Eagle Materials Inc. (NYSE:EXP) Holdings Cut by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 2.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,719 shares of the construction company’s stock after selling 452 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Eagle Materials worth $4,372,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. First Trust Direct Indexing L.P. purchased a new position in Eagle Materials in the third quarter valued at about $222,000. US Bancorp DE lifted its holdings in shares of Eagle Materials by 1.9% during the 3rd quarter. US Bancorp DE now owns 4,911 shares of the construction company’s stock valued at $1,413,000 after buying an additional 90 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Eagle Materials by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 22,485 shares of the construction company’s stock valued at $6,443,000 after buying an additional 6,424 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Eagle Materials in the 3rd quarter valued at approximately $235,000. Finally, Lifestyle Asset Management Inc. increased its holdings in Eagle Materials by 12.6% in the third quarter. Lifestyle Asset Management Inc. now owns 4,084 shares of the construction company’s stock worth $1,175,000 after buying an additional 457 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on EXP shares. Stephens reissued an “overweight” rating and issued a $310.00 target price on shares of Eagle Materials in a research report on Thursday, January 30th. Loop Capital cut shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a report on Monday, November 25th. 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 report on Monday, January 6th. JPMorgan Chase & Co. upped their price target on Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Finally, DA Davidson cut their price objective on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $292.40.

Insider Activity at Eagle Materials

In other Eagle Materials news, Director Michael R. Nicolais purchased 310 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were purchased 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 directly 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Eagle Materials Stock Performance

EXP opened at $215.21 on Wednesday. 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 stock’s 50 day moving average price is $246.26 and its two-hundred day moving average price is $269.71. The firm has a market capitalization of $7.16 billion, a P/E ratio of 15.37 and a beta of 1.37. Eagle Materials Inc. has a 12-month low of $208.02 and a 12-month high of $321.93.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data 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 return on equity of 34.14% and a net margin of 20.91%. On average, equities analysts forecast that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business 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 $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials’s payout ratio is presently 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.