Natixis Advisors LLC Sells 4,214 Shares of Eagle Materials Inc. (NYSE:EXP)

Natixis Advisors LLC cut its holdings in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 15.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,051 shares of the construction company's stock after selling 4,214 shares during the quarter. Natixis Advisors LLC owned about 0.07% of Eagle Materials worth $5,688,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Private Trust Co. NA increased its holdings in shares of Eagle Materials by 53.0% in the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after purchasing an additional 71 shares during the last quarter. R Squared Ltd acquired a new position in Eagle Materials in the 4th quarter valued at about $81,000. Smartleaf Asset Management LLC raised its holdings in Eagle Materials by 10.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock valued at $140,000 after acquiring an additional 56 shares during the period. GAMMA Investing LLC raised its holdings in Eagle Materials by 10.6% in the 4th 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 period. Finally, Venturi Wealth Management LLC acquired a new stake in Eagle Materials during the fourth quarter worth approximately $170,000. Institutional investors own 96.07% of the company's stock.

Insider Transactions at Eagle Materials

In related news, Director Michael R. Nicolais purchased 310 shares of the 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 of the company's stock, valued at approximately $940,650.80. This represents a 9.27 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.60% of the company's stock.

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Eagle Materials Price Performance

Shares of Eagle Materials stock traded up $0.60 on Tuesday, reaching $228.48. 402,291 shares of the stock were exchanged, compared to its average volume of 308,093. 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 firm has a market cap of $7.61 billion, a PE ratio of 16.32 and a beta of 1.37. The firm's 50 day moving average is $238.17 and its 200-day moving average is $265.99. Eagle Materials Inc. has a one year low of $205.44 and a one year high of $321.93.

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 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%. As a group, analysts anticipate that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials's payout ratio is 7.14%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EXP. Stifel Nicolaus initiated coverage on Eagle Materials in a research note on Tuesday, March 4th. They set a "hold" rating and a $242.00 target price on the stock. Loop Capital cut Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price objective on the stock. in a research report on Monday, November 25th. JPMorgan Chase & Co. reduced their target price on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Citigroup lowered shares of Eagle Materials from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $334.00 to $280.00 in a research report on Monday, January 6th. Finally, DA Davidson cut their price objective on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $286.40.

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.