Eagle Materials Inc. (NYSE:EXP) Stake Lowered by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP trimmed its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 27.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,257 shares of the construction company's stock after selling 3,792 shares during the quarter. Advantage Alpha Capital Partners LP's holdings in Eagle Materials were worth $2,531,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC grew its stake in shares of Eagle Materials by 30.1% during the 3rd quarter. FMR LLC now owns 3,801,257 shares of the construction company's stock valued at $1,093,432,000 after buying an additional 878,400 shares during the period. JPMorgan Chase & Co. grew its position in Eagle Materials by 60.3% during the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company's stock valued at $499,111,000 after acquiring an additional 652,836 shares during the period. Geode Capital Management LLC increased its stake in Eagle Materials by 3.5% during the third quarter. Geode Capital Management LLC now owns 707,607 shares of the construction company's stock worth $203,585,000 after acquiring an additional 23,911 shares during the last quarter. Baupost Group LLC MA grew its holdings in shares of Eagle Materials by 46.2% during the 3rd quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company's stock worth $143,904,000 after purchasing an additional 158,171 shares during the period. Finally, Captrust Financial Advisors increased its position in Eagle Materials by 2.7% during the 3rd quarter. Captrust Financial Advisors now owns 349,756 shares of the construction company's stock worth $100,607,000 after purchasing an additional 9,216 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Remove Ads

Eagle Materials Stock Up 0.3 %

Shares of EXP traded up $0.60 during trading on Tuesday, reaching $228.48. The company's stock had a trading volume of 402,291 shares, compared to its average volume of 308,093. Eagle Materials Inc. has a twelve month low of $205.44 and a twelve month high of $321.93. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 16.32 and a beta of 1.37. The company has a fifty day moving average of $238.17 and a two-hundred day moving average of $265.99.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings data 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, sell-side analysts predict that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Monday, March 17th. Eagle Materials's dividend payout ratio is presently 7.14%.

Insider Transactions at Eagle Materials

In other news, Director Michael R. Nicolais acquired 310 shares of Eagle Materials stock in a transaction that occurred on Monday, February 10th. The shares were purchased at an average cost 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 of the company's stock, valued at $940,650.80. This trade represents a 9.27 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EXP. DA Davidson reduced their price target on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. 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 research report on Monday, November 25th. Stephens reissued an "overweight" rating and issued a $310.00 price objective on shares of Eagle Materials in a research report on Thursday, January 30th. JPMorgan Chase & Co. decreased their target price on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus assumed coverage on Eagle Materials in a research report on Tuesday, March 4th. They set a "hold" rating and a $242.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Eagle Materials presently has an average rating of "Hold" and an average target price of $286.40.

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.