 12th Street Asset Management Company LLC's investment portfolio, making the stock its 22nd biggest holding. 12th Street Asset Management Company LLC owned about 0.13% of Eagle Materials worth $10,380,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Private Trust Co. NA raised its stake in Eagle Materials by 53.0% in the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock worth $51,000 after buying an additional 71 shares in the last quarter. R Squared Ltd bought a new position in Eagle Materials in the fourth quarter worth approximately $81,000. Smartleaf Asset Management LLC increased its position in shares of Eagle Materials by 10.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock worth $140,000 after purchasing an additional 56 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Eagle Materials by 10.6% during the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company's stock worth $167,000 after purchasing an additional 65 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in shares of Eagle Materials during the fourth quarter worth $170,000. Institutional investors own 96.07% of the company's stock.

Remove Ads

Insiders Place Their Bets

In other news, Director Michael R. Nicolais acquired 310 shares of the firm's stock in a transaction on Monday, February 10th. The stock was acquired at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the transaction, the director now owns 3,655 shares in the company, valued at approximately $940,650.80. The trade was a 9.27 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company's stock.

Eagle Materials Stock Performance

NYSE:EXP traded down $1.77 during mid-day trading on Tuesday, hitting $214.83. The company's stock had a trading volume of 369,955 shares, compared to its average volume of 305,460. Eagle Materials Inc. has a 1 year low of $205.44 and a 1 year high of $321.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 15.35 and a beta of 1.37. The business's fifty day moving average is $240.34 and its two-hundred day moving average is $267.09.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. Analysts anticipate that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be given a $0.25 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. Eagle Materials's dividend payout ratio (DPR) is currently 7.14%.

Analyst Upgrades and Downgrades

EXP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on Eagle Materials from $290.00 to $310.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 27th. Citigroup downgraded Eagle Materials from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $334.00 to $280.00 in a research report on Monday, January 6th. DA Davidson reduced their price target on Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Jefferies Financial Group downgraded Eagle Materials from a "buy" rating to a "hold" rating and reduced their price target for the stock from $330.00 to $310.00 in a research report on Monday, December 16th. Finally, Stifel Nicolaus initiated coverage on shares of Eagle Materials in a report on Tuesday, March 4th. They set a "hold" rating and a $242.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $292.40.

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, 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.