Eagle Materials Inc. (NYSE:EXP) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 3.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,801,532 shares of the construction company's stock after acquiring an additional 66,399 shares during the period. JPMorgan Chase & Co. owned approximately 5.41% of Eagle Materials worth $444,546,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its position in Eagle Materials by 53.0% in the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after buying an additional 71 shares during the period. R Squared Ltd acquired a new stake in shares of Eagle Materials in the fourth quarter valued at $81,000. Smartleaf Asset Management LLC boosted its holdings in Eagle Materials by 10.9% in 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 period. GAMMA Investing LLC grew its stake in Eagle Materials by 10.6% during the 4th quarter. GAMMA Investing LLC now owns 676 shares of the construction company's stock worth $167,000 after purchasing an additional 65 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in Eagle Materials during the 4th quarter worth about $170,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EXP shares. DA Davidson lowered their price objective on Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Stephens reiterated an "overweight" rating and set a $310.00 price target on shares of Eagle Materials in a report on Thursday, January 30th. JPMorgan Chase & Co. dropped their price objective 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. Loop Capital decreased their price objective on shares of Eagle Materials from $280.00 to $245.00 and set a "hold" rating for the company in a research report on Tuesday. Finally, Stifel Nicolaus initiated coverage on Eagle Materials in a report on Tuesday, March 4th. They issued a "hold" rating and a $242.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $279.40.

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Insider Buying and Selling at Eagle Materials

In related news, Director Michael R. Nicolais acquired 310 shares of Eagle Materials stock in a transaction on Monday, February 10th. The shares were purchased at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the purchase, the director now directly owns 3,655 shares of the company's stock, valued at $940,650.80. The trade was a 9.27 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Eagle Materials Trading Down 3.8 %

Shares of NYSE EXP traded down $8.85 on Thursday, reaching $226.35. 207,926 shares of the company traded hands, compared to its average volume of 360,572. The company has a 50 day moving average of $234.66 and a 200 day moving average of $264.67. 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 fifty-two week low of $205.44 and a fifty-two week high of $321.93. The stock has a market capitalization of $7.53 billion, a PE ratio of 16.17 and a beta of 1.37.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share (EPS) 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, equities research analysts forecast that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Monday, March 17th. Eagle Materials's dividend payout ratio is presently 7.14%.

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.