Fort Washington Investment Advisors Inc. OH Buys 16,140 Shares of Eagle Materials Inc. (NYSE:EXP)

Fort Washington Investment Advisors Inc. OH increased its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 24.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 83,378 shares of the construction company’s stock after acquiring an additional 16,140 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Eagle Materials were worth $20,574,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of EXP. Capital Performance Advisors LLP bought a new position in Eagle Materials in the 3rd quarter valued at $64,000. Quent Capital LLC increased its position in Eagle Materials by 155.3% in the third quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock worth $125,000 after purchasing an additional 264 shares during the period. GAMMA Investing LLC raised its holdings in Eagle Materials by 29.7% during the 3rd quarter. GAMMA Investing LLC now owns 611 shares of the construction company’s stock worth $176,000 after purchasing an additional 140 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in Eagle Materials by 23.5% during the 3rd quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company’s stock valued at $181,000 after purchasing an additional 120 shares during the period. Finally, Harvest Fund Management Co. Ltd boosted its stake in shares of Eagle Materials by 789.9% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 703 shares of the construction company’s stock valued at $202,000 after purchasing an additional 624 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Stephens dropped their price target on shares of Eagle Materials from $325.00 to $310.00 and set an “overweight” rating for the company in a research note on Wednesday. Citigroup downgraded Eagle Materials from a “buy” rating to a “neutral” rating and cut their price target for the company from $334.00 to $280.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Loop Capital lowered Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 target price on the stock. in a research note on Monday, November 25th. Finally, The Goldman Sachs Group boosted their target price on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $300.89.

Insider Activity

In related news, CEO Michael Haack sold 11,888 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the completion of the transaction, the chief executive officer now owns 85,811 shares in the company, valued at approximately $26,644,315.50. This represents a 12.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard Ross Stewart sold 3,577 shares of Eagle Materials stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the completion of the sale, the director now owns 1,100 shares in the company, valued at $330,330. The trade was a 76.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,866 shares of company stock worth $5,205,311 over the last three months. Corporate insiders own 1.60% of the company’s stock.

Eagle Materials Trading Up 0.0 %

NYSE:EXP opened at $257.96 on Thursday. The business’s 50-day simple moving average is $271.19 and its 200-day simple moving average is $268.38. Eagle Materials Inc. has a fifty-two week low of $203.98 and a fifty-two week high of $321.93. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. The stock has a market capitalization of $8.65 billion, a PE ratio of 18.22 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The company had revenue of $623.62 million during the quarter, compared to the consensus estimate of $651.46 million. During the same period in the previous year, the firm posted $4.28 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts expect that Eagle Materials Inc. will post 15.11 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 16th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. The ex-dividend date was Monday, December 16th. Eagle Materials’s dividend payout ratio is 7.06%.

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.