Invesco Ltd. Sells 4,273 Shares of Eagle Materials Inc. (NYSE:EXP)

Invesco Ltd. reduced its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 982,052 shares of the construction company's stock after selling 4,273 shares during the period. Invesco Ltd. owned 2.95% of Eagle Materials worth $242,331,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA raised its stake in shares of Eagle Materials by 53.0% in 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 in the last quarter. Huntington National Bank boosted its position in shares of Eagle Materials by 154.8% during the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after purchasing an additional 144 shares in the last quarter. R Squared Ltd acquired a new position in shares of Eagle Materials in the 4th quarter worth approximately $81,000. Smartleaf Asset Management LLC raised its holdings in shares of 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 purchasing an additional 56 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake 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 purchasing an additional 65 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

EXP has been the topic of several recent research reports. Stephens restated an "overweight" rating and issued a $310.00 price target on shares of Eagle Materials in a research report on Thursday, January 30th. Loop Capital cut their target price on Eagle Materials from $280.00 to $245.00 and set a "hold" rating on the stock in a research report on Tuesday, April 1st. Jefferies Financial Group lowered Eagle Materials from a "buy" rating to a "hold" rating and decreased their price target for the company 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 cut their price objective for the stock from $334.00 to $280.00 in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $279.40.

Eagle Materials Stock Up 1.3 %

Shares of NYSE:EXP traded up $2.93 during midday trading on Monday, hitting $226.71. 309,595 shares of the stock were exchanged, compared to its average volume of 331,273. Eagle Materials Inc. has a 52-week low of $201.61 and a 52-week high of $321.93. The business's fifty day simple moving average is $227.50 and its two-hundred day simple moving average is $260.46. 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 company has a market capitalization of $7.55 billion, a PE ratio of 16.19 and a beta of 1.25.

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%. As a group, research 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 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 0.44%. The ex-dividend date is Monday, March 17th. Eagle Materials's payout ratio is presently 7.14%.

About Eagle Materials

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.