8,375 Shares in Eagle Materials Inc. (NYSE:EXP) Purchased by Trexquant Investment LP

Trexquant Investment LP acquired a new position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,375 shares of the construction company's stock, valued at approximately $2,067,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Private Trust Co. NA raised 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 valued at $51,000 after acquiring an additional 71 shares during the last quarter. R Squared Ltd acquired a new position in Eagle Materials in the 4th quarter valued at $81,000. Smartleaf Asset Management LLC lifted 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 purchasing an additional 56 shares in the last quarter. GAMMA Investing LLC lifted 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 purchasing an additional 65 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in Eagle Materials during the 4th quarter worth $170,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Stock Up 0.1 %

Shares of NYSE EXP traded up $0.28 during mid-day trading on Monday, hitting $224.06. The company had a trading volume of 22,241 shares, compared to its average volume of 330,175. Eagle Materials Inc. has a 1-year low of $201.61 and a 1-year high of $321.93. The company has a market capitalization of $7.46 billion, a PE ratio of 16.00 and a beta of 1.25. 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 business's 50-day simple moving average is $227.50 and its 200 day simple moving average is $260.46.

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Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts predict 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. Shareholders of record on Monday, March 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials's dividend payout ratio is presently 7.14%.

Insiders Place Their Bets

In other news, Director Michael R. Nicolais bought 310 shares of Eagle Materials stock in a transaction dated Monday, February 10th. The stock was acquired at an average cost of $257.36 per share, with a total value of $79,781.60. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on EXP. Stephens reiterated an "overweight" rating and issued a $310.00 price objective on shares of Eagle Materials in a report on Thursday, January 30th. Loop Capital lowered their price objective on Eagle Materials from $280.00 to $245.00 and set a "hold" rating on the stock in a research note on Tuesday, April 1st. Stifel Nicolaus began coverage on Eagle Materials in a research note on Tuesday, March 4th. They issued a "hold" rating and a $242.00 target price for the company. Jefferies Financial Group cut shares of Eagle Materials from a "buy" rating to a "hold" rating and lowered their price target for the company from $330.00 to $310.00 in a research report on Monday, December 16th. 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 research report on Thursday, January 30th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Eagle Materials currently has an average rating of "Hold" and a consensus target price of $279.40.

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.