Intech Investment Management LLC Acquires Shares of 3,858 Eagle Materials Inc. (NYSE:EXP)

Intech Investment Management LLC bought a new stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,858 shares of the construction company's stock, valued at approximately $952,000.

Several other large investors also recently modified their holdings of the stock. Coldstream Capital Management Inc. grew its holdings 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 period. Sprott Inc. grew its stake in shares of Eagle Materials by 3.0% during the 4th quarter. Sprott Inc. now owns 1,695 shares of the construction company's stock worth $418,000 after acquiring an additional 50 shares during the period. CIBC Asset Management Inc grew 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 worth $268,000 after acquiring an additional 54 shares during the period. Smartleaf Asset Management LLC increased its holdings 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 acquiring an additional 56 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in Eagle Materials by 1.5% in the 3rd quarter. National Bank of Canada FI now owns 3,872 shares of the construction company's stock valued at $1,114,000 after acquiring an additional 57 shares during the period. Hedge funds and other institutional investors own 96.07% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Loop Capital lowered shares of Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 target price for the company. in a research report on Monday, November 25th. DA Davidson reduced their price objective on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. JPMorgan Chase & Co. lowered their target price on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Citigroup lowered Eagle Materials from a "buy" rating to a "neutral" rating and cut their price target for the stock from $334.00 to $280.00 in a report on Monday, January 6th. Finally, Stifel Nicolaus started coverage on Eagle Materials in a research note on Tuesday, March 4th. They set a "hold" rating and a $242.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $286.40.

Eagle Materials Price Performance

Shares of NYSE EXP traded up $0.60 during midday trading on Tuesday, hitting $228.48. 402,291 shares of the company's stock were exchanged, compared to its average volume of 308,093. The business's fifty day moving average price is $238.17 and its two-hundred day moving average price is $265.99. The company has a market cap of $7.61 billion, a price-to-earnings ratio of 16.32 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 12-month low of $205.44 and a 12-month 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 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, research analysts forecast that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date is Monday, March 17th. Eagle Materials's dividend payout ratio (DPR) is currently 7.14%.

Insider Transactions at Eagle Materials

In other Eagle Materials news, Director Michael R. Nicolais acquired 310 shares of the stock in a transaction dated Monday, February 10th. The stock was purchased at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the acquisition, the director now owns 3,655 shares in the company, valued at $940,650.80. The trade was a 9.27 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.60% of the company's stock.

Eagle Materials Company 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.