Insight 2811 Inc. Sells 100 Shares of Eagle Materials Inc. (NYSE:EXP)

Insight 2811 Inc. lowered its position in Eagle Materials Inc. (NYSE:EXP) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,650 shares of the construction company’s stock after selling 100 shares during the quarter. Insight 2811 Inc.’s holdings in Eagle Materials were worth $654,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC raised its stake in Eagle Materials by 30.1% in the third quarter. FMR LLC now owns 3,801,257 shares of the construction company’s stock valued at $1,093,432,000 after buying an additional 878,400 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Eagle Materials by 60.3% during the 3rd 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. Baupost Group LLC MA raised its stake in Eagle Materials by 46.2% in the 3rd quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock valued at $143,904,000 after acquiring an additional 158,171 shares during the period. Raymond James Financial Inc. bought a new stake in Eagle Materials in the 4th quarter valued at $38,115,000. Finally, World Investment Advisors LLC acquired a new stake in Eagle Materials during the 3rd quarter valued at $34,846,000. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Trading Up 4.6 %

Shares of NYSE:EXP opened at $228.11 on Tuesday. The business’s 50 day simple moving average is $238.45 and its 200 day simple moving average is $266.08. Eagle Materials Inc. has a 1 year low of $205.44 and a 1 year high of $321.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The company has a market capitalization of $7.59 billion, a P/E ratio of 16.29 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last released its earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share for the quarter, missing analysts’ consensus estimates 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, research analysts anticipate that Eagle Materials Inc. will post 14.39 EPS for the current fiscal 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 $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date is Monday, March 17th. Eagle Materials’s dividend payout ratio is currently 7.14%.

Insider Activity

In other news, Director Michael R. Nicolais acquired 310 shares of the firm’s stock in a transaction that occurred on 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 completion of the purchase, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

EXP has been the topic of several research analyst reports. Citigroup lowered shares of Eagle Materials from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $334.00 to $280.00 in a research report on Monday, January 6th. Stifel Nicolaus began coverage on shares of Eagle Materials in a report on Tuesday, March 4th. They issued a “hold” rating and a $242.00 price target on the stock. Loop Capital downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a research report on Monday, November 25th. DA Davidson decreased their target price 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. Finally, Jefferies Financial Group lowered Eagle Materials from a “buy” rating to a “hold” rating and lowered their target price for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $286.40.

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.