Delphi Management Inc. MA Trims Position in Eagle Materials Inc. (NYSE:EXP)

Delphi Management Inc. MA lowered its holdings in Eagle Materials Inc. (NYSE:EXP) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,203 shares of the construction company’s stock after selling 542 shares during the period. Delphi Management Inc. MA’s holdings in Eagle Materials were worth $1,284,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC increased its holdings in shares of Eagle Materials by 30.1% during the 3rd quarter. FMR LLC now owns 3,801,257 shares of the construction company’s stock worth $1,093,432,000 after buying an additional 878,400 shares during the last quarter. JPMorgan Chase & Co. grew its position in Eagle Materials by 60.3% during the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company’s stock valued at $499,111,000 after acquiring an additional 652,836 shares during the period. Baupost Group LLC MA grew its position in Eagle Materials by 46.2% during the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock valued at $143,904,000 after acquiring an additional 158,171 shares during the period. Raymond James Financial Inc. acquired a new stake in Eagle Materials during the fourth quarter worth about $38,115,000. Finally, World Investment Advisors LLC purchased a new position in shares of Eagle Materials in the 3rd quarter worth about $34,846,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

EXP has been the subject of a number of research reports. DA Davidson decreased their target price on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Loop Capital downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a research note on Monday, November 25th. Stephens reissued an “overweight” rating and issued a $310.00 target price on shares of Eagle Materials in a research note on Thursday, January 30th. Stifel Nicolaus initiated coverage on shares of Eagle Materials in a report on Tuesday, March 4th. They set a “hold” rating and a $242.00 target price on the stock. Finally, Jefferies Financial Group downgraded Eagle Materials from a “buy” rating to a “hold” rating and lowered their price target for the company from $330.00 to $310.00 in a report on Monday, December 16th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Eagle Materials currently has an average rating of “Hold” and a consensus price target of $292.40.

Insider Transactions at Eagle Materials

In other Eagle Materials news, Director Michael R. Nicolais acquired 310 shares of the stock in a transaction dated Monday, February 10th. The shares were bought at an average price 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 approximately $940,650.80. This trade represents a 9.27 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.60% of the company’s stock.

Eagle Materials Stock Performance

Shares of EXP stock opened at $216.80 on Tuesday. The business has a 50 day simple moving average of $240.34 and a 200 day simple moving average of $267.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The firm has a market capitalization of $7.22 billion, a price-to-earnings 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.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data 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%. On average, equities research analysts anticipate that Eagle Materials Inc. will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders 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 dividend yield of 0.46%. The ex-dividend date is Monday, March 17th. Eagle Materials’s dividend 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.