Distillate Capital Partners LLC Takes $14.96 Million Position in Eagle Materials Inc. (NYSE:EXP)

Distillate Capital Partners LLC bought a new stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 60,640 shares of the construction company's stock, valued at approximately $14,964,000. Distillate Capital Partners LLC owned 0.18% of Eagle Materials at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Barclays PLC boosted its holdings in Eagle Materials by 78.1% during the 3rd quarter. Barclays PLC now owns 37,948 shares of the construction company's stock valued at $10,915,000 after acquiring an additional 16,645 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Eagle Materials during the fourth quarter worth $8,890,000. Empowered Funds LLC boosted its stake in shares of Eagle Materials by 242.4% during the fourth quarter. Empowered Funds LLC now owns 7,789 shares of the construction company's stock valued at $1,922,000 after purchasing an additional 5,514 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Eagle Materials by 60.3% during the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company's stock valued at $499,111,000 after purchasing an additional 652,836 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Eagle Materials in the 4th quarter valued at about $38,115,000. Institutional investors own 96.07% of the company's stock.

Eagle Materials Stock Performance

Shares of Eagle Materials stock traded down $3.23 during midday trading on Tuesday, hitting $223.72. The company had a trading volume of 256,395 shares, compared to its average volume of 331,089. The company has a fifty day simple moving average of $226.21 and a 200 day simple moving average of $259.79. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 15.98 and a beta of 1.25. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. Eagle Materials Inc. has a 12-month low of $201.61 and a 12-month high of $321.93.

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Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, analysts predict that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 17th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. Eagle Materials's dividend payout ratio is currently 7.14%.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, Director Michael R. Nicolais acquired 310 shares of the firm's stock in a transaction on Monday, February 10th. The stock was acquired at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the purchase, the director now owns 3,655 shares in the company, valued at approximately $940,650.80. The trade was a 9.27 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EXP shares. DA Davidson decreased their price target 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. Stephens reaffirmed an "overweight" rating and issued a $310.00 price target on shares of Eagle Materials in a research report on Thursday, January 30th. Citigroup lowered shares of Eagle Materials from a "buy" rating to a "neutral" rating and cut their price objective for the company from $334.00 to $280.00 in a report on Monday, January 6th. Loop Capital lowered their target price on Eagle Materials from $280.00 to $245.00 and set a "hold" rating for the company in a report on Tuesday, April 1st. Finally, Jefferies Financial Group downgraded Eagle Materials from a "buy" rating to a "hold" rating and cut their price target for the company from $330.00 to $310.00 in a report on Monday, December 16th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $279.40.

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.