Eagle Materials Inc. (NYSE:EXP) Shares Sold by Versor Investments LP

Versor Investments LP lowered its position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 60.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,790 shares of the construction company's stock after selling 2,702 shares during the period. Versor Investments LP's holdings in Eagle Materials were worth $442,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. FMR LLC boosted its position in shares of Eagle Materials by 30.1% during the 3rd quarter. FMR LLC now owns 3,801,257 shares of the construction company's stock worth $1,093,432,000 after acquiring an additional 878,400 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Eagle Materials by 60.3% in the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company's stock valued at $499,111,000 after purchasing an additional 652,836 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Eagle Materials by 3.5% in the third quarter. Geode Capital Management LLC now owns 707,607 shares of the construction company's stock valued at $203,585,000 after purchasing an additional 23,911 shares in the last quarter. Baupost Group LLC MA increased its stake in Eagle Materials by 46.2% in the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company's stock valued at $143,904,000 after purchasing an additional 158,171 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in Eagle Materials by 2.7% during the third quarter. Captrust Financial Advisors now owns 349,756 shares of the construction company's stock worth $100,607,000 after purchasing an additional 9,216 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

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Analysts Set New Price Targets

EXP has been the subject of several research analyst reports. DA Davidson lowered their target price on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Stephens restated an "overweight" rating and issued a $310.00 price objective on shares of Eagle Materials in a research note on Thursday, January 30th. JPMorgan Chase & Co. lifted their target price on Eagle Materials from $290.00 to $310.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 27th. Stifel Nicolaus initiated coverage on Eagle Materials in a research report on Tuesday. They issued a "hold" rating and a $242.00 target price for the company. Finally, Loop Capital downgraded Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price target on the stock. in a research note on Monday, November 25th. 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 has an average rating of "Hold" and an average target price of $292.40.

Insider Transactions at Eagle Materials

In other news, Director Michael R. Nicolais acquired 310 shares of Eagle Materials stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the transaction, the director now directly owns 3,655 shares in the company, valued at approximately $940,650.80. This trade represents a 9.27 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company's stock.

Eagle Materials Stock Performance

EXP traded down $1.80 on Thursday, hitting $219.09. 193,918 shares of the company traded hands, compared to its average volume of 336,152. The company has a 50 day moving average of $245.68 and a 200-day moving average of $269.37. Eagle Materials Inc. has a 12-month low of $208.02 and a 12-month high of $321.93. The stock has a market capitalization of $7.29 billion, a PE ratio of 15.65 and a beta of 1.37. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings results 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%. Sell-side analysts anticipate that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials's payout ratio is 7.14%.

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.