Eagle Materials Inc. (NYSE:EXP) Shares Sold by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC decreased its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,949 shares of the construction company’s stock after selling 1,656 shares during the period. Horizon Kinetics Asset Management LLC owned 0.09% of Eagle Materials worth $7,390,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in EXP. Private Trust Co. NA boosted its stake in shares of Eagle Materials by 53.0% in the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock valued at $51,000 after purchasing an additional 71 shares during the period. R Squared Ltd purchased a new position in shares of Eagle Materials in the fourth quarter valued at $81,000. Smartleaf Asset Management LLC boosted its stake in shares of Eagle Materials by 10.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company’s stock valued at $140,000 after purchasing an additional 56 shares during the period. GAMMA Investing LLC boosted its stake in shares of Eagle Materials by 10.6% in the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company’s stock valued at $167,000 after purchasing an additional 65 shares during the period. Finally, Venturi Wealth Management LLC bought a new position in Eagle Materials during the 4th quarter valued at $170,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Trading Up 3.0 %

Shares of NYSE:EXP opened at $213.74 on Monday. The company has a market cap of $7.12 billion, a PE ratio of 15.27 and a beta of 1.37. The company’s 50-day moving average price is $240.88 and its 200 day moving average price is $267.36. Eagle Materials Inc. has a fifty-two week low of $205.44 and a fifty-two week 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.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. Sell-side analysts anticipate that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. Eagle Materials’s dividend payout ratio (DPR) is 7.14%.

Insiders Place Their Bets

In other Eagle Materials news, Director Michael R. Nicolais bought 310 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average cost of $257.36 per share, for a total transaction 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. This trade represents a 9.27 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 1.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. DA Davidson reduced their price objective on shares of Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Stephens restated an “overweight” rating and issued a $310.00 price target on shares of Eagle Materials in a research report on Thursday, January 30th. Citigroup downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $334.00 to $280.00 in a research report on Monday, January 6th. Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and reduced their price target for the stock from $330.00 to $310.00 in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Eight equities 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.com, the stock currently has an average rating of “Hold” and an average price target of $292.40.

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.