Eagle Materials Inc. (NYSE:EXP) Stock Holdings Decreased by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC reduced its position in Eagle Materials Inc. (NYSE:EXP) by 5.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 29,949 shares of the construction company’s stock after selling 1,656 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Eagle Materials were worth $7,390,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Private Trust Co. NA increased its position in shares of Eagle Materials by 53.0% in the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock worth $51,000 after acquiring an additional 71 shares in the last quarter. R Squared Ltd purchased a new position in Eagle Materials during the fourth quarter valued at approximately $81,000. Smartleaf Asset Management LLC grew its position in Eagle Materials by 10.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company’s stock valued at $140,000 after purchasing an additional 56 shares in the last quarter. GAMMA Investing LLC grew its position in Eagle Materials by 10.6% during the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company’s stock valued at $167,000 after purchasing an additional 65 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in Eagle Materials during the fourth quarter valued at approximately $170,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EXP has been the topic of a number of research analyst reports. Citigroup downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $334.00 to $280.00 in a research report on Monday, January 6th. Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and lowered their price objective for the company from $330.00 to $310.00 in a research report on Monday, December 16th. Loop Capital downgraded 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. JPMorgan Chase & Co. boosted their price objective on shares of Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Finally, 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. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $292.40.

Insider Transactions at Eagle Materials

In other news, Director Michael R. Nicolais acquired 310 shares of Eagle Materials stock in a transaction dated Monday, February 10th. The stock was acquired at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the purchase, the director now owns 3,655 shares of the company’s stock, valued at $940,650.80. This 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 this link. 1.60% of the stock is owned by corporate insiders.

Eagle Materials Stock Performance

EXP stock opened at $213.74 on Monday. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $7.12 billion, a price-to-earnings ratio of 15.27 and a beta of 1.37. Eagle Materials Inc. has a 12 month low of $205.44 and a 12 month high of $321.93. The firm has a 50 day moving average of $240.88 and a two-hundred day moving average of $267.36.

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

Eagle Materials Announces Dividend

The company 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 0.47%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials’s payout ratio is 7.14%.

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.