Simplicity Solutions LLC Has $725,000 Position in Eagle Materials Inc. (NYSE:EXP)

Simplicity Solutions LLC lowered its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,573 shares of the construction company’s stock after selling 83 shares during the quarter. Simplicity Solutions LLC’s holdings in Eagle Materials were worth $725,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of EXP. FMR LLC raised its position in shares of Eagle Materials by 41.0% during the third quarter. FMR LLC now owns 2,510,906 shares of the construction company’s stock worth $418,116,000 after purchasing an additional 730,454 shares during the period. William Blair Investment Management LLC raised its position in shares of Eagle Materials by 271.7% during the third quarter. William Blair Investment Management LLC now owns 666,874 shares of the construction company’s stock worth $111,048,000 after purchasing an additional 487,454 shares during the period. Norges Bank acquired a new stake in shares of Eagle Materials during the fourth quarter worth about $60,428,000. Prudential Financial Inc. raised its position in shares of Eagle Materials by 180.3% during the first quarter. Prudential Financial Inc. now owns 470,479 shares of the construction company’s stock worth $60,390,000 after purchasing an additional 302,625 shares during the period. Finally, Invesco Ltd. raised its position in Eagle Materials by 22.8% in the 3rd quarter. Invesco Ltd. now owns 1,097,542 shares of the construction company’s stock valued at $182,763,000 after buying an additional 203,862 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group lifted their target price on Eagle Materials from $238.00 to $273.00 and gave the company a “buy” rating in a research report on Tuesday. Raymond James lifted their target price on Eagle Materials from $170.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Citigroup lifted their target price on Eagle Materials from $244.00 to $311.00 and gave the company a “buy” rating in a research report on Friday, April 5th. StockNews.com lowered Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. lifted their target price on Eagle Materials from $200.00 to $265.00 and gave the company a “neutral” rating in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $257.00.

Insider Transactions at Eagle Materials

In other news, insider Eric Cribbs sold 2,000 shares of Eagle Materials stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $214.66, for a total transaction of $429,320.00. Following the completion of the transaction, the insider now directly owns 15,654 shares in the company, valued at approximately $3,360,287.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Eric Cribbs sold 2,000 shares of Eagle Materials stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $214.66, for a total transaction of $429,320.00. Following the completion of the transaction, the insider now directly owns 15,654 shares in the company, valued at approximately $3,360,287.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $215.60, for a total value of $1,078,000.00. Following the completion of the sale, the chief financial officer now owns 62,610 shares of the company’s stock, valued at $13,498,716. The disclosure for this sale can be found here. In the last three months, insiders sold 19,444 shares of company stock worth $4,414,889. 1.70% of the stock is owned by company insiders.

Eagle Materials Stock Down 1.7 %

EXP stock opened at $244.62 on Thursday. The company has a quick ratio of 1.13, a current ratio of 2.61 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average price of $255.16 and a two-hundred day moving average price of $210.86. The company has a market cap of $8.43 billion, a price-to-earnings ratio of 17.26 and a beta of 1.34. Eagle Materials Inc. has a twelve month low of $143.23 and a twelve month high of $272.72.

Eagle Materials (NYSE:EXP) last issued its earnings results on Thursday, January 25th. The construction company reported $3.72 EPS for the quarter, topping the consensus estimate of $3.56 by $0.16. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. The company had revenue of $558.83 million during the quarter, compared to the consensus estimate of $537.23 million. Analysts anticipate that Eagle Materials Inc. will post 14.29 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. Eagle Materials’s dividend payout ratio is currently 7.06%.

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; 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.