Eagle Materials Inc. (NYSE:EXP) Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp increased its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 13.4% in the fourth quarter, Holdings Channel reports. The firm owned 52,787 shares of the construction company’s stock after acquiring an additional 6,225 shares during the period. King Luther Capital Management Corp’s holdings in Eagle Materials were worth $13,026,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted 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 buying an additional 71 shares during the period. R Squared Ltd acquired a new position in Eagle Materials during the 4th quarter worth approximately $81,000. Smartleaf Asset Management LLC lifted its position in Eagle Materials by 10.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company’s stock worth $140,000 after acquiring an additional 56 shares in the last quarter. GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 65 shares during the period. Finally, Venturi Wealth Management LLC acquired a new stake in Eagle Materials in the fourth quarter valued at approximately $170,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Stock Down 2.0 %

NYSE:EXP opened at $211.44 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. The company has a market capitalization of $7.04 billion, a price-to-earnings ratio of 15.10 and a beta of 1.37. Eagle Materials Inc. has a one year low of $205.44 and a one year high of $321.93. The stock has a 50-day simple moving average of $243.03 and a 200 day simple moving average of $268.36.

Eagle Materials (NYSE:EXP) last issued 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%. Sell-side analysts predict that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 0.47%. Eagle Materials’s payout ratio is 7.14%.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, Director Michael R. Nicolais purchased 310 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was acquired at an average cost of $257.36 per share, with a total value of $79,781.60. Following the acquisition, the director now owns 3,655 shares of the company’s stock, valued at approximately $940,650.80. This represents a 9.27 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on EXP. Loop Capital cut shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 target price on the stock. in a research report on Monday, November 25th. DA Davidson cut their price objective on shares of Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Stifel Nicolaus assumed coverage on Eagle Materials in a research note on Tuesday, March 4th. They set a “hold” rating and a $242.00 target price for the company. Stephens reaffirmed an “overweight” rating and set a $310.00 target price on shares of Eagle Materials in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. increased their price target on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $292.40.

Eagle Materials Company 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.