First Trust Advisors LP Has $26.12 Million Holdings in Eagle Materials Inc. (NYSE:EXP)

First Trust Advisors LP decreased its position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,851 shares of the construction company's stock after selling 18,173 shares during the period. First Trust Advisors LP owned 0.32% of Eagle Materials worth $26,120,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA lifted its position in Eagle Materials by 53.0% during the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock worth $51,000 after acquiring an additional 71 shares during the last quarter. Huntington National Bank lifted its position in Eagle Materials by 154.8% during the 4th 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 4th quarter worth $81,000. Smartleaf Asset Management LLC lifted its position in Eagle Materials by 10.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock worth $140,000 after acquiring an additional 56 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Eagle Materials by 10.6% during the fourth 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 last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Insider Activity

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 purchased at an average cost 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. The trade was a 9.27 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EXP has been the subject of a number of research analyst reports. Loop Capital cut their price objective on shares of Eagle Materials from $280.00 to $245.00 and set a "hold" rating for the company in a research report on Tuesday, April 1st. 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 research report on Monday, January 6th. 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. Stephens reissued an "overweight" rating and issued a $310.00 price target on shares of Eagle Materials in a research report on Thursday, January 30th. Finally, Truist Financial dropped their price target on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $274.40.

Eagle Materials Price Performance

Shares of EXP traded up $0.70 during mid-day trading on Tuesday, hitting $222.06. 224,193 shares of the company traded hands, compared to its average volume of 332,638. Eagle Materials Inc. has a one year low of $201.61 and a one year 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. The business has a 50-day moving average of $220.06 and a 200 day moving average of $255.20. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 15.86 and a beta of 1.25.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 17th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. 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.