12th Street Asset Management Company LLC Acquires 1,511 Shares of Eagle Materials Inc. (NYSE:EXP)

12th Street Asset Management Company LLC grew its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 42,065 shares of the construction company’s stock after acquiring an additional 1,511 shares during the period. Eagle Materials accounts for about 1.7% of 12th Street Asset Management Company LLC’s investment portfolio, making the stock its 22nd biggest holding. 12th Street Asset Management Company LLC’s holdings in Eagle Materials were worth $10,380,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Trust Co. NA boosted its stake in Eagle Materials by 53.0% in the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock worth $51,000 after purchasing an additional 71 shares in the last quarter. R Squared Ltd acquired a new position in shares of Eagle Materials during the 4th quarter worth approximately $81,000. Smartleaf Asset Management LLC boosted its stake in shares of Eagle Materials by 10.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company’s stock worth $140,000 after acquiring an additional 56 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Eagle Materials by 10.6% in 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 last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Eagle Materials in the fourth quarter valued at approximately $170,000. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

EXP has been the topic of a number of research reports. Jefferies Financial Group lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and reduced their target price for the stock from $330.00 to $310.00 in a report on Monday, December 16th. Stephens restated an “overweight” rating and issued a $310.00 target price on shares of Eagle Materials in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. DA Davidson decreased their price target on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Finally, Loop Capital lowered Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a report on Monday, November 25th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Eagle Materials currently has an average rating of “Hold” and an average target price of $292.40.

Eagle Materials Price Performance

Shares of Eagle Materials stock opened at $207.52 on Friday. The company has a market cap of $6.91 billion, a PE ratio of 14.82 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 firm has a fifty day moving average price of $242.29 and a two-hundred day moving average price of $267.95. Eagle Materials Inc. has a fifty-two week low of $205.44 and a fifty-two week high of $321.93.

Eagle Materials (NYSE:EXP) last announced 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%. Analysts expect that Eagle Materials Inc. will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.14%.

Insiders Place Their Bets

In related news, Director Michael R. Nicolais acquired 310 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were bought at an average cost of $257.36 per share, with a total value of $79,781.60. Following the completion of the transaction, the director now directly owns 3,655 shares of the company’s stock, valued at $940,650.80. This trade represents a 9.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

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.