Eagle Materials Inc. (NYSE:EXP) Stock Holdings Decreased by DF Dent & Co. Inc.

DF Dent & Co. Inc. lessened its position in Eagle Materials Inc. (NYSE:EXP) by 3.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 128,385 shares of the construction company’s stock after selling 4,603 shares during the quarter. DF Dent & Co. Inc. owned approximately 0.39% of Eagle Materials worth $31,680,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Private Trust Co. NA raised its stake in Eagle Materials by 53.0% during the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock valued at $51,000 after purchasing an additional 71 shares during the period. Huntington National Bank grew its holdings in shares of Eagle Materials by 154.8% during the fourth quarter. Huntington National Bank now owns 237 shares of the construction company’s stock valued at $58,000 after buying an additional 144 shares in the last quarter. R Squared Ltd acquired a new position in Eagle Materials during the fourth quarter valued at $81,000. Smartleaf Asset Management LLC lifted its stake in Eagle Materials by 10.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company’s stock worth $140,000 after acquiring an additional 56 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Eagle Materials by 10.6% during the 4th quarter. GAMMA Investing LLC now owns 676 shares of the construction company’s stock valued at $167,000 after acquiring an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on EXP. Stifel Nicolaus assumed coverage on shares of Eagle Materials in a report on Tuesday, March 4th. They set a “hold” rating and a $242.00 price target for the company. Stephens reissued an “overweight” rating and set a $310.00 target price on shares of Eagle Materials in a research note on Thursday, January 30th. Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and dropped their price target for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. Citigroup cut Eagle Materials from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $334.00 to $280.00 in a research report on Monday, January 6th. Finally, Loop Capital dropped their target price on Eagle Materials from $280.00 to $245.00 and set a “hold” rating on the stock in a research report on Tuesday. Eight 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.com, the company presently has an average rating of “Hold” and a consensus price target of $279.40.

Eagle Materials Stock Performance

Shares of NYSE EXP opened at $234.98 on Thursday. The business’s 50-day simple moving average is $234.66 and its 200-day simple moving average is $264.67. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. Eagle Materials Inc. has a 52 week low of $205.44 and a 52 week high of $321.93. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 16.78 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last announced 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 net margin of 20.91% and a return on equity of 34.14%. As a group, equities research analysts expect that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Monday, March 17th. Eagle Materials’s dividend payout ratio is 7.14%.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, Director Michael R. Nicolais purchased 310 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was bought at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the acquisition, the director now directly owns 3,655 shares in the company, valued at $940,650.80. This represents a 9.27 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

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.