Eagle Materials Inc. (NYSE:EXP) Shares Bought by Highland Capital Management LLC

Highland Capital Management LLC grew its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,820 shares of the construction company’s stock after purchasing an additional 270 shares during the quarter. Highland Capital Management LLC owned approximately 0.10% of Eagle Materials worth $7,063,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Covestor Ltd boosted its stake in Eagle Materials by 77.6% during the 2nd quarter. Covestor Ltd now owns 151 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Eagle Materials by 2.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,793 shares of the construction company’s stock valued at $632,000 after acquiring an additional 74 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Eagle Materials by 0.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 12,674 shares of the construction company’s stock valued at $2,110,000 after acquiring an additional 82 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Eagle Materials by 1.7% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 5,421 shares of the construction company’s stock valued at $1,011,000 after acquiring an additional 92 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its position in shares of Eagle Materials by 31.0% during the 3rd quarter. Harbor Investment Advisory LLC now owns 418 shares of the construction company’s stock valued at $70,000 after acquiring an additional 99 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

EXP has been the topic of several recent research reports. Citigroup boosted their price target on shares of Eagle Materials from $234.00 to $244.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Raymond James boosted their price target on shares of Eagle Materials from $170.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. StockNews.com lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Friday, March 15th. The Goldman Sachs Group boosted their price objective on shares of Eagle Materials from $215.00 to $238.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Stifel Nicolaus boosted their price objective on shares of Eagle Materials from $186.00 to $187.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Eagle Materials has a consensus rating of “Moderate Buy” and a consensus price target of $232.50.

Insider Activity at Eagle Materials

In related news, SVP William R. Devlin sold 2,354 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $214.95, for a total value of $505,992.30. Following the completion of the transaction, the senior vice president now directly owns 24,998 shares of the company’s stock, valued at $5,373,320.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Matt Newby sold 2,940 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $251.15, for a total value of $738,381.00. Following the completion of the sale, the executive vice president now directly owns 21,819 shares of the company’s stock, valued at $5,479,841.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William R. Devlin sold 2,354 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $214.95, for a total value of $505,992.30. Following the completion of the sale, the senior vice president now directly owns 24,998 shares of the company’s stock, valued at $5,373,320.10. The disclosure for this sale can be found here. Insiders sold 19,444 shares of company stock valued at $4,414,889 over the last three months. 1.70% of the stock is owned by corporate insiders.

Eagle Materials Stock Down 0.3 %

EXP stock opened at $269.25 on Thursday. The company’s 50 day moving average price is $243.43 and its 200 day moving average price is $201.50. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 2.61. Eagle Materials Inc. has a fifty-two week low of $135.17 and a fifty-two week high of $272.72. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 19.00 and a beta of 1.34.

Eagle Materials (NYSE:EXP) last released its earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.56 by $0.16. Eagle Materials had a net margin of 22.24% and a return on equity of 40.05%. The firm had revenue of $558.83 million for the quarter, compared to analyst estimates of $537.23 million. On average, equities research analysts anticipate that Eagle Materials Inc. will post 14.26 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Thursday, March 14th. Eagle Materials’s dividend payout ratio (DPR) is 7.06%.

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; 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.