RD Lewis Holdings Inc. Purchases New Holdings in Eagle Materials Inc. (NYSE:EXP)

RD Lewis Holdings Inc. purchased a new stake in shares of Eagle Materials Inc. (NYSE:EXP) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,115 shares of the construction company’s stock, valued at approximately $285,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. CIBC Asset Management Inc boosted its holdings in shares of Eagle Materials by 3.7% in the third 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 holdings in shares of Eagle Materials by 1.4% in the third quarter. Coldstream Capital Management Inc. now owns 2,981 shares of the construction company’s stock worth $858,000 after acquiring an additional 41 shares during the period. Sprott Inc. boosted its holdings in shares of Eagle Materials by 3.0% in the fourth quarter. Sprott Inc. now owns 1,695 shares of the construction company’s stock worth $418,000 after acquiring an additional 50 shares during the period. Smartleaf Asset Management LLC boosted its holdings 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 period. Finally, National Bank of Canada FI boosted its holdings in shares of Eagle Materials by 1.5% in the third quarter. National Bank of Canada FI now owns 3,872 shares of the construction company’s stock worth $1,114,000 after acquiring an additional 57 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Eagle Materials

In related news, Director Michael R. Nicolais bought 310 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the transaction, the director now owns 3,655 shares in the company, valued at $940,650.80. The trade was a 9.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Eagle Materials Stock Performance

EXP stock opened at $216.80 on Tuesday. The stock has a market capitalization of $7.22 billion, a PE ratio of 15.49 and a beta of 1.37. Eagle Materials Inc. has a 12-month low of $205.44 and a 12-month high of $321.93. 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 stock’s 50 day simple moving average is $240.34 and its 200 day simple moving average is $267.09.

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

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. Eagle Materials’s payout ratio is presently 7.14%.

Wall Street Analysts Forecast Growth

EXP has been the subject of a number of analyst reports. DA Davidson cut their price target on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Stifel Nicolaus began coverage on Eagle Materials in a report on Tuesday, March 4th. They issued a “hold” rating and a $242.00 price target for the company. Stephens reissued an “overweight” rating and set a $310.00 price objective on shares of Eagle Materials in a research note on Thursday, January 30th. JPMorgan Chase & Co. lifted their price objective on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Finally, Citigroup lowered Eagle Materials from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $334.00 to $280.00 in a research note on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $292.40.

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.