Eagle Materials Inc. (NYSE:EXP) Shares Sold by TD Asset Management Inc.

TD Asset Management Inc. decreased its stake in Eagle Materials Inc. (NYSE:EXP) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 671,478 shares of the construction company’s stock after selling 60,135 shares during the quarter. TD Asset Management Inc.’s holdings in Eagle Materials were worth $165,694,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Barclays PLC boosted its stake in Eagle Materials by 78.1% during the 3rd quarter. Barclays PLC now owns 37,948 shares of the construction company’s stock worth $10,915,000 after purchasing an additional 16,645 shares during 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 worth $143,904,000 after buying an additional 158,171 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Eagle Materials in the 4th quarter valued at $8,890,000. Advantage Alpha Capital Partners LP purchased a new stake in shares of Eagle Materials in the third quarter valued at about $4,041,000. Finally, Empowered Funds LLC grew its stake in shares of Eagle Materials by 242.4% in the 4th quarter. Empowered Funds LLC now owns 7,789 shares of the construction company’s stock valued at $1,922,000 after buying an additional 5,514 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Trading Up 0.3 %

EXP opened at $228.48 on Wednesday. The business’s 50-day simple moving average is $238.17 and its 200-day simple moving average is $265.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. The company has a market cap of $7.61 billion, a P/E ratio of 16.32 and a beta of 1.37. Eagle Materials Inc. has a one year low of $205.44 and a one year high of $321.93.

Eagle Materials (NYSE:EXP) last issued its earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. As a group, equities research analysts expect that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials’s dividend payout ratio (DPR) is currently 7.14%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EXP. Stifel Nicolaus assumed coverage on Eagle Materials in a research report on Tuesday, March 4th. They set a “hold” rating and a $242.00 price objective for the company. DA Davidson reduced their price target on shares of Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Stephens reiterated an “overweight” rating and set a $310.00 target price on shares of Eagle Materials in a report on Thursday, January 30th. Citigroup cut Eagle Materials from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $334.00 to $280.00 in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered their target price on Eagle Materials from $310.00 to $250.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $286.40.

Insider Activity

In other Eagle Materials news, Director Michael R. Nicolais bought 310 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was acquired at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the purchase, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

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.