Charles Schwab Investment Management Inc. Has $81.15 Million Stake in Eagle Materials Inc. (NYSE:EXP)

Charles Schwab Investment Management Inc. cut its holdings in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 328,847 shares of the construction company's stock after selling 1,842 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.99% of Eagle Materials worth $81,146,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA lifted its position in shares of Eagle Materials by 53.0% in the fourth 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 in the 4th quarter worth approximately $81,000. Smartleaf Asset Management LLC boosted its stake 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 buying an additional 56 shares during the period. GAMMA Investing LLC boosted its stake in shares of Eagle Materials by 10.6% during the 4th quarter. GAMMA Investing LLC now owns 676 shares of the construction company's stock valued at $167,000 after buying an additional 65 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in shares of Eagle Materials in the fourth quarter worth $170,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Eagle Materials

In other Eagle Materials news, Director Michael R. Nicolais acquired 310 shares of Eagle Materials stock in a transaction on Monday, February 10th. The shares were bought at an average price of $257.36 per share, with a total value of $79,781.60. Following the completion of the purchase, the director now owns 3,655 shares in the company, valued at $940,650.80. This trade represents a 9.27 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.60% of the stock is currently owned by insiders.

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Wall Street Analysts Forecast Growth

EXP has been the subject of several recent research reports. Citigroup lowered Eagle Materials from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $334.00 to $280.00 in a report on Monday, January 6th. DA Davidson reduced their target price on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their price target on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 27th. Stifel Nicolaus assumed coverage on shares of Eagle Materials in a report on Tuesday, March 4th. They set a "hold" rating and a $242.00 price target on the stock. Finally, Jefferies Financial Group cut shares of Eagle Materials from a "buy" rating to a "hold" rating and decreased their price objective 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $292.40.

Eagle Materials Stock Performance

EXP traded up $0.84 during midday trading on Wednesday, reaching $212.29. The company's stock had a trading volume of 148,490 shares, compared to its average volume of 353,420. Eagle Materials Inc. has a twelve month low of $205.44 and a twelve month high of $321.93. The stock has a market cap of $7.07 billion, a P/E ratio of 15.16 and a beta of 1.37. The company has a fifty day simple moving average of $243.03 and a 200 day simple moving average of $268.36. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66.

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 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%. Research analysts expect that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.47%. Eagle Materials's dividend payout ratio (DPR) is currently 7.14%.

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.