Fmr LLC Sells 129,794 Shares of Eagle Materials Inc. (NYSE:EXP)

FMR LLC lowered its holdings in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,671,463 shares of the construction company's stock after selling 129,794 shares during the quarter. FMR LLC owned 11.03% of Eagle Materials worth $905,970,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of EXP. Private Trust Co. NA lifted its stake in Eagle Materials by 53.0% in the fourth 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 in the last quarter. Huntington National Bank lifted its position in Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after acquiring an additional 144 shares in the last quarter. R Squared Ltd bought a new stake in Eagle Materials in the 4th quarter valued at $81,000. Smartleaf Asset Management LLC raised its stake in shares of Eagle Materials by 10.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock valued at $140,000 after purchasing an additional 56 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Eagle Materials by 10.6% in the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company's stock valued at $167,000 after purchasing an additional 65 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Eagle Materials Stock Performance

Shares of Eagle Materials stock traded up $6.74 during trading on Friday, hitting $223.27. 329,977 shares of the stock were exchanged, compared to its average volume of 331,068. 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 fifty day moving average price of $227.50 and a 200-day moving average price of $260.63. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 15.95 and a beta of 1.25. Eagle Materials Inc. has a 1-year low of $201.61 and a 1-year high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings results 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 return on equity of 34.14% and a net margin of 20.91%. As a group, equities 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 will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date is Monday, March 17th. Eagle Materials's dividend payout ratio is 7.14%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EXP. Stephens reiterated an "overweight" rating and set a $310.00 price objective on shares of Eagle Materials in a report on Thursday, January 30th. Stifel Nicolaus began coverage on shares of Eagle Materials in a research note on Tuesday, March 4th. They set a "hold" rating and a $242.00 price target for the company. DA Davidson cut their price objective on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Citigroup cut shares of Eagle Materials from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $334.00 to $280.00 in a report on Monday, January 6th. Finally, Jefferies Financial Group lowered shares of Eagle Materials from a "buy" rating to a "hold" rating and lowered their price target for the company from $330.00 to $310.00 in a research note on Monday, December 16th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $279.40.

Insider Buying and Selling at Eagle Materials

In related news, Director Michael R. Nicolais bought 310 shares of Eagle Materials stock in a transaction that occurred 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 acquisition, the director now owns 3,655 shares of the company's stock, valued at approximately $940,650.80. This represents 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. Corporate insiders own 1.60% of the company's stock.

About Eagle Materials

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.