36,027 Shares in Eagle Materials Inc. (NYSE:EXP) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in Eagle Materials Inc. (NYSE:EXP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 36,027 shares of the construction company’s stock, valued at approximately $8,890,000.

Several other hedge funds also recently made changes to their positions in the company. Atria Investments Inc increased its stake in shares of Eagle Materials by 11.7% in the fourth quarter. Atria Investments Inc now owns 6,616 shares of the construction company’s stock worth $1,633,000 after buying an additional 694 shares during the period. Victory Capital Management Inc. increased its stake in shares of Eagle Materials by 8.1% in the fourth quarter. Victory Capital Management Inc. now owns 156,840 shares of the construction company’s stock worth $38,702,000 after buying an additional 11,770 shares during the period. Keybank National Association OH increased its stake in shares of Eagle Materials by 5.6% in the fourth quarter. Keybank National Association OH now owns 2,375 shares of the construction company’s stock worth $586,000 after buying an additional 126 shares during the period. Smartleaf Asset Management LLC increased its position in Eagle Materials by 10.9% during the 4th 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. Finally, Bridges Investment Management Inc. increased its position in Eagle Materials by 18.2% during the 4th quarter. Bridges Investment Management Inc. now owns 3,273 shares of the construction company’s stock valued at $808,000 after purchasing an additional 505 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Stock Performance

Shares of EXP stock opened at $213.74 on Friday. Eagle Materials Inc. has a 12 month low of $205.44 and a 12 month high of $321.93. The stock has a market cap of $7.12 billion, a PE ratio of 15.27 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 company’s fifty day moving average price is $240.88 and its 200-day moving average price is $267.25.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share (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%. On average, equities analysts expect that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have issued reports on EXP. Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and reduced their price objective for the company from $330.00 to $310.00 in a research report on Monday, December 16th. Stifel Nicolaus began coverage on shares of Eagle Materials in a research report on Tuesday, March 4th. They set a “hold” rating and a $242.00 price objective on the stock. Loop Capital downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research report on Monday, November 25th. JPMorgan Chase & Co. boosted their price objective on shares of Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Finally, 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 report on Thursday, January 30th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $292.40.

Insider Buying and Selling

In related news, Director Michael R. Nicolais bought 310 shares of the stock in a transaction on Monday, February 10th. The shares were acquired at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the purchase, the director now owns 3,655 shares of the company’s stock, valued at approximately $940,650.80. The trade was a 9.27 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by company insiders.

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.