Edgestream Partners L.P. Acquires 5,488 Shares of Eagle Materials Inc. (NYSE:EXP)

Edgestream Partners L.P. lifted its position in Eagle Materials Inc. (NYSE:EXP - Free Report) by 765.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,205 shares of the construction company's stock after acquiring an additional 5,488 shares during the quarter. Edgestream Partners L.P.'s holdings in Eagle Materials were worth $1,531,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Private Trust Co. NA lifted its position 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 valued at $51,000 after acquiring an additional 71 shares in the last quarter. R Squared Ltd purchased a new stake in Eagle Materials in the 4th quarter worth approximately $81,000. Smartleaf Asset Management LLC lifted its position in Eagle Materials by 10.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock worth $140,000 after buying an additional 56 shares in the last quarter. GAMMA Investing LLC lifted its position in Eagle Materials by 10.6% in the 4th quarter. GAMMA Investing LLC now owns 676 shares of the construction company's stock worth $167,000 after buying an additional 65 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in Eagle Materials in the 4th quarter worth approximately $170,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

Eagle Materials Stock Performance

NYSE:EXP traded up $6.25 during midday trading on Friday, reaching $213.74. The stock had a trading volume of 346,936 shares, compared to its average volume of 307,742. Eagle Materials Inc. has a 1-year low of $205.44 and a 1-year high of $321.93. The firm's fifty day simple moving average is $242.29 and its 200-day simple moving average is $267.95. 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 capitalization of $7.12 billion, a P/E ratio of 15.27 and a beta of 1.37.

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Eagle Materials (NYSE:EXP - Get Free Report) last posted its 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 net margin of 20.91% and a return on equity of 34.14%. On average, equities research analysts forecast that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 0.47%. Eagle Materials's dividend payout ratio is 7.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EXP shares. Stephens reiterated an "overweight" rating and issued a $310.00 target price on shares of Eagle Materials in a research report on Thursday, January 30th. DA Davidson dropped their price target on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their price target on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 27th. Jefferies Financial Group lowered shares of Eagle Materials from a "buy" rating to a "hold" rating and dropped their price target for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. Finally, Loop Capital lowered shares of Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price target on the stock. in a research note on Monday, November 25th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $292.40.

Insiders Place Their Bets

In related news, Director Michael R. Nicolais purchased 310 shares of the firm's stock in a transaction on Monday, February 10th. The shares were bought at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the transaction, the director now directly owns 3,655 shares of the company's stock, 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 SEC, which is accessible through the SEC website. Company 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.