Advisors Asset Management Inc. Sells 1,732 Shares of Eagle Materials Inc. (NYSE:EXP)

Advisors Asset Management Inc. lowered its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,983 shares of the construction company's stock after selling 1,732 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.10% of Eagle Materials worth $8,386,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc grew its holdings in shares of Eagle Materials by 3.7% during the third quarter. CIBC Asset Management Inc now owns 1,032 shares of the construction company's stock worth $297,000 after purchasing an additional 37 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in Eagle Materials by 1.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,981 shares of the construction company's stock worth $858,000 after acquiring an additional 41 shares during the last quarter. Sprott Inc. increased its position in Eagle Materials by 3.0% in the 4th quarter. Sprott Inc. now owns 1,695 shares of the construction company's stock valued at $418,000 after acquiring an additional 50 shares during the period. Smartleaf Asset Management LLC raised its stake 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 valued at $140,000 after acquiring an additional 56 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in shares of Eagle Materials by 1.5% during the third quarter. National Bank of Canada FI now owns 3,872 shares of the construction company's stock worth $1,114,000 after purchasing an additional 57 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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Eagle Materials Stock Up 0.3 %

Shares of NYSE:EXP traded up $0.57 during trading on Friday, reaching $217.86. 640,693 shares of the stock were exchanged, compared to its average volume of 307,572. The stock has a fifty day moving average of $238.68 and a two-hundred day moving average of $265.98. 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 firm has a market cap of $7.25 billion, a price-to-earnings ratio of 15.56 and a beta of 1.37.

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

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. Eagle Materials's dividend payout ratio (DPR) is currently 7.14%.

Insiders Place Their Bets

In other news, Director Michael R. Nicolais acquired 310 shares of the business's stock in a transaction on Monday, February 10th. The shares were purchased at an average cost of $257.36 per share, with a total value of $79,781.60. Following the acquisition, the director now directly owns 3,655 shares of the company's stock, valued at $940,650.80. The trade was a 9.27 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on EXP shares. Stephens reiterated an "overweight" rating and issued a $310.00 price target on shares of Eagle Materials in a research report on Thursday, January 30th. DA Davidson reduced their target price on Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Citigroup lowered shares of Eagle Materials from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $334.00 to $280.00 in a report on Monday, January 6th. Jefferies Financial Group lowered shares of Eagle Materials from a "buy" rating to a "hold" rating and reduced their price objective for the company from $330.00 to $310.00 in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. lowered their target price 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. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Eagle Materials currently has an average rating of "Hold" and an average target price of $286.40.

About Eagle Materials

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.