Eagle Materials Inc. (NYSE:EXP) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Eagle Materials Inc. (NYSE:EXP - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 722,995 shares of the construction company's stock after buying an additional 15,388 shares during the period. Geode Capital Management LLC owned approximately 2.17% of Eagle Materials worth $178,450,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of EXP. Coldstream Capital Management Inc. boosted its holdings in Eagle Materials by 1.4% in the third quarter. Coldstream Capital Management Inc. now owns 2,981 shares of the construction company's stock valued at $858,000 after purchasing an additional 41 shares during the last quarter. Sprott Inc. raised its position in shares of Eagle Materials by 3.0% in the 4th quarter. Sprott Inc. now owns 1,695 shares of the construction company's stock valued at $418,000 after purchasing an additional 50 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Eagle Materials by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,086 shares of the construction company's stock valued at $268,000 after buying an additional 54 shares during the last quarter. Smartleaf Asset Management LLC grew its position 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 worth $140,000 after buying an additional 56 shares in the last quarter. Finally, National Bank of Canada FI increased its stake in shares of Eagle Materials by 1.5% in the third quarter. National Bank of Canada FI now owns 3,872 shares of the construction company's stock worth $1,114,000 after buying an additional 57 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Eagle Materials

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on EXP shares. Stephens reiterated an "overweight" rating and set a $310.00 price objective on shares of Eagle Materials in a research note on Thursday, January 30th. Jefferies Financial Group cut shares of Eagle Materials from a "buy" rating to a "hold" rating and reduced their price target for the stock from $330.00 to $310.00 in a research report on Monday, December 16th. Citigroup downgraded Eagle Materials from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $334.00 to $280.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. cut their price objective on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Finally, DA Davidson reduced their target price on Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $279.40.

Eagle Materials Stock Performance

Shares of NYSE:EXP traded up $6.74 during trading on Friday, hitting $223.27. 329,977 shares of the company traded hands, compared to its average volume of 331,068. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The business's fifty day moving average is $227.50 and its 200-day moving average is $260.63. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 15.95 and a beta of 1.25. Eagle Materials Inc. has a one year low of $201.61 and a one year high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings data 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%. As a group, equities analysts predict that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 17th will be given a $0.25 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 0.45%. Eagle Materials's dividend payout ratio is presently 7.14%.

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.