2,714 Shares in Eagle Materials Inc. (NYSE:EXP) Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,714 shares of the construction company's stock, valued at approximately $670,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Eagle Materials by 78.1% during the 3rd quarter. Barclays PLC now owns 37,948 shares of the construction company's stock worth $10,915,000 after buying an additional 16,645 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Eagle Materials during the fourth quarter worth $8,890,000. Empowered Funds LLC boosted its position in Eagle Materials by 242.4% in the fourth quarter. Empowered Funds LLC now owns 7,789 shares of the construction company's stock worth $1,922,000 after purchasing an additional 5,514 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Eagle Materials by 60.3% in the 3rd 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. bought a new position in Eagle Materials in the 4th quarter valued at $38,115,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Eagle Materials

In other news, Director Michael R. Nicolais bought 310 shares of the business's stock in a transaction on Monday, February 10th. The stock was acquired 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 directly owns 3,655 shares in the company, valued at $940,650.80. This represents a 9.27 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by insiders.

Remove Ads

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Citigroup lowered shares of Eagle Materials from a "buy" rating to a "neutral" rating and reduced their price target for the company from $334.00 to $280.00 in a research report on Monday, January 6th. DA Davidson lowered their price target on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Jefferies Financial Group downgraded Eagle Materials from a "buy" rating to a "hold" rating and decreased their target price for the stock from $330.00 to $310.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. dropped their price target 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. Finally, Stifel Nicolaus started coverage on Eagle Materials in a research note on Tuesday, March 4th. They issued a "hold" rating and a $242.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $279.40.

Eagle Materials Price Performance

Shares of EXP traded up $6.74 during mid-day trading on Friday, reaching $223.27. 329,977 shares of the stock traded hands, compared to its average volume of 331,360. Eagle Materials Inc. has a 1 year low of $201.61 and a 1 year high of $321.93. The firm has a fifty day moving average price of $227.50 and a 200 day moving average price of $260.46. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 15.95 and a beta of 1.25.

Eagle Materials (NYSE:EXP - Get Free Report) last issued 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 net margin of 20.91% and a return on equity of 34.14%. As a group, equities research analysts predict 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 issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials's dividend payout ratio 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.