New Age Alpha Advisors LLC Invests $1.83 Million in Eagle Materials Inc. (NYSE:EXP)

New Age Alpha Advisors LLC purchased a new stake in Eagle Materials Inc. (NYSE:EXP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 7,413 shares of the construction company's stock, valued at approximately $1,829,000.

Several other institutional investors have also recently added to or reduced their stakes in EXP. Private Trust Co. NA grew 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 valued at $51,000 after purchasing an additional 71 shares during the last quarter. R Squared Ltd purchased a new position in Eagle Materials in the 4th quarter valued at $81,000. Smartleaf Asset Management LLC grew its position 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 buying an additional 56 shares during the last quarter. GAMMA Investing LLC increased its stake 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 buying an additional 65 shares during the period. Finally, Venturi Wealth Management LLC purchased a new position in Eagle Materials during the 4th quarter worth $170,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Eagle Materials Price Performance

EXP traded down $11.11 during trading on Friday, reaching $217.54. 914,317 shares of the stock were exchanged, compared to its average volume of 324,773. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The company has a market capitalization of $7.24 billion, a price-to-earnings ratio of 15.54 and a beta of 1.37. Eagle Materials Inc. has a 1 year low of $205.44 and a 1 year high of $321.93. The business's 50 day moving average price is $233.13 and its two-hundred day moving average price is $264.01.

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 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, equities research analysts anticipate that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. Eagle Materials's dividend payout ratio is presently 7.14%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EXP. Stephens reaffirmed an "overweight" rating and issued a $310.00 target price on shares of Eagle Materials in a report on Thursday, January 30th. JPMorgan Chase & Co. lowered their price objective on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Citigroup cut Eagle Materials from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $334.00 to $280.00 in a research report on Monday, January 6th. Stifel Nicolaus began coverage on Eagle Materials in a report on Tuesday, March 4th. They issued a "hold" rating and a $242.00 price target for the company. Finally, Loop Capital dropped their price objective on Eagle Materials from $280.00 to $245.00 and set a "hold" rating on the stock in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $279.40.

Insider Transactions at Eagle Materials

In related news, Director Michael R. Nicolais bought 310 shares of the stock in a transaction on Monday, February 10th. The shares were purchased at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the acquisition, the director now owns 3,655 shares in the company, valued at $940,650.80. This represents a 9.27 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.60% of the company's stock.

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.