AXQ Capital LP Buys Shares of 1,278 Eagle Materials Inc. (NYSE:EXP)

AXQ Capital LP acquired a new stake in Eagle Materials Inc. (NYSE:EXP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,278 shares of the construction company's stock, valued at approximately $315,000.

Other institutional investors have also modified their holdings of the company. Private Trust Co. NA increased 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 valued at $51,000 after purchasing an additional 71 shares during the last quarter. R Squared Ltd acquired a new position in shares of Eagle Materials in the 4th quarter valued at $81,000. Smartleaf Asset Management LLC grew its position in shares of Eagle Materials by 10.9% in the 4th 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 last quarter. GAMMA Investing LLC raised its stake in Eagle Materials by 10.6% during the 4th quarter. GAMMA Investing LLC now owns 676 shares of the construction company's stock worth $167,000 after acquiring an additional 65 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in Eagle Materials in the fourth quarter valued at $170,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Price Performance

Eagle Materials stock traded up $0.15 during midday trading on Tuesday, reaching $228.03. The company's stock had a trading volume of 202,943 shares, compared to its average volume of 307,915. The firm has a market capitalization of $7.59 billion, a PE ratio of 16.29 and a beta of 1.37. Eagle Materials Inc. has a fifty-two week low of $205.44 and a fifty-two week high of $321.93. The stock's 50 day simple moving average is $238.45 and its 200 day simple moving average is $266.08. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76.

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Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings data 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%. On average, equities research analysts forecast that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The company also recently declared 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Monday, March 17th. Eagle Materials's dividend payout ratio is currently 7.14%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JPMorgan Chase & Co. cut their target price on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. DA Davidson cut 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. Stifel Nicolaus assumed coverage on Eagle Materials in a report on Tuesday, March 4th. They issued a "hold" rating and a $242.00 price objective for the company. Citigroup cut shares of Eagle Materials from a "buy" rating to a "neutral" rating and cut their target price for the company from $334.00 to $280.00 in a report on Monday, January 6th. Finally, Stephens reiterated an "overweight" rating and set a $310.00 price target on shares of Eagle Materials in a research note on Thursday, January 30th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Eagle Materials currently has a consensus rating of "Hold" and an average target price of $286.40.

Insider Activity at Eagle Materials

In other news, Director Michael R. Nicolais purchased 310 shares of the company's stock in a transaction dated 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 directly owns 3,655 shares in the company, valued at $940,650.80. This represents a 9.27 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by company 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.