RBA Wealth Management LLC Purchases 214 Shares of Eagle Materials Inc. (NYSE:EXP)

RBA Wealth Management LLC increased its position in shares of Eagle Materials Inc. (NYSE:EXP) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,891 shares of the construction company’s stock after purchasing an additional 214 shares during the quarter. Eagle Materials makes up about 2.1% of RBA Wealth Management LLC’s holdings, making the stock its 15th biggest position. RBA Wealth Management LLC’s holdings in Eagle Materials were worth $5,402,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Trust Point Inc. grew its position in Eagle Materials by 28.2% during the fourth quarter. Trust Point Inc. now owns 2,863 shares of the construction company’s stock valued at $706,000 after buying an additional 630 shares during the period. Hodges Capital Management Inc. lifted its position in shares of Eagle Materials by 11.2% during the fourth quarter. Hodges Capital Management Inc. now owns 180,820 shares of the construction company’s stock valued at $44,619,000 after buying an additional 18,212 shares during the last quarter. Financial Strategies Group Inc. increased its holdings in Eagle Materials by 28.2% in the 4th quarter. Financial Strategies Group Inc. now owns 1,310 shares of the construction company’s stock worth $308,000 after buying an additional 288 shares during the period. Riggs Asset Managment Co. Inc. grew its stake in Eagle Materials by 1.5% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 5,646 shares of the construction company’s stock valued at $1,392,000 after acquiring an additional 82 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new position in Eagle Materials in the 4th quarter valued at $8,411,000. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Performance

NYSE EXP opened at $253.57 on Tuesday. Eagle Materials Inc. has a 52-week low of $211.44 and a 52-week high of $321.93. The company has a 50-day simple moving average of $263.55 and a 200 day simple moving average of $270.46. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. The company has a market capitalization of $8.44 billion, a PE ratio of 18.11 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last released its 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%. On average, research analysts predict that Eagle Materials Inc. will post 14.6 EPS for the current year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 16th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Monday, December 16th. Eagle Materials’s dividend payout ratio is presently 7.14%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EXP. JPMorgan Chase & Co. boosted their price objective on Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. DA Davidson reduced their price objective on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Loop Capital downgraded Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a report on Monday, November 25th. Jefferies Financial Group downgraded Eagle Materials from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $330.00 to $310.00 in a report on Monday, December 16th. Finally, Citigroup lowered 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 report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $296.80.

Insider Buying and Selling at Eagle Materials

In other news, SVP Tony Thompson sold 1,401 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the transaction, the senior vice president now owns 13,212 shares in the company, valued at $4,148,568. This trade represents a 9.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard Ross Stewart sold 3,577 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total value of $1,074,173.10. Following the completion of the transaction, the director now owns 1,100 shares in the company, valued at $330,330. The trade was a 76.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,866 shares of company stock worth $5,205,311 over the last quarter. Insiders own 1.60% of the company’s stock.

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.