Eagle Materials Inc. (NYSE:EXP) Position Cut by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc reduced its holdings in Eagle Materials Inc. (NYSE:EXP) by 12.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,250 shares of the construction company’s stock after selling 1,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Eagle Materials were worth $1,770,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in Eagle Materials during the 3rd quarter valued at about $64,000. R Squared Ltd acquired a new position in shares of Eagle Materials during the 4th quarter valued at $81,000. GAMMA Investing LLC grew its holdings in Eagle Materials by 10.6% during the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company’s stock worth $167,000 after acquiring an additional 65 shares during the period. Venturi Wealth Management LLC acquired a new stake in Eagle Materials in the 4th quarter valued at about $170,000. Finally, Central Pacific Bank Trust Division boosted its position in shares of Eagle Materials by 20.6% during the 4th quarter. Central Pacific Bank Trust Division now owns 760 shares of the construction company’s stock valued at $188,000 after purchasing an additional 130 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Trading Up 0.4 %

Shares of NYSE:EXP opened at $228.59 on Thursday. 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 stock’s 50-day moving average is $248.53 and its 200-day moving average is $270.22. The company has a market cap of $7.61 billion, a P/E ratio of 16.33 and a beta of 1.37. Eagle Materials Inc. has a 52-week low of $211.44 and a 52-week high of $321.93.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 earnings per share (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 predict that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders 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 dividend yield of 0.44%. The ex-dividend date is Monday, March 17th. Eagle Materials’s dividend payout ratio is 7.14%.

Insiders Place Their Bets

In other Eagle Materials news, Director Michael R. Nicolais bought 310 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were bought at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the acquisition, the director now owns 3,655 shares of the company’s stock, valued at approximately $940,650.80. This trade represents a 9.27 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

EXP has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Citigroup lowered Eagle Materials from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $334.00 to $280.00 in a research report on Monday, January 6th. Loop Capital downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a research note on Monday, November 25th. Stephens reaffirmed an “overweight” rating and set a $310.00 price objective on shares of Eagle Materials in a research report on Thursday, January 30th. Finally, Jefferies Financial Group lowered 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. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $296.80.

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.