Eagle Materials Inc. (NYSE:EXP) Shares Sold by Callahan Advisors LLC

Callahan Advisors LLC trimmed its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,726 shares of the construction company’s stock after selling 698 shares during the period. Callahan Advisors LLC owned approximately 0.12% of Eagle Materials worth $9,556,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Barclays PLC boosted its stake in Eagle Materials by 78.1% during the third quarter. Barclays PLC now owns 37,948 shares of the construction company’s stock valued at $10,915,000 after buying an additional 16,645 shares in the last quarter. Ausbil Investment Management Ltd boosted its stake in Eagle Materials by 400.3% during the third quarter. Ausbil Investment Management Ltd now owns 12,978 shares of the construction company’s stock valued at $3,733,000 after buying an additional 10,384 shares in the last quarter. Baupost Group LLC MA boosted its stake 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 valued at $143,904,000 after buying an additional 158,171 shares in the last quarter. Entropy Technologies LP bought a new position in Eagle Materials during the third quarter valued at about $920,000. Finally, Natixis Advisors LLC boosted its stake in Eagle Materials by 11.8% during the third quarter. Natixis Advisors LLC now owns 27,265 shares of the construction company’s stock valued at $7,843,000 after buying an additional 2,871 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Eagle Materials news, Director Michael R. Nicolais acquired 310 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was purchased at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the transaction, the director now 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Haack sold 11,888 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $310.50, for a total value of $3,691,224.00. Following the sale, the chief executive officer now directly owns 85,811 shares of the company’s stock, valued at $26,644,315.50. This trade represents a 12.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Eagle Materials Trading Up 0.8 %

Shares of NYSE EXP opened at $252.47 on Tuesday. Eagle Materials Inc. has a one year low of $211.44 and a one year high of $321.93. The firm has a market capitalization of $8.40 billion, a PE ratio of 18.03 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. The business has a 50-day moving average price of $253.87 and a two-hundred day moving average price of $270.98.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data 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%. As a group, analysts predict that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed 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 of this dividend is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. Eagle Materials’s payout ratio is presently 7.14%.

Analyst Upgrades and Downgrades

EXP has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Stephens reaffirmed an “overweight” rating and set a $310.00 target price on shares of Eagle Materials in a research note on Thursday, January 30th. DA Davidson decreased their target price on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Loop Capital lowered Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target for the company. in a research report on Monday, November 25th. Finally, Citigroup lowered Eagle Materials from a “buy” rating to a “neutral” rating and decreased their price target for the company from $334.00 to $280.00 in a research report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Eagle Materials has an average rating of “Hold” and a consensus target price of $296.80.

Eagle Materials Company 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.