Inceptionr LLC Invests $716,000 in Eagle Materials Inc. (NYSE:EXP)

Inceptionr LLC acquired a new stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,903 shares of the construction company's stock, valued at approximately $716,000.

Several other hedge funds also recently made changes to their positions in EXP. US Bancorp DE boosted its holdings in Eagle Materials by 1.9% during the third quarter. US Bancorp DE now owns 4,911 shares of the construction company's stock worth $1,413,000 after buying an additional 90 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Eagle Materials by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 22,485 shares of the construction company's stock worth $6,443,000 after acquiring an additional 6,424 shares during the last quarter. QRG Capital Management Inc. acquired a new position in shares of Eagle Materials in the 3rd quarter worth $235,000. Lifestyle Asset Management Inc. lifted its holdings in shares of Eagle Materials by 12.6% during the third quarter. Lifestyle Asset Management Inc. now owns 4,084 shares of the construction company's stock valued at $1,175,000 after purchasing an additional 457 shares during the last quarter. Finally, Financial Strategies Group Inc. lifted its holdings in shares of Eagle Materials by 4.4% during the third quarter. Financial Strategies Group Inc. now owns 1,022 shares of the construction company's stock valued at $304,000 after purchasing an additional 43 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Eagle Materials Stock Down 2.0 %

EXP stock traded down $4.39 during mid-day trading on Tuesday, hitting $211.44. The stock had a trading volume of 438,445 shares, compared to its average volume of 358,227. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 15.10 and a beta of 1.37. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. Eagle Materials Inc. has a 1-year low of $205.44 and a 1-year high of $321.93. The company has a fifty day moving average of $243.74 and a 200 day moving average of $268.75.

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Eagle Materials (NYSE:EXP - Get Free Report) last released 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%. On average, equities analysts expect that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

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

Insider Activity at Eagle Materials

In related news, Director Michael R. Nicolais purchased 310 shares of Eagle Materials stock in a transaction on Monday, February 10th. The stock was bought at an average price of $257.36 per share, with a total value of $79,781.60. Following the completion of the transaction, the director now directly owns 3,655 shares of the company's stock, valued at approximately $940,650.80. This represents a 9.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EXP. Stifel Nicolaus assumed coverage on Eagle Materials in a research note on Tuesday, March 4th. They issued a "hold" rating and a $242.00 price target on the stock. 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 report on Monday, November 25th. Citigroup lowered shares of Eagle Materials from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $334.00 to $280.00 in a research note on Monday, January 6th. Stephens reissued an "overweight" rating and set a $310.00 target price on shares of Eagle Materials in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. increased their target price on Eagle Materials from $290.00 to $310.00 and gave the company a "neutral" rating in a report on Wednesday, November 27th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $292.40.

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.