Blair William & Co. IL Sells 2,410 Shares of Eagle Materials Inc. (NYSE:EXP)

Blair William & Co. IL decreased its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 25.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,882 shares of the construction company's stock after selling 2,410 shares during the period. Blair William & Co. IL's holdings in Eagle Materials were worth $1,698,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Private Trust Co. NA lifted its stake in Eagle Materials by 53.0% in the 4th 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 bought a new position in shares of Eagle Materials in the 4th quarter valued at $81,000. Smartleaf Asset Management LLC boosted its holdings in shares of Eagle Materials by 10.9% during the 4th 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 in the last quarter. GAMMA Investing LLC grew its position 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 during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in Eagle Materials in the 4th quarter worth about $170,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Eagle Materials Trading Down 4.9 %

Shares of Eagle Materials stock traded down $11.11 on Friday, hitting $217.54. 914,317 shares of the company's stock traded hands, compared to its average volume of 325,142. The company has a fifty day moving average of $233.13 and a two-hundred day moving average of $263.75. Eagle Materials Inc. has a one year low of $205.44 and a one year high of $321.93. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 15.54 and a beta of 1.25. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01.

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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 return on equity of 34.14% and a net margin of 20.91%. As a group, sell-side analysts expect 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. 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 dividend on an annualized basis and a dividend yield of 0.46%. Eagle Materials's dividend payout ratio (DPR) is presently 7.14%.

Insider Activity

In other news, Director Michael R. Nicolais bought 310 shares of the stock in a transaction dated Monday, February 10th. The shares were bought at an average cost of $257.36 per share, with a total value of $79,781.60. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EXP. Loop Capital reduced their price target on Eagle Materials from $280.00 to $245.00 and set a "hold" rating on the stock in a report on Tuesday, April 1st. JPMorgan Chase & Co. reduced their target price on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Jefferies Financial Group downgraded shares of Eagle Materials from a "buy" rating to a "hold" rating and dropped their price target for the company from $330.00 to $310.00 in a research note on Monday, December 16th. Stephens reissued an "overweight" rating and issued a $310.00 price objective on shares of Eagle Materials in a research note on Thursday, January 30th. Finally, Stifel Nicolaus started coverage on Eagle Materials in a research report on Tuesday, March 4th. They set a "hold" rating and a $242.00 target price for the company. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $279.40.

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.