12th Street Asset Management Company LLC Boosts Stock Position in Eagle Materials Inc. (NYSE:EXP)

12th Street Asset Management Company LLC increased its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 3.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 42,065 shares of the construction company’s stock after purchasing an additional 1,511 shares during the period. Eagle Materials makes up approximately 1.7% of 12th Street Asset Management Company LLC’s investment portfolio, making the stock its 22nd largest position. 12th Street Asset Management Company LLC owned 0.13% of Eagle Materials worth $10,380,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Atria Investments Inc increased its holdings in shares of Eagle Materials by 6.1% in the 3rd quarter. Atria Investments Inc now owns 5,922 shares of the construction company’s stock valued at $1,704,000 after acquiring an additional 338 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Eagle Materials by 25.1% during the third quarter. Crossmark Global Holdings Inc. now owns 2,748 shares of the construction company’s stock worth $790,000 after purchasing an additional 552 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Eagle Materials in the third quarter worth $920,000. GSA Capital Partners LLP purchased a new position in Eagle Materials in the 3rd quarter valued at about $746,000. Finally, KBC Group NV grew its holdings in shares of Eagle Materials by 18.6% during the third quarter. KBC Group NV now owns 965 shares of the construction company’s stock worth $278,000 after buying an additional 151 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Eagle Materials

In other news, Director Michael R. Nicolais bought 310 shares of the firm’s stock in a transaction on 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 approximately $940,650.80. This represents a 9.27 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

Eagle Materials Trading Down 1.0 %

NYSE EXP opened at $207.52 on Friday. The business’s 50-day moving average price is $242.29 and its two-hundred day moving average price is $267.95. Eagle Materials Inc. has a 12 month low of $205.44 and a 12 month high of $321.93. The firm has a market capitalization of $6.91 billion, a PE ratio of 14.82 and a beta of 1.37. 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 released its quarterly 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, analysts expect that Eagle Materials Inc. will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.48%. Eagle Materials’s payout ratio is currently 7.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group cut Eagle Materials from a “buy” rating to a “hold” rating and decreased their price objective 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 price target on the stock. in a report on Monday, November 25th. Stephens reiterated an “overweight” rating and issued a $310.00 target price on shares of Eagle Materials in a research note on Thursday, January 30th. Citigroup cut Eagle Materials from a “buy” rating to a “neutral” rating and lowered their target price for the company from $334.00 to $280.00 in a research report on Monday, January 6th. Finally, Stifel Nicolaus initiated coverage on Eagle Materials in a research note on Tuesday, March 4th. They issued a “hold” rating and a $242.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $292.40.

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.