Intech Investment Management LLC Acquires New Position in Eagle Materials Inc. (NYSE:EXP)

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

Several other hedge funds have also recently bought and sold shares of EXP. Private Trust Co. NA lifted its position in shares of Eagle Materials by 53.0% during the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock worth $51,000 after buying an additional 71 shares during the last quarter. R Squared Ltd bought a new stake in shares of Eagle Materials in the 4th quarter valued at about $81,000. Smartleaf Asset Management LLC raised its holdings in Eagle Materials by 10.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock worth $140,000 after purchasing an additional 56 shares during the last quarter. GAMMA Investing LLC boosted its position in Eagle Materials by 10.6% during the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company's stock valued at $167,000 after acquiring an additional 65 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in Eagle Materials in the fourth quarter valued at approximately $170,000. 96.07% of the stock is owned by institutional investors.

Insider Transactions at Eagle Materials

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 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 $940,650.80. The trade was a 9.27 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.60% of the company's stock.

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Eagle Materials Stock Up 0.1 %

Shares of Eagle Materials stock traded up $0.18 during midday trading on Wednesday, hitting $228.90. The company had a trading volume of 348,143 shares, compared to its average volume of 308,535. Eagle Materials Inc. has a 52-week low of $205.44 and a 52-week high of $321.93. The company has a 50 day moving average of $238.17 and a 200 day moving average of $265.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. The stock has a market capitalization of $7.62 billion, a P/E ratio of 16.35 and a beta of 1.37.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 EPS for the quarter, missing the consensus estimate 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 predict that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 17th will be paid 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 dividend yield of 0.44%. Eagle Materials's dividend payout ratio is 7.14%.

Analyst Upgrades and Downgrades

EXP has been the topic of several research analyst reports. Stifel Nicolaus assumed coverage on shares of Eagle Materials in a research note on Tuesday, March 4th. They set a "hold" rating and a $242.00 target price on the stock. Citigroup downgraded shares of Eagle Materials from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $334.00 to $280.00 in a report on Monday, January 6th. JPMorgan Chase & Co. reduced 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. Stephens reissued an "overweight" rating and set a $310.00 price objective on shares of Eagle Materials in a report on Thursday, January 30th. Finally, Jefferies Financial Group downgraded shares of Eagle Materials from a "buy" rating to a "hold" rating and reduced their target price for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Eagle Materials currently has a consensus rating of "Hold" and an average target price of $286.40.

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.