Fuller & Thaler Asset Management Inc. Sells 1,512 Shares of Eagle Materials Inc. (NYSE:EXP)

Fuller & Thaler Asset Management Inc. lessened its stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 0.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 779,937 shares of the construction company's stock after selling 1,512 shares during the period. Eagle Materials accounts for about 0.7% of Fuller & Thaler Asset Management Inc.'s portfolio, making the stock its 27th largest position. Fuller & Thaler Asset Management Inc. owned approximately 2.34% of Eagle Materials worth $192,457,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of EXP. Private Trust Co. NA raised its holdings in shares of 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 purchasing an additional 71 shares during the period. Huntington National Bank raised its stake in Eagle Materials by 154.8% during the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock worth $58,000 after buying an additional 144 shares during the period. R Squared Ltd bought a new position in Eagle Materials in the fourth quarter worth approximately $81,000. Transce3nd LLC acquired a new stake in Eagle Materials in the fourth quarter valued at approximately $125,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of 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 acquiring an additional 56 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Michael R. Nicolais bought 310 shares of the company's stock in a transaction on Monday, February 10th. The shares were purchased at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the transaction, the director now directly owns 3,655 shares in the company, valued at approximately $940,650.80. The trade was a 9.27 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

Eagle Materials Stock Up 2.6 %

EXP stock opened at $214.26 on Wednesday. The stock has a market cap of $7.13 billion, a P/E ratio of 15.30 and a beta of 1.25. 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 stock's fifty day simple moving average is $222.42 and its two-hundred day simple moving average is $257.38. 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 issued 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%. Analysts expect that Eagle Materials Inc. will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 17th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.47%. The ex-dividend date was Monday, March 17th. Eagle Materials's dividend payout ratio (DPR) is 7.14%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on EXP shares. Loop Capital reduced their price target 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 cut shares of Eagle Materials from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $334.00 to $280.00 in a report on Monday, January 6th. Stifel Nicolaus assumed coverage on shares of Eagle Materials in a report on Tuesday, March 4th. They issued a "hold" rating and a $242.00 target price on the stock. DA Davidson cut their price target on Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. lowered their price objective on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research note 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 data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $279.40.

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.

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