36,027 Shares in Eagle Materials Inc. (NYSE:EXP) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of Eagle Materials Inc. (NYSE:EXP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 36,027 shares of the construction company’s stock, valued at approximately $8,890,000. Proficio Capital Partners LLC owned about 0.11% of Eagle Materials as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Private Trust Co. NA increased its holdings in Eagle Materials by 53.0% during the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock worth $51,000 after buying an additional 71 shares during the last quarter. R Squared Ltd purchased a new stake in Eagle Materials during the fourth quarter worth about $81,000. Smartleaf Asset Management LLC increased its holdings in Eagle Materials by 10.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company’s stock worth $140,000 after buying an additional 56 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Eagle Materials by 10.6% in the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company’s stock worth $167,000 after purchasing an additional 65 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in shares of Eagle Materials in the fourth quarter worth about $170,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $334.00 to $280.00 in a research note on Monday, January 6th. Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and reduced their target price for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. Loop Capital downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 target price for the company. in a research note on Monday, November 25th. Stifel Nicolaus assumed coverage on shares of Eagle Materials in a research note on Tuesday, March 4th. They issued a “hold” rating and a $242.00 target price for the company. Finally, DA Davidson reduced their target price on shares of Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $292.40.

Insiders Place Their Bets

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 cost of $257.36 per share, with a total value of $79,781.60. Following the completion of the purchase, the director now owns 3,655 shares of the company’s stock, valued at $940,650.80. The trade was a 9.27 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company’s stock.

Eagle Materials Trading Up 3.0 %

Shares of Eagle Materials stock opened at $213.74 on Friday. Eagle Materials Inc. has a 1 year low of $205.44 and a 1 year high of $321.93. The firm has a market cap of $7.12 billion, a PE ratio of 15.27 and a beta of 1.37. 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 company has a 50 day simple moving average of $240.88 and a two-hundred day simple moving average of $267.25.

Eagle Materials (NYSE:EXP) last announced its earnings results 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%. Analysts expect that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.14%.

Eagle Materials 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.