Edgestream Partners L.P. Has $1.53 Million Position in Eagle Materials Inc. (NYSE:EXP)

Edgestream Partners L.P. increased its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 765.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,205 shares of the construction company’s stock after acquiring an additional 5,488 shares during the quarter. Edgestream Partners L.P.’s holdings in Eagle Materials were worth $1,531,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in EXP. FMR LLC increased its position in Eagle Materials by 30.1% in the 3rd quarter. FMR LLC now owns 3,801,257 shares of the construction company’s stock worth $1,093,432,000 after buying an additional 878,400 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Eagle Materials by 60.3% in the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company’s stock worth $499,111,000 after acquiring an additional 652,836 shares during the last quarter. Geode Capital Management LLC increased its position in Eagle Materials by 3.5% during the third quarter. Geode Capital Management LLC now owns 707,607 shares of the construction company’s stock worth $203,585,000 after acquiring an additional 23,911 shares during the period. Baupost Group LLC MA increased its position in Eagle Materials by 46.2% during the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock worth $143,904,000 after acquiring an additional 158,171 shares during the period. Finally, Captrust Financial Advisors raised its stake in Eagle Materials by 2.7% during the 3rd quarter. Captrust Financial Advisors now owns 349,756 shares of the construction company’s stock valued at $100,607,000 after purchasing an additional 9,216 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Price Performance

Shares of EXP stock opened at $216.21 on Tuesday. The stock’s fifty day simple moving average is $243.74 and its 200 day simple moving average is $268.75. Eagle Materials Inc. has a one year low of $205.44 and a one year high of $321.93. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 15.44 and a beta of 1.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01.

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 net margin of 20.91% and a return on equity of 34.14%. On average, analysts expect that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently disclosed 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 of this dividend is Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 0.46%. Eagle Materials’s dividend payout ratio is 7.14%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EXP shares. Jefferies Financial Group lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and decreased their price target for the stock from $330.00 to $310.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. lifted their target price on Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. DA Davidson cut their price target on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Citigroup downgraded Eagle Materials from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $334.00 to $280.00 in a research report on Monday, January 6th. Finally, Stifel Nicolaus began coverage on Eagle Materials in a research report on Tuesday, March 4th. They set a “hold” rating and a $242.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $292.40.

Insiders Place Their Bets

In other Eagle Materials news, Director Michael R. Nicolais bought 310 shares of Eagle Materials stock in a transaction dated Monday, February 10th. The shares were acquired at an average cost of $257.36 per share, with a total value of $79,781.60. Following the acquisition, the director now directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company’s stock.

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.