Eagle Materials Inc. (NYSE:EXP) Shares Acquired by AGF Management Ltd.

AGF Management Ltd. increased its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,599 shares of the construction company’s stock after purchasing an additional 1,361 shares during the period. AGF Management Ltd. owned 0.18% of Eagle Materials worth $14,707,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. CIBC Asset Management Inc lifted its stake in shares of Eagle Materials by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 1,032 shares of the construction company’s stock worth $297,000 after acquiring an additional 37 shares during the period. Coldstream Capital Management Inc. boosted its stake in shares of Eagle Materials by 1.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,981 shares of the construction company’s stock worth $858,000 after purchasing an additional 41 shares during the last quarter. Sprott Inc. raised its holdings in Eagle Materials by 3.0% in the 4th quarter. Sprott Inc. now owns 1,695 shares of the construction company’s stock valued at $418,000 after acquiring an additional 50 shares during the last quarter. Smartleaf Asset Management LLC boosted its position 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 worth $140,000 after acquiring an additional 56 shares during the last quarter. Finally, National Bank of Canada FI increased its position in Eagle Materials by 1.5% during the 3rd quarter. National Bank of Canada FI now owns 3,872 shares of the construction company’s stock worth $1,114,000 after purchasing an additional 57 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on EXP. Citigroup lowered 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. 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. Loop Capital downgraded Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a report on Monday, November 25th. Stephens reaffirmed an “overweight” rating and set a $310.00 price objective on shares of Eagle Materials in a research report on Thursday, January 30th. Finally, Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and lowered their target price for the stock from $330.00 to $310.00 in a research report on Monday, December 16th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Eagle Materials presently has an average rating of “Hold” and an average target price of $292.40.

Eagle Materials Trading Down 2.0 %

Shares of NYSE EXP opened at $211.44 on Wednesday. Eagle Materials Inc. has a twelve month low of $205.44 and a twelve month high of $321.93. The stock has a market cap of $7.04 billion, a price-to-earnings ratio of 15.10 and a beta of 1.37. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The company’s fifty day moving average is $243.03 and its 200-day moving average is $268.36.

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

Eagle Materials Announces Dividend

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 paid 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 yield of 0.47%. Eagle Materials’s payout ratio is 7.14%.

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.