Tectonic Advisors LLC Increases Stake in Eagle Materials Inc. (NYSE:EXP)

Tectonic Advisors LLC boosted its holdings in Eagle Materials Inc. (NYSE:EXP) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,594 shares of the construction company’s stock after purchasing an additional 162 shares during the quarter. Tectonic Advisors LLC’s holdings in Eagle Materials were worth $2,121,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Squarepoint Ops LLC purchased a new stake in shares of Eagle Materials during the second quarter valued at approximately $805,000. Millennium Management LLC increased its stake in shares of Eagle Materials by 1,433.5% in the second quarter. Millennium Management LLC now owns 15,320 shares of the construction company’s stock worth $3,331,000 after purchasing an additional 14,321 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Eagle Materials in the second quarter worth $523,000. GAMMA Investing LLC grew its stake in Eagle Materials by 29.7% during the third quarter. GAMMA Investing LLC now owns 611 shares of the construction company’s stock valued at $176,000 after acquiring an additional 140 shares in the last quarter. Finally, Fulton Bank N.A. purchased a new position in Eagle Materials during the third quarter valued at $204,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Performance

NYSE:EXP opened at $253.28 on Wednesday. Eagle Materials Inc. has a fifty-two week low of $211.44 and a fifty-two week high of $321.93. The stock has a market capitalization of $8.43 billion, a PE ratio of 18.09 and a beta of 1.37. The company has a fifty day moving average of $262.42 and a two-hundred day moving average of $270.62. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76.

Eagle Materials (NYSE:EXP) last announced its earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share 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%. As a group, research analysts forecast that Eagle Materials Inc. will post 14.6 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 16th were given a dividend of $0.25 per share. The ex-dividend date was Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.39%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.14%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EXP shares. The Goldman Sachs Group lifted their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Citigroup lowered shares of Eagle Materials from a “buy” rating to a “neutral” rating and reduced their price target for the company from $334.00 to $280.00 in a report on Monday, January 6th. Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and cut their price objective for the stock from $330.00 to $310.00 in a research report on Monday, December 16th. 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 research report on Wednesday, November 27th. Finally, Stephens restated an “overweight” rating and set a $310.00 price objective on shares of Eagle Materials in a research note on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Eagle Materials presently has a consensus rating of “Hold” and a consensus target price of $296.80.

Insider Activity at Eagle Materials

In other news, Director Richard Ross Stewart sold 3,577 shares of Eagle Materials stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the completion of the transaction, the director now owns 1,100 shares of the company’s stock, valued at $330,330. The trade was a 76.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael Haack sold 11,888 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the completion of the transaction, the chief executive officer now directly owns 85,811 shares of the company’s stock, valued at $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.