Eagle Materials Inc. (NYSE:EXP) Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP trimmed its stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 27.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,257 shares of the construction company's stock after selling 3,792 shares during the period. Advantage Alpha Capital Partners LP's holdings in Eagle Materials were worth $2,531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Private Trust Co. NA boosted its position in Eagle Materials by 53.0% in the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock worth $51,000 after purchasing an additional 71 shares in the last quarter. R Squared Ltd purchased a new stake in Eagle Materials during the fourth quarter worth $81,000. Smartleaf Asset Management LLC grew its position in Eagle Materials by 10.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock valued at $140,000 after buying an additional 56 shares during the period. GAMMA Investing LLC increased its holdings in Eagle Materials by 10.6% in the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company's stock valued at $167,000 after buying an additional 65 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in shares of Eagle Materials in the fourth quarter worth about $170,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Materials Trading Down 2.1 %

Shares of Eagle Materials stock traded down $4.81 during mid-day trading on Friday, hitting $221.02. The stock had a trading volume of 204,365 shares, compared to its average volume of 317,918. The firm has a 50-day moving average of $236.43 and a two-hundred day moving average of $265.30. Eagle Materials Inc. has a 12-month low of $205.44 and a 12-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 firm has a market cap of $7.36 billion, a P/E ratio of 15.79 and a beta of 1.37.

Remove Ads

Eagle Materials (NYSE:EXP - Get Free Report) last released 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%. Sell-side analysts forecast that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 0.45%. Eagle Materials's dividend payout ratio (DPR) is currently 7.14%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on EXP shares. DA Davidson decreased their target price 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. JPMorgan Chase & Co. dropped their target price on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Citigroup cut Eagle Materials from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $334.00 to $280.00 in a research report on Monday, January 6th. Stifel Nicolaus initiated coverage on Eagle Materials in a report on Tuesday, March 4th. They issued a "hold" rating and a $242.00 price objective on the stock. Finally, Jefferies Financial Group lowered shares of Eagle Materials from a "buy" rating to a "hold" rating and dropped their target price for the stock from $330.00 to $310.00 in a report on Monday, December 16th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $286.40.

Insider Buying and Selling at Eagle Materials

In related news, Director Michael R. Nicolais bought 310 shares of the company's stock in a transaction that occurred 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 acquisition, the director now owns 3,655 shares of the company's stock, valued at approximately $940,650.80. This trade represents a 9.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

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.