AGF Management Ltd. Has $14.71 Million Position in Eagle Materials Inc. (NYSE:EXP)

AGF Management Ltd. lifted its position in shares of Eagle Materials Inc. (NYSE:EXP) by 2.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,599 shares of the construction company’s stock after buying an additional 1,361 shares during the quarter. AGF Management Ltd.’s holdings in Eagle Materials were worth $14,707,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Private Trust Co. NA raised its stake in Eagle Materials by 53.0% in the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock valued at $51,000 after purchasing an additional 71 shares in the last quarter. R Squared Ltd acquired a new position in shares of Eagle Materials in the 4th quarter valued at approximately $81,000. Smartleaf Asset Management LLC lifted its holdings in shares of 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 during the period. GAMMA Investing LLC boosted its position in shares of Eagle Materials by 10.6% during 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 in the last quarter. Finally, Venturi Wealth Management LLC bought a new position in Eagle Materials in the fourth quarter valued at approximately $170,000. 96.07% of the stock is owned by institutional investors.

Eagle Materials Stock Down 2.0 %

EXP opened at $211.44 on Wednesday. The company has a market cap of $7.04 billion, a P/E ratio of 15.10 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 business’s 50-day moving average price is $243.03 and its 200-day moving average price is $268.36. 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 (NYSE:EXP) last issued its quarterly earnings data 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 net margin of 20.91% and a return on equity of 34.14%. On average, equities analysts expect that Eagle Materials Inc. will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

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. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. Eagle Materials’s dividend payout ratio (DPR) is 7.14%.

Analysts Set New Price Targets

Several analysts recently weighed in on EXP shares. JPMorgan Chase & Co. upped their price objective on Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Stephens reiterated an “overweight” rating and issued a $310.00 price target on shares of Eagle Materials in a research note on Thursday, January 30th. DA Davidson reduced their price objective on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Jefferies Financial Group downgraded 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 note on Monday, December 16th. Finally, Loop Capital downgraded Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 target price on the stock. in a report on Monday, November 25th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $292.40.

Insider Buying and Selling

In related news, Director Michael R. Nicolais bought 310 shares of the firm’s stock in a transaction on 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 purchase, the director now owns 3,655 shares in the company, valued at approximately $940,650.80. This represents a 9.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by insiders.

About Eagle Materials

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.