Eagle Materials Inc. (NYSE:EXP) Position Lessened by SG Americas Securities LLC

SG Americas Securities LLC trimmed its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 75.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 575 shares of the construction company's stock after selling 1,797 shares during the quarter. SG Americas Securities LLC's holdings in Eagle Materials were worth $142,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in shares of Eagle Materials in the third quarter valued at $64,000. GAMMA Investing LLC grew its position in shares of Eagle Materials by 10.6% in the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company's stock valued at $167,000 after purchasing an additional 65 shares during the period. Central Pacific Bank Trust Division grew its position in shares of Eagle Materials by 20.6% in the fourth quarter. Central Pacific Bank Trust Division now owns 760 shares of the construction company's stock valued at $188,000 after purchasing an additional 130 shares during the period. Harvest Fund Management Co. Ltd grew its position in shares of Eagle Materials by 789.9% in the third quarter. Harvest Fund Management Co. Ltd now owns 703 shares of the construction company's stock valued at $202,000 after purchasing an additional 624 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in shares of Eagle Materials in the third quarter valued at $206,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Stock Up 0.8 %

Shares of EXP stock traded up $1.97 during trading hours on Friday, reaching $252.47. The company had a trading volume of 239,537 shares, compared to its average volume of 316,861. 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 Inc. has a twelve month low of $211.44 and a twelve month high of $321.93. The company has a market capitalization of $8.40 billion, a P/E ratio of 18.03 and a beta of 1.37. The stock's fifty day simple moving average is $254.52 and its 200 day simple moving average is $271.02.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its earnings results 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%. As a group, sell-side analysts expect that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 17th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials's dividend payout ratio is currently 7.14%.

Insider Activity at Eagle Materials

In other Eagle Materials news, Director Richard Ross Stewart sold 3,577 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the transaction, the director now owns 1,100 shares of the company's stock, valued at $330,330. This trade represents a 76.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael Haack sold 11,888 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total value of $3,691,224.00. Following the transaction, the chief executive officer now directly owns 85,811 shares in the company, valued at approximately $26,644,315.50. This represents a 12.17 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EXP. Jefferies Financial Group downgraded Eagle Materials from a "buy" rating to a "hold" rating and lowered their price objective for the company from $330.00 to $310.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. lifted their price objective on Eagle Materials from $290.00 to $310.00 and gave the company a "neutral" rating in a research report on Wednesday, November 27th. Citigroup downgraded Eagle Materials from a "buy" rating to a "neutral" rating and lowered their price target for the company from $334.00 to $280.00 in a research report on Monday, January 6th. The Goldman Sachs Group upped their price target on Eagle Materials from $277.00 to $317.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, Truist Financial upped their price target on Eagle Materials from $320.00 to $330.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $296.80.

About Eagle Materials

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.