Thurston Springer Miller Herd & Titak Inc. Boosts Stock Position in Eagle Materials Inc. (NYSE:EXP)

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 62.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,512 shares of the construction company's stock after acquiring an additional 1,352 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Eagle Materials were worth $867,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in shares of Eagle Materials during the 3rd quarter worth $64,000. Quent Capital LLC raised its holdings in shares of Eagle Materials by 155.3% during the 3rd quarter. Quent Capital LLC now owns 434 shares of the construction company's stock valued at $125,000 after buying an additional 264 shares in the last quarter. GAMMA Investing LLC boosted its stake in Eagle Materials by 10.6% in the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company's stock worth $167,000 after buying an additional 65 shares in the last quarter. Central Pacific Bank Trust Division grew its position in Eagle Materials by 23.5% during the third quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company's stock valued at $181,000 after acquiring an additional 120 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of Eagle Materials by 789.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 703 shares of the construction company's stock worth $202,000 after acquiring an additional 624 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Insider Buying and Selling at Eagle Materials

In other news, CEO Michael Haack sold 11,888 shares of the firm's 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 completion of the transaction, the chief executive officer now owns 85,811 shares in the company, valued at $26,644,315.50. This trade represents a 12.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard Ross Stewart sold 3,577 shares of Eagle Materials stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total value of $1,074,173.10. Following the sale, the director now owns 1,100 shares in the company, valued at $330,330. This represents a 76.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,866 shares of company stock valued at $5,205,311. 1.60% of the stock is currently owned by corporate insiders.

Eagle Materials Trading Up 1.5 %

NYSE EXP traded up $3.70 on Thursday, hitting $254.66. The company's stock had a trading volume of 230,319 shares, compared to its average volume of 266,252. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. Eagle Materials Inc. has a 52-week low of $197.58 and a 52-week high of $321.93. The firm has a market cap of $8.54 billion, a P/E ratio of 17.98 and a beta of 1.37. The company's 50-day simple moving average is $276.62 and its 200 day simple moving average is $266.94.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.75 by ($0.44). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The company had revenue of $623.62 million for the quarter, compared to analysts' expectations of $651.46 million. During the same period in the previous year, the firm posted $4.28 earnings per share. The firm's revenue for the quarter was up .2% compared to the same quarter last year. Research analysts predict that Eagle Materials Inc. will post 15.11 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 16th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 0.39%. Eagle Materials's dividend payout ratio (DPR) is presently 7.06%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EXP. Loop Capital cut shares of Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price objective for the company. in a research note on Monday, November 25th. Jefferies Financial Group lowered shares of Eagle Materials from a "buy" rating to a "hold" rating and cut their price target for the company from $330.00 to $310.00 in a research report on Monday, December 16th. The Goldman Sachs Group lifted their price objective on Eagle Materials from $277.00 to $317.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Citigroup cut Eagle Materials from a "buy" rating to a "neutral" rating and dropped their target price for the company from $334.00 to $280.00 in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. lifted their price target on Eagle Materials from $290.00 to $310.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 27th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Eagle Materials has an average rating of "Hold" and an average target price of $301.44.

Eagle Materials 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.