Eagle Materials Inc. (NYSE:EXP) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC trimmed its stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 11.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,539 shares of the construction company's stock after selling 11,204 shares during the period. Kennedy Capital Management LLC owned 0.26% of Eagle Materials worth $21,108,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Private Trust Co. NA increased its holdings in shares of 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 buying an additional 71 shares during the last quarter. Huntington National Bank lifted its stake in shares of 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 purchasing an additional 144 shares during the last quarter. R Squared Ltd purchased a new position in shares of Eagle Materials in the 4th quarter worth approximately $81,000. Smartleaf Asset Management LLC raised its holdings in 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 buying an additional 56 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Eagle Materials by 10.6% during the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company's stock worth $167,000 after buying an additional 65 shares during the period. Hedge funds and other institutional investors own 96.07% of the company's stock.

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Insider Buying and Selling

In other news, Director Michael R. Nicolais purchased 310 shares of the company's stock in a transaction on Monday, February 10th. The shares were acquired at an average price 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 trade represents a 9.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by company insiders.

Eagle Materials Stock Up 3.1 %

Shares of EXP stock traded up $6.74 during mid-day trading on Friday, hitting $223.27. 329,977 shares of the stock traded hands, compared to its average volume of 331,068. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The stock has a market cap of $7.43 billion, a P/E ratio of 15.95 and a beta of 1.25. The stock's fifty day moving average is $227.50 and its two-hundred day moving average is $260.63. Eagle Materials Inc. has a 52-week low of $201.61 and a 52-week high of $321.93.

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

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.25 per share. The ex-dividend date is 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%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Loop Capital lowered their target price on shares of Eagle Materials from $280.00 to $245.00 and set a "hold" rating for the company in a report on Tuesday, April 1st. Stephens reiterated an "overweight" rating and issued a $310.00 price target on shares of Eagle Materials in a report on Thursday, January 30th. Jefferies Financial Group downgraded Eagle Materials from a "buy" rating to a "hold" rating and cut their price objective for the company from $330.00 to $310.00 in a research report on Monday, December 16th. 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 target price for the company. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $279.40.

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.