Park Avenue Securities LLC Boosts Stock Position in Eagle Materials Inc. (NYSE:EXP)

Park Avenue Securities LLC grew its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 12.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,821 shares of the construction company’s stock after purchasing an additional 427 shares during the quarter. Park Avenue Securities LLC’s holdings in Eagle Materials were worth $943,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. CIBC Asset Management Inc increased its holdings 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 worth $297,000 after buying an additional 37 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in Eagle Materials by 1.4% in the third quarter. Coldstream Capital Management Inc. now owns 2,981 shares of the construction company’s stock valued at $858,000 after acquiring an additional 41 shares during the last quarter. Financial Strategies Group Inc. grew its position in shares of Eagle Materials by 4.4% during the 3rd quarter. Financial Strategies Group Inc. now owns 1,022 shares of the construction company’s stock valued at $304,000 after acquiring an additional 43 shares during the period. National Bank of Canada FI increased its stake in shares of Eagle Materials by 1.5% during the 3rd quarter. National Bank of Canada FI now owns 3,872 shares of the construction company’s stock worth $1,114,000 after purchasing an additional 57 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Eagle Materials by 10.6% in the 4th quarter. GAMMA Investing LLC now owns 676 shares of the construction company’s stock worth $167,000 after purchasing an additional 65 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Eagle Materials news, Director Richard Ross Stewart sold 3,577 shares of Eagle Materials stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the completion of the sale, the director now directly owns 1,100 shares in the company, valued at $330,330. The trade was a 76.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Tony Thompson sold 1,401 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the completion of the transaction, the senior vice president now directly owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. This represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,866 shares of company stock worth $5,205,311 over the last ninety days. 1.60% of the stock is owned by corporate insiders.

Eagle Materials Trading Up 0.9 %

Shares of EXP opened at $256.82 on Tuesday. The business’s 50-day moving average price is $273.24 and its 200-day moving average price is $268.15. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. Eagle Materials Inc. has a twelve month low of $198.89 and a twelve month high of $321.93. The stock has a market cap of $8.61 billion, a PE ratio of 18.14 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.44). The firm had revenue of $623.62 million during the quarter, compared to analysts’ expectations of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.28 earnings per share. On average, equities analysts forecast that Eagle Materials Inc. will post 15.11 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Monday, December 16th. Eagle Materials’s dividend payout ratio is 7.06%.

Analyst Upgrades and Downgrades

EXP has been the subject of several research reports. Loop Capital lowered Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a report on Monday, November 25th. Citigroup downgraded Eagle Materials from a “buy” rating to a “neutral” rating and cut their price target for the stock from $334.00 to $280.00 in a research note on Monday, January 6th. The Goldman Sachs Group boosted their price objective on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and cut their target price for the stock from $330.00 to $310.00 in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. boosted their price target 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. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $301.44.

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.