RD Lewis Holdings Inc. Takes $285,000 Position in Eagle Materials Inc. (NYSE:EXP)

RD Lewis Holdings Inc. bought a new stake in Eagle Materials Inc. (NYSE:EXP) during the 4th quarter, HoldingsChannel reports. The fund bought 1,115 shares of the construction company’s stock, valued at approximately $285,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GSA Capital Partners LLP purchased a new position in Eagle Materials in the 3rd quarter worth about $746,000. KBC Group NV increased its stake in Eagle Materials by 18.6% in the 3rd quarter. KBC Group NV now owns 965 shares of the construction company’s stock worth $278,000 after buying an additional 151 shares during the period. CIBC Asset Management Inc increased its stake in Eagle Materials by 3.7% in the 3rd 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 period. Empowered Funds LLC increased its stake in Eagle Materials by 11.4% in the 3rd quarter. Empowered Funds LLC now owns 2,275 shares of the construction company’s stock worth $654,000 after buying an additional 233 shares during the period. Finally, Natixis Advisors LLC increased its stake 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 buying an additional 2,871 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Eagle Materials Trading Up 1.6 %

Shares of EXP stock opened at $216.80 on Tuesday. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 15.49 and a beta of 1.37. Eagle Materials Inc. has a twelve month low of $205.44 and a twelve month high of $321.93. The company’s 50-day moving average price is $240.34 and its 200-day moving average price is $267.09. 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 results on Wednesday, January 29th. The construction company reported $3.59 earnings per share (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%. As a group, equities analysts predict that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 17th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Monday, March 17th. Eagle Materials’s dividend payout ratio (DPR) is 7.14%.

Insider Activity at Eagle Materials

In other news, Director Michael R. Nicolais acquired 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 completion of the acquisition, the director now owns 3,655 shares of the company’s stock, valued at $940,650.80. The trade was 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 hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Stephens reaffirmed an “overweight” rating and issued a $310.00 price target on shares of Eagle Materials in a research note on Thursday, January 30th. Jefferies Financial Group cut shares of Eagle Materials from a “buy” rating to a “hold” rating and dropped their target price for the stock from $330.00 to $310.00 in a report on Monday, December 16th. 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 report on Monday, November 25th. JPMorgan Chase & Co. increased their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Finally, DA Davidson dropped their target price 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. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.