Horizon Kinetics Asset Management LLC Lowers Stock Holdings in Eagle Materials Inc. (NYSE:EXP)

Horizon Kinetics Asset Management LLC lowered its position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,949 shares of the construction company's stock after selling 1,656 shares during the quarter. Horizon Kinetics Asset Management LLC owned about 0.09% of Eagle Materials worth $7,390,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Private Trust Co. NA boosted its stake in Eagle Materials by 53.0% in the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock worth $51,000 after purchasing an additional 71 shares in the last quarter. R Squared Ltd purchased a new position in shares of Eagle Materials during the 4th quarter worth $81,000. Smartleaf Asset Management LLC grew its holdings in Eagle Materials by 10.9% during the fourth 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. GAMMA Investing LLC grew its stake 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 valued at $167,000 after acquiring an additional 65 shares during the period. Finally, Venturi Wealth Management LLC purchased a new stake in Eagle Materials in the 4th quarter worth approximately $170,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EXP has been the subject of a number of research reports. 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 target for the company. JPMorgan Chase & Co. dropped their target price on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research report on Wednesday. Jefferies Financial Group lowered Eagle Materials from a "buy" rating to a "hold" rating and reduced their target price for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. Loop Capital lowered shares of Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 target price on the stock. in a research report on Monday, November 25th. Finally, Stephens restated an "overweight" rating and issued a $310.00 price objective on shares of Eagle Materials in a report on Thursday, January 30th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $286.40.

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Insiders Place Their Bets

In other news, Director Michael R. Nicolais bought 310 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the purchase, the director now directly owns 3,655 shares in the company, valued at approximately $940,650.80. This trade represents a 9.27 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by insiders.

Eagle Materials Stock Up 0.3 %

EXP traded up $0.57 during trading on Friday, hitting $217.86. The stock had a trading volume of 640,693 shares, compared to its average volume of 307,335. Eagle Materials Inc. has a twelve month low of $205.44 and a twelve month high of $321.93. The stock has a 50 day simple moving average of $239.02 and a two-hundred day simple moving average of $266.11. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. The company has a market capitalization of $7.25 billion, a PE ratio of 15.56 and a beta of 1.37.

Eagle Materials (NYSE:EXP - Get Free Report) last released its earnings results on Wednesday, January 29th. The construction company reported $3.59 EPS 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%. On average, research analysts predict that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 17th will be paid a $0.25 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. Eagle Materials's 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.