Blueshift Asset Management LLC Takes $473,000 Position in Eagle Materials Inc. (NYSE:EXP)

Blueshift Asset Management LLC acquired a new stake in Eagle Materials Inc. (NYSE:EXP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,916 shares of the construction company's stock, valued at approximately $473,000.

A number of other large investors have also recently bought and sold shares of the business. Private Trust Co. NA lifted its position in shares of 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 during the last quarter. R Squared Ltd bought a new position in shares of Eagle Materials in the 4th quarter valued at approximately $81,000. Smartleaf Asset Management LLC lifted its holdings in Eagle Materials by 10.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock worth $140,000 after purchasing an additional 56 shares during the last quarter. GAMMA Investing LLC boosted its position in 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 during the period. Finally, Venturi Wealth Management LLC acquired a new position in Eagle Materials during the fourth quarter valued at approximately $170,000. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Stock Performance

Eagle Materials stock traded up $0.60 during trading hours on Tuesday, hitting $228.48. The stock had a trading volume of 402,291 shares, compared to its average volume of 307,915. Eagle Materials Inc. has a fifty-two week low of $205.44 and a fifty-two week high of $321.93. The company has a market cap of $7.61 billion, a PE ratio of 16.32 and a beta of 1.37. The company has a 50-day moving average of $238.45 and a two-hundred day moving average of $266.08. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66.

Remove Ads

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

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. Eagle Materials's dividend payout ratio (DPR) is currently 7.14%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EXP. JPMorgan Chase & Co. reduced their price objective on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Loop Capital cut shares of Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price target for the company. in a report on Monday, November 25th. DA Davidson lowered 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 cut Eagle Materials from a "buy" rating to a "hold" rating and cut their price objective for the stock from $330.00 to $310.00 in a research report on Monday, December 16th. Finally, Stephens reaffirmed an "overweight" rating and issued a $310.00 target price on shares of Eagle Materials in a report on Thursday, January 30th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $286.40.

Insider Activity

In other Eagle Materials news, Director Michael R. Nicolais purchased 310 shares of the business's stock in a transaction on Monday, February 10th. The stock was purchased at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the purchase, the director now directly owns 3,655 shares in the company, valued at approximately $940,650.80. This trade represents a 9.27 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by company 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.