Eagle Materials Inc. (NYSE:EXP) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 78.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,252 shares of the construction company’s stock after acquiring an additional 549 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Eagle Materials were worth $309,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc boosted its stake in shares of Eagle Materials by 3.7% in the third quarter. CIBC Asset Management Inc now owns 1,032 shares of the construction company’s stock valued at $297,000 after purchasing an additional 37 shares during the period. Coldstream Capital Management Inc. boosted its stake in shares of Eagle Materials by 1.4% in the third quarter. Coldstream Capital Management Inc. now owns 2,981 shares of the construction company’s stock valued at $858,000 after purchasing an additional 41 shares during the period. Sprott Inc. boosted its stake in shares of Eagle Materials by 3.0% in the fourth quarter. Sprott Inc. now owns 1,695 shares of the construction company’s stock valued at $418,000 after purchasing an additional 50 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Eagle Materials by 10.9% in the fourth 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 during the period. Finally, National Bank of Canada FI boosted its stake in shares of Eagle Materials by 1.5% in the third quarter. National Bank of Canada FI now owns 3,872 shares of the construction company’s stock valued at $1,114,000 after purchasing an additional 57 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Stock Up 0.3 %

Shares of NYSE:EXP opened at $217.86 on Friday. The company has a market capitalization of $7.25 billion, a PE ratio of 15.56 and a beta of 1.37. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. Eagle Materials Inc. has a twelve month low of $205.44 and a twelve month high of $321.93. The firm has a 50 day simple moving average of $238.68 and a 200-day simple moving average of $265.83.

Eagle Materials (NYSE:EXP) last announced its earnings results on Wednesday, January 29th. The construction company reported $3.59 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%. On average, equities analysts predict that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm 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. The ex-dividend date is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. Eagle Materials’s payout ratio is 7.14%.

Analysts Set New Price Targets

EXP has been the subject of several recent research reports. Stifel Nicolaus initiated coverage on shares of Eagle Materials in a research note on Tuesday, March 4th. They issued a “hold” rating and a $242.00 price objective for the company. Stephens reiterated an “overweight” rating and issued a $310.00 price target on shares of Eagle Materials in a research note on Thursday, January 30th. JPMorgan Chase & Co. decreased their price target on shares of Eagle Materials from $310.00 to $250.00 and set a “neutral” rating for the company in a research note on Wednesday. Citigroup downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $334.00 to $280.00 in a research note on Monday, January 6th. Finally, DA Davidson decreased their price target on shares of Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $286.40.

Insider Activity

In other Eagle Materials news, Director Michael R. Nicolais bought 310 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were acquired at an average cost of $257.36 per share, with a total value of $79,781.60. Following the acquisition, the director now directly owns 3,655 shares of the company’s stock, valued at $940,650.80. The trade was a 9.27 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company’s stock.

Eagle Materials Company 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.