Segall Bryant & Hamill LLC Increases Holdings in Eagle Materials Inc. (NYSE:EXP)

Segall Bryant & Hamill LLC lifted its position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,576 shares of the construction company's stock after acquiring an additional 1,894 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.20% of Eagle Materials worth $16,182,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA grew its holdings in shares of Eagle Materials by 53.0% during the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock worth $51,000 after purchasing an additional 71 shares during the last quarter. R Squared Ltd acquired a new stake in Eagle Materials during the 4th quarter worth approximately $81,000. Smartleaf Asset Management LLC increased 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 acquiring an additional 56 shares during the period. GAMMA Investing LLC increased its position 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 bought a new position in shares of Eagle Materials during the fourth quarter valued at $170,000. Institutional investors and hedge funds own 96.07% of the company's stock.

Insider Activity

In other news, Director Michael R. Nicolais bought 310 shares of the company's stock in a transaction on Monday, February 10th. The shares were acquired at an average cost of $257.36 per share, with a total value of $79,781.60. Following the completion of the transaction, the director now owns 3,655 shares of the company's stock, valued at approximately $940,650.80. This trade represents a 9.27 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is owned by corporate insiders.

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Analyst Ratings Changes

Several analysts recently weighed in on the stock. Jefferies Financial Group cut shares of Eagle Materials from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. Stephens reiterated an "overweight" rating and issued a $310.00 price target on shares of Eagle Materials in a research 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 for the company in a research report on Wednesday, March 19th. DA Davidson reduced their target price on Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Finally, Stifel Nicolaus initiated coverage on shares of Eagle Materials in a research note on Tuesday, March 4th. They issued a "hold" rating and a $242.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $286.40.

Eagle Materials Stock Performance

NYSE:EXP traded down $4.81 during trading hours on Friday, reaching $221.02. The stock had a trading volume of 204,365 shares, compared to its average volume of 317,918. The stock has a 50 day simple moving average of $236.43 and a 200 day simple moving average of $265.41. Eagle Materials Inc. has a 12-month low of $205.44 and a 12-month high of $321.93. The stock has a market cap of $7.36 billion, a P/E ratio of 15.79 and a beta of 1.37. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings data 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, research analysts forecast that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 17th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials's dividend payout ratio (DPR) is 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.