Eagle Materials Inc. (NYSE:EXP) Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 35.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,498 shares of the construction company's stock after selling 1,374 shares during the quarter. National Bank of Canada FI's holdings in Eagle Materials were worth $616,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of EXP. Private Trust Co. NA grew its position in Eagle Materials by 53.0% during 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 during the period. R Squared Ltd bought a new position in Eagle Materials in the 4th quarter worth $81,000. Smartleaf Asset Management LLC grew its stake in shares of Eagle Materials by 10.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock valued at $140,000 after acquiring an additional 56 shares during the period. GAMMA Investing LLC increased its stake 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 worth $167,000 after purchasing an additional 65 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in shares of Eagle Materials in the fourth quarter worth about $170,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on EXP shares. JPMorgan Chase & Co. dropped their price target on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Stifel Nicolaus began coverage on shares of Eagle Materials in a report on Tuesday, March 4th. They issued a "hold" rating and a $242.00 price target on the stock. Loop Capital lowered 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 Eagle Materials from a "buy" rating to a "neutral" rating and decreased their target price for the company from $334.00 to $280.00 in a research report on Monday, January 6th. Finally, Jefferies Financial Group downgraded Eagle Materials from a "buy" rating to a "hold" rating and decreased their price objective for the company from $330.00 to $310.00 in a report on Monday, December 16th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $279.40.

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Eagle Materials Trading Up 0.5 %

NYSE:EXP traded up $1.10 during trading hours on Tuesday, hitting $228.05. The company had a trading volume of 59,591 shares, compared to its average volume of 330,208. Eagle Materials Inc. has a 1 year low of $201.61 and a 1 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 company has a 50-day moving average of $226.93 and a 200 day moving average of $260.04. The company has a market cap of $7.59 billion, a P/E ratio of 16.29 and a beta of 1.25.

Eagle Materials (NYSE:EXP - Get Free Report) last issued 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%. Sell-side analysts expect that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 17th were given a $0.25 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. Eagle Materials's dividend payout ratio is currently 7.14%.

Insider Transactions at Eagle Materials

In related news, Director Michael R. Nicolais bought 310 shares of the stock in a transaction on Monday, February 10th. The stock was bought at an average price of $257.36 per share, with a total value of $79,781.60. Following the completion of the purchase, the director now directly owns 3,655 shares in the company, valued at $940,650.80. This represents a 9.27 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.60% of the company's stock.

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.