Eagle Materials Inc. (NYSE:EXP) Holdings Decreased by Delphi Management Inc. MA

Delphi Management Inc. MA reduced its holdings in Eagle Materials Inc. (NYSE:EXP) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,203 shares of the construction company’s stock after selling 542 shares during the period. Delphi Management Inc. MA’s holdings in Eagle Materials were worth $1,284,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new position in Eagle Materials in the 3rd quarter valued at approximately $746,000. KBC Group NV raised its holdings in shares of Eagle Materials by 18.6% during the third quarter. KBC Group NV now owns 965 shares of the construction company’s stock worth $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 third quarter. CIBC Asset Management Inc now owns 1,032 shares of the construction company’s stock valued at $297,000 after purchasing an additional 37 shares during the last quarter. Empowered Funds LLC grew its stake in Eagle Materials by 11.4% in the third quarter. Empowered Funds LLC now owns 2,275 shares of the construction company’s stock valued at $654,000 after purchasing an additional 233 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in Eagle Materials by 11.8% in the 3rd quarter. Natixis Advisors LLC now owns 27,265 shares of the construction company’s stock worth $7,843,000 after purchasing an additional 2,871 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Michael R. Nicolais bought 310 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was bought at an average price 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 approximately $940,650.80. The trade was a 9.27 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus began coverage on Eagle Materials in a report on Tuesday, March 4th. They set a “hold” rating and a $242.00 price target for the company. Citigroup downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $334.00 to $280.00 in a research report on Monday, January 6th. Loop Capital downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a report on Monday, November 25th. JPMorgan Chase & Co. lifted their price objective on shares of Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and lowered their target price for the stock from $330.00 to $310.00 in a research report on Monday, December 16th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $292.40.

Eagle Materials Price Performance

Shares of NYSE:EXP opened at $216.80 on Tuesday. The firm has a market capitalization of $7.22 billion, a PE ratio of 15.49 and a beta of 1.37. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. Eagle Materials Inc. has a 1-year low of $205.44 and a 1-year high of $321.93. The business’s 50 day moving average is $240.34 and its 200-day moving average is $267.09.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 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%. Sell-side analysts predict that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials’s dividend payout ratio (DPR) 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.