Great Lakes Advisors LLC Trims Position in Eagle Materials Inc. (NYSE:EXP)

Great Lakes Advisors LLC cut its position in Eagle Materials Inc. (NYSE:EXP - Free Report) by 37.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,287 shares of the construction company's stock after selling 26,176 shares during the period. Great Lakes Advisors LLC owned about 0.13% of Eagle Materials worth $10,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXP. CIBC Asset Management Inc lifted its position in Eagle Materials by 3.7% during the third quarter. CIBC Asset Management Inc now owns 1,032 shares of the construction company's stock valued at $297,000 after purchasing an additional 37 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in Eagle Materials by 1.4% during 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. lifted its position in Eagle Materials by 3.0% during the fourth quarter. Sprott Inc. now owns 1,695 shares of the construction company's stock valued at $418,000 after purchasing an additional 50 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in 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 purchasing an additional 56 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in Eagle Materials by 1.5% during the third quarter. National Bank of Canada FI now owns 3,872 shares of the construction company's stock valued at $1,114,000 after purchasing an additional 57 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Trading Down 1.0 %

Shares of EXP opened at $209.30 on Thursday. Eagle Materials Inc. has a 1-year low of $205.44 and a 1-year high of $321.93. The company has a 50-day moving average of $242.29 and a 200 day moving average of $267.95. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 14.95 and a beta of 1.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01.

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

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 17th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. Eagle Materials's payout ratio is 7.14%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EXP shares. Jefferies Financial Group lowered shares of Eagle Materials from a "buy" rating to a "hold" rating and lowered their price objective for the company from $330.00 to $310.00 in a research report on Monday, December 16th. Citigroup lowered shares of Eagle Materials from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $334.00 to $280.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. raised their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a "neutral" rating in a report on Wednesday, November 27th. DA Davidson lowered their target price on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Finally, 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 target price for the company. 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 presently has an average rating of "Hold" and a consensus price target of $292.40.

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 acquired at an average price of $257.36 per share, with a total value of $79,781.60. Following the transaction, the director now 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.

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.

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