Eagle Materials Inc. (NYSE:EXP) Shares Bought by NewEdge Advisors LLC

NewEdge Advisors LLC lifted its holdings in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 53.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,460 shares of the construction company's stock after purchasing an additional 2,238 shares during the quarter. NewEdge Advisors LLC's holdings in Eagle Materials were worth $1,594,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Trust Co. NA grew its holdings 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 buying an additional 71 shares during the period. Huntington National Bank boosted its position in shares of Eagle Materials by 154.8% in the fourth quarter. Huntington National Bank now owns 237 shares of the construction company's stock worth $58,000 after acquiring an additional 144 shares during the last quarter. R Squared Ltd acquired a new position in Eagle Materials during the fourth quarter worth approximately $81,000. Smartleaf Asset Management LLC raised its stake in Eagle Materials by 10.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock worth $140,000 after purchasing an additional 56 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Eagle Materials by 10.6% in the 4th quarter. GAMMA Investing LLC now owns 676 shares of the construction company's stock valued at $167,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on EXP shares. Citigroup downgraded Eagle Materials from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $334.00 to $280.00 in a report on Monday, January 6th. Loop Capital cut their price objective 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. decreased their target price on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Stephens restated an "overweight" rating and issued a $310.00 price target on shares of Eagle Materials in a report on Thursday, January 30th. Finally, Stifel Nicolaus started coverage on shares of Eagle Materials in a research note on Tuesday, March 4th. They set a "hold" rating and a $242.00 price objective for the company. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Eagle Materials has a consensus rating of "Hold" and a consensus target price of $279.40.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, Director Michael R. Nicolais bought 310 shares of Eagle Materials stock in a transaction dated Monday, February 10th. The stock was bought 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 $940,650.80. This represents a 9.27 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by insiders.

Eagle Materials Trading Up 1.2 %

NYSE EXP opened at $216.15 on Thursday. The company's fifty day simple moving average is $221.69 and its 200-day simple moving average is $257.10. The stock has a market cap of $7.20 billion, a P/E ratio of 15.44 and a beta of 1.25. Eagle Materials Inc. has a 52 week low of $201.61 and a 52 week high of $321.93. 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 posted 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%. Equities research analysts predict that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 17th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Monday, March 17th. Eagle Materials's dividend payout ratio is currently 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.

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