Securian Asset Management Inc. Sells 100 Shares of Eagle Materials Inc. (NYSE:EXP)

Securian Asset Management Inc. lowered its position in Eagle Materials Inc. (NYSE:EXP) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,514 shares of the construction company’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Eagle Materials were worth $620,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EXP. GSA Capital Partners LLP bought a new stake in Eagle Materials during the 3rd quarter valued at $746,000. KBC Group NV boosted its position in Eagle Materials by 18.6% during the 3rd quarter. KBC Group NV now owns 965 shares of the construction company’s stock valued at $278,000 after acquiring an additional 151 shares in the last quarter. CIBC Asset Management Inc boosted its position in Eagle Materials by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 1,032 shares of the construction company’s stock valued at $297,000 after acquiring an additional 37 shares in the last quarter. Empowered Funds LLC boosted its position in Eagle Materials by 11.4% during the 3rd quarter. Empowered Funds LLC now owns 2,275 shares of the construction company’s stock valued at $654,000 after acquiring an additional 233 shares in the last quarter. Finally, Natixis Advisors LLC boosted its position in Eagle Materials by 11.8% during the 3rd quarter. Natixis Advisors LLC now owns 27,265 shares of the construction company’s stock valued at $7,843,000 after acquiring an additional 2,871 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EXP shares. Jefferies Financial Group cut Eagle Materials from a “buy” rating to a “hold” rating and dropped their target price for the company from $330.00 to $310.00 in a research report on Monday, December 16th. Citigroup lowered Eagle Materials from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $334.00 to $280.00 in a report on Monday, January 6th. Stephens reiterated an “overweight” rating and set a $310.00 price objective on shares of Eagle Materials in a report on Thursday, January 30th. JPMorgan Chase & Co. increased their price objective on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Finally, DA Davidson decreased their price objective on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Eagle Materials currently has an average rating of “Hold” and an average target price of $292.40.

Insider Buying and Selling at Eagle Materials

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

Eagle Materials Stock Performance

Shares of EXP stock opened at $213.74 on Monday. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 15.27 and a beta of 1.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The business has a fifty day moving average of $240.88 and a 200 day moving average of $267.36. Eagle Materials Inc. has a 1 year low of $205.44 and a 1 year high of $321.93.

Eagle Materials (NYSE:EXP) last issued its earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. As a group, research analysts expect that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. Eagle Materials’s payout ratio is currently 7.14%.

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.