Corient Private Wealth LLC Sells 1,791 Shares of Eagle Materials Inc. (NYSE:EXP)

Corient Private Wealth LLC decreased its holdings in Eagle Materials Inc. (NYSE:EXP) by 58.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,259 shares of the construction company’s stock after selling 1,791 shares during the period. Corient Private Wealth LLC’s holdings in Eagle Materials were worth $311,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of EXP. Private Trust Co. NA lifted its holdings in Eagle Materials by 53.0% during the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock worth $51,000 after buying an additional 71 shares during the period. R Squared Ltd bought a new position in shares of Eagle Materials during the fourth quarter worth about $81,000. Smartleaf Asset Management LLC raised its position in shares of Eagle Materials by 10.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company’s stock worth $140,000 after acquiring an additional 56 shares during the last quarter. GAMMA Investing LLC lifted 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 worth $167,000 after acquiring an additional 65 shares during the period. Finally, Venturi Wealth Management LLC bought a new stake in Eagle Materials in the fourth quarter valued at approximately $170,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Eagle Materials

In other news, Director Michael R. Nicolais purchased 310 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were bought at an average cost of $257.36 per share, with a total value of $79,781.60. Following the completion of the transaction, the director now directly owns 3,655 shares of the company’s stock, valued at approximately $940,650.80. This trade represents a 9.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

Eagle Materials Trading Down 2.1 %

Shares of Eagle Materials stock opened at $221.02 on Monday. The stock has a market capitalization of $7.36 billion, a PE ratio of 15.79 and a beta of 1.37. Eagle Materials Inc. has a 52 week low of $205.44 and a 52 week high of $321.93. The stock has a 50 day moving average price of $236.43 and a two-hundred day moving average price of $265.50. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76.

Eagle Materials (NYSE:EXP) last announced 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 net margin of 20.91% and a return on equity of 34.14%. As a group, equities analysts anticipate that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors 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 dividend on an annualized basis and a dividend yield of 0.45%. Eagle Materials’s dividend payout ratio is presently 7.14%.

Analyst Upgrades and Downgrades

EXP has been the subject of several analyst reports. Jefferies Financial Group lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and lowered their price target for the stock from $330.00 to $310.00 in a report on Monday, December 16th. JPMorgan Chase & Co. dropped their target price on shares of Eagle Materials from $310.00 to $250.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Stephens reaffirmed an “overweight” rating and set a $310.00 price target on shares of Eagle Materials in a research report on Thursday, January 30th. DA Davidson lowered their price objective on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Finally, Citigroup lowered Eagle Materials from a “buy” rating to a “neutral” rating and cut their target price for the company from $334.00 to $280.00 in a research report on Monday, January 6th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Eagle Materials has an average rating of “Hold” and a consensus price target of $286.40.

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.