Los Angeles Capital Management LLC Sells 6,982 Shares of Eagle Materials Inc. (NYSE:EXP)

Los Angeles Capital Management LLC decreased its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 12.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,000 shares of the construction company's stock after selling 6,982 shares during the period. Los Angeles Capital Management LLC owned about 0.14% of Eagle Materials worth $11,598,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EXP. FMR LLC boosted its position in Eagle Materials by 30.1% in the third quarter. FMR LLC now owns 3,801,257 shares of the construction company's stock valued at $1,093,432,000 after buying an additional 878,400 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Eagle Materials by 60.3% in the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company's stock valued at $499,111,000 after purchasing an additional 652,836 shares during the last quarter. Baupost Group LLC MA grew its position in shares of Eagle Materials by 46.2% in the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company's stock valued at $143,904,000 after purchasing an additional 158,171 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Eagle Materials in the third quarter valued at about $34,846,000. Finally, Merewether Investment Management LP acquired a new stake in Eagle Materials during the third quarter worth about $22,552,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EXP. Citigroup downgraded Eagle Materials from a "buy" rating to a "neutral" rating and reduced their target price for the company from $334.00 to $280.00 in a report on Monday, January 6th. Loop Capital lowered Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price objective on the stock. in a research note on Monday, November 25th. JPMorgan Chase & Co. boosted their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the company a "neutral" rating in a report on Wednesday, November 27th. Stephens reiterated 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 lowered shares of Eagle Materials from a "buy" rating to a "hold" rating and lowered their target price for the stock from $330.00 to $310.00 in a report on Monday, December 16th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $296.80.

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Insider Transactions at Eagle Materials

In other Eagle Materials news, Director Michael R. Nicolais purchased 310 shares of the company's stock in a transaction that occurred 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 in the company, valued at $940,650.80. The trade was 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 the SEC website. 1.60% of the stock is owned by corporate insiders.

Eagle Materials Stock Up 0.8 %

Shares of EXP traded up $1.85 during mid-day trading on Friday, reaching $226.13. The company's stock had a trading volume of 272,126 shares, compared to its average volume of 335,603. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The company has a market cap of $7.53 billion, a price-to-earnings ratio of 16.15 and a beta of 1.37. The business has a fifty day moving average of $247.57 and a 200 day moving average of $269.98. Eagle Materials Inc. has a 1 year low of $211.44 and a 1 year high of $321.93.

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, 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 disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 17th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials's 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.