Davidson Capital Management Inc. Buys 335 Shares of Eagle Materials Inc. (NYSE:EXP)

Davidson Capital Management Inc. grew its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,066 shares of the construction company’s stock after purchasing an additional 335 shares during the quarter. Davidson Capital Management Inc.’s holdings in Eagle Materials were worth $3,224,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC raised its position in Eagle Materials by 78.1% during the 3rd quarter. Barclays PLC now owns 37,948 shares of the construction company’s stock valued at $10,915,000 after purchasing an additional 16,645 shares during the last quarter. Ausbil Investment Management Ltd increased its stake in shares of Eagle Materials by 400.3% during the third quarter. Ausbil Investment Management Ltd now owns 12,978 shares of the construction company’s stock valued at $3,733,000 after buying an additional 10,384 shares during the period. Baupost Group LLC MA raised its holdings in shares of Eagle Materials by 46.2% during the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock valued at $143,904,000 after acquiring an additional 158,171 shares in the last quarter. Entropy Technologies LP purchased a new stake in Eagle Materials in the third quarter worth $920,000. Finally, Natixis Advisors LLC lifted its stake in 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 period. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Performance

Shares of EXP opened at $254.99 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The stock has a market cap of $8.49 billion, a P/E ratio of 18.21 and a beta of 1.37. The business’s 50 day moving average price is $257.51 and its 200-day moving average price is $271.31. Eagle Materials Inc. has a 52 week low of $211.44 and a 52 week high of $321.93.

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 return on equity of 34.14% and a net margin of 20.91%. Equities research analysts anticipate that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Monday, March 17th. Eagle Materials’s payout ratio is 7.14%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EXP. Loop Capital downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research report on Monday, November 25th. DA Davidson reduced their price target on shares of Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Jefferies Financial Group lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $330.00 to $310.00 in a report on Monday, December 16th. The Goldman Sachs Group lifted their price objective on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their target price on Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $296.80.

Insider Activity at Eagle Materials

In related news, Director Richard Ross Stewart sold 3,577 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total value of $1,074,173.10. Following the transaction, the director now directly owns 1,100 shares of the company’s stock, valued at approximately $330,330. This represents a 76.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Haack sold 11,888 shares of Eagle Materials stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total value of $3,691,224.00. Following the completion of the sale, the chief executive officer now directly owns 85,811 shares of the company’s stock, valued at approximately $26,644,315.50. The trade was a 12.17 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

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.