1,916 Shares in Eagle Materials Inc. (NYSE:EXP) Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC acquired a new position in shares of Eagle Materials Inc. (NYSE:EXP) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,916 shares of the construction company’s stock, valued at approximately $473,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its holdings in Eagle Materials by 78.1% during the third quarter. Barclays PLC now owns 37,948 shares of the construction company’s stock worth $10,915,000 after purchasing an additional 16,645 shares during the last quarter. Baupost Group LLC MA raised its holdings in shares of Eagle Materials by 46.2% in the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock worth $143,904,000 after acquiring an additional 158,171 shares during the last quarter. Advantage Alpha Capital Partners LP acquired a new position in shares of Eagle Materials in the third quarter worth $4,041,000. Natixis Advisors LLC raised its holdings in shares of Eagle Materials by 11.8% in the third quarter. Natixis Advisors LLC now owns 27,265 shares of the construction company’s stock worth $7,843,000 after acquiring an additional 2,871 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Eagle Materials by 242.4% in the fourth quarter. Empowered Funds LLC now owns 7,789 shares of the construction company’s stock worth $1,922,000 after acquiring an additional 5,514 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Eagle Materials

In related news, Director Michael R. Nicolais bought 310 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was bought at an average price of $257.36 per share, with a total value of $79,781.60. Following the completion of the transaction, the director now directly owns 3,655 shares of the company’s stock, valued at approximately $940,650.80. This represents a 9.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.

Eagle Materials Price Performance

EXP stock opened at $217.10 on Friday. The stock has a 50-day moving average price of $239.02 and a two-hundred day moving average price of $266.11. Eagle Materials Inc. has a 12-month low of $205.44 and a 12-month high of $321.93. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. The company has a market cap of $7.23 billion, a PE ratio of 15.51 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last posted its quarterly 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, research analysts predict that Eagle Materials Inc. will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 17th will be given 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%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EXP shares. Loop Capital cut Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target for the company. in a report on Monday, November 25th. DA Davidson cut their price target on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. JPMorgan Chase & Co. cut their price target on Eagle Materials from $310.00 to $250.00 and set a “neutral” rating for the company in a report on Wednesday. Stifel Nicolaus initiated coverage on Eagle Materials in a report on Tuesday, March 4th. They issued a “hold” rating and a $242.00 price target for the company. Finally, Citigroup downgraded Eagle Materials from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $334.00 to $280.00 in a research report on Monday, January 6th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $286.40.

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.