Eagle Materials Inc. (NYSE:EXP) Position Lessened by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. trimmed its position in shares of Eagle Materials Inc. (NYSE:EXP) by 2.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,545 shares of the construction company’s stock after selling 53 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Eagle Materials were worth $628,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EXP. Capital Performance Advisors LLP acquired a new position in Eagle Materials during the third quarter worth $64,000. R Squared Ltd acquired a new position in Eagle Materials during the fourth quarter worth $81,000. GAMMA Investing LLC increased its position in Eagle Materials by 10.6% during the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company’s stock worth $167,000 after buying an additional 65 shares during the last quarter. Harvest Fund Management Co. Ltd increased its position in Eagle Materials by 789.9% during the third quarter. Harvest Fund Management Co. Ltd now owns 703 shares of the construction company’s stock worth $202,000 after buying an additional 624 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in Eagle Materials during the third quarter worth $206,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Trading Up 0.8 %

Shares of EXP opened at $252.47 on Friday. Eagle Materials Inc. has a 12-month low of $211.44 and a 12-month high of $321.93. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $8.40 billion, a price-to-earnings ratio of 18.03 and a beta of 1.37. The stock’s 50-day moving average price is $254.52 and its 200 day moving average price is $271.02.

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 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%. As a group, research analysts predict that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently disclosed 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials’s payout ratio is 7.14%.

Wall Street Analysts Forecast Growth

Several research firms have commented on EXP. DA Davidson lowered their target price on shares of Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Stephens reaffirmed an “overweight” rating and issued a $310.00 price target on shares of Eagle Materials in a research report on Thursday, January 30th. Loop Capital lowered Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research note on Monday, November 25th. The Goldman Sachs Group lifted their price objective on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group lowered Eagle Materials from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Eagle Materials currently has an average rating of “Hold” and an average target price of $296.80.

Insider Buying and Selling at Eagle Materials

In related news, Director Michael R. Nicolais acquired 310 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were bought 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. This trade represents a 9.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Haack sold 11,888 shares of Eagle Materials stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value of $3,691,224.00. Following the sale, the chief executive officer now directly owns 85,811 shares in the company, valued at $26,644,315.50. The trade was a 12.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

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.