Eagle Materials Inc. (NYSE:EXP) Shares Bought by LPL Financial LLC

LPL Financial LLC raised its position in Eagle Materials Inc. (NYSE:EXP - Free Report) by 11.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 64,672 shares of the construction company's stock after purchasing an additional 6,682 shares during the period. LPL Financial LLC owned 0.19% of Eagle Materials worth $15,959,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXP. Private Trust Co. NA lifted its stake 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 buying an additional 71 shares in the last quarter. R Squared Ltd acquired a new stake in Eagle Materials in the 4th quarter valued at about $81,000. Smartleaf Asset Management LLC lifted its stake in Eagle Materials by 10.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock worth $140,000 after purchasing an additional 56 shares in the last quarter. GAMMA Investing LLC boosted its holdings 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 worth $167,000 after purchasing an additional 65 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Eagle Materials in the fourth quarter valued at approximately $170,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Insider Transactions at Eagle Materials

In related news, Director Michael R. Nicolais acquired 310 shares of the business's stock in a transaction dated Monday, February 10th. The shares were acquired at an average price of $257.36 per share, with a total value of $79,781.60. Following the completion of the transaction, the director now owns 3,655 shares of the company's stock, valued at $940,650.80. The trade was a 9.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Stifel Nicolaus assumed coverage on Eagle Materials in a research note on Tuesday, March 4th. They set a "hold" rating and a $242.00 price objective on the stock. Loop Capital lowered their price target on shares of Eagle Materials from $280.00 to $245.00 and set a "hold" rating on the stock in a research report on Tuesday, April 1st. DA Davidson cut their price objective on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. JPMorgan Chase & Co. decreased 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. Finally, Jefferies Financial Group cut 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. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $279.40.

Eagle Materials Trading Down 4.9 %

Eagle Materials stock traded down $11.11 during trading on Friday, hitting $217.54. The company had a trading volume of 914,317 shares, compared to its average volume of 325,142. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 15.54 and a beta of 1.25. 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 Inc. has a 1-year low of $205.44 and a 1-year high of $321.93. The company's 50 day simple moving average is $233.13 and its 200-day simple moving average is $263.75.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 earnings per share 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, analysts expect that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. Eagle Materials's dividend payout ratio (DPR) is presently 7.14%.

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.