BlackDiamond Wealth Management LLC Has $323,000 Holdings in Eagle Materials Inc. (NYSE:EXP)

BlackDiamond Wealth Management LLC trimmed its stake in Eagle Materials Inc. (NYSE:EXP) by 26.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,308 shares of the construction company’s stock after selling 466 shares during the period. BlackDiamond Wealth Management LLC’s holdings in Eagle Materials were worth $323,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. FMR LLC boosted its position in shares of Eagle Materials by 30.1% during the 3rd quarter. FMR LLC now owns 3,801,257 shares of the construction company’s stock worth $1,093,432,000 after purchasing an additional 878,400 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Eagle Materials by 60.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company’s stock valued at $499,111,000 after buying an additional 652,836 shares in the last quarter. Geode Capital Management LLC grew its stake in Eagle Materials by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 707,607 shares of the construction company’s stock valued at $203,585,000 after buying an additional 23,911 shares in the last quarter. Baupost Group LLC MA boosted its holdings in Eagle Materials by 46.2% in the 3rd quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock valued at $143,904,000 after purchasing an additional 158,171 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in Eagle Materials by 2.7% in the 3rd quarter. Captrust Financial Advisors now owns 349,756 shares of the construction company’s stock valued at $100,607,000 after purchasing an additional 9,216 shares during the period. Institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling

In other Eagle Materials news, Director Michael R. Nicolais acquired 310 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average price of $257.36 per share, with a total value of $79,781.60. Following the completion of the purchase, the director now directly owns 3,655 shares of the company’s stock, valued at approximately $940,650.80. The trade was a 9.27 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.

Eagle Materials Price Performance

Shares of NYSE EXP opened at $216.80 on Tuesday. Eagle Materials Inc. has a 1 year low of $205.44 and a 1 year high of $321.93. 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 company’s 50-day moving average is $240.34 and its 200 day moving average is $267.09. The stock has a market capitalization of $7.22 billion, a P/E ratio of 15.49 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results 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 net margin of 20.91% and a return on equity of 34.14%. On average, sell-side analysts expect 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. Investors of record on Monday, March 17th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials’s payout ratio is currently 7.14%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on EXP shares. Stifel Nicolaus assumed coverage on shares of Eagle Materials in a report on Tuesday, March 4th. They set a “hold” rating and a $242.00 price objective for the company. Citigroup cut shares of 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 research report on Monday, January 6th. Loop Capital cut 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. Jefferies Financial Group cut shares of Eagle Materials from a “buy” rating to a “hold” rating and decreased their price objective for the company from $330.00 to $310.00 in a research report on Monday, December 16th. Finally, Stephens restated an “overweight” rating and issued a $310.00 price objective on shares of Eagle Materials in a research report on Thursday, January 30th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $292.40.

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.