Linscomb Wealth Inc. Lowers Position in Eagle Materials Inc. (NYSE:EXP)

Linscomb Wealth Inc. cut its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 42.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,920 shares of the construction company's stock after selling 3,577 shares during the quarter. Linscomb Wealth Inc.'s holdings in Eagle Materials were worth $1,214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXP. Capital Performance Advisors LLP purchased a new position in Eagle Materials during the 3rd quarter valued at about $64,000. R Squared Ltd bought a new position in shares of Eagle Materials in the fourth quarter valued at approximately $81,000. GAMMA Investing LLC grew 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 acquiring an additional 65 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Eagle Materials during the fourth quarter valued at approximately $170,000. Finally, Central Pacific Bank Trust Division increased its holdings in Eagle Materials by 20.6% during the 4th quarter. Central Pacific Bank Trust Division now owns 760 shares of the construction company's stock worth $188,000 after acquiring an additional 130 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Insider Transactions at Eagle Materials

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

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Analyst Upgrades and Downgrades

A number of research analysts have recently commented on EXP shares. Stifel Nicolaus started coverage on shares of Eagle Materials in a research report on Tuesday. They set a "hold" rating and a $242.00 price target for the company. DA Davidson reduced their target price 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 research report on Thursday, January 30th. Loop Capital lowered Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price objective for the company. in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the company a "neutral" rating in a research note on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $292.40.

Eagle Materials Trading Down 0.5 %

Eagle Materials stock traded down $1.09 during mid-day trading on Tuesday, hitting $217.69. The company's stock had a trading volume of 219,647 shares, compared to its average volume of 333,050. The business has a 50 day moving average price of $246.96 and a 200-day moving average price of $269.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. Eagle Materials Inc. has a 12 month low of $208.03 and a 12 month high of $321.93. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 15.55 and a beta of 1.37.

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

Eagle Materials Dividend Announcement

The business also recently disclosed 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Monday, March 17th. Eagle Materials's dividend payout ratio (DPR) is presently 7.14%.

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.