Envestnet Portfolio Solutions Inc. Decreases Holdings in Eagle Materials Inc. (NYSE:EXP)

Envestnet Portfolio Solutions Inc. reduced its position in Eagle Materials Inc. (NYSE:EXP) by 4.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,218 shares of the construction company’s stock after selling 100 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Eagle Materials were worth $547,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. raised its stake in shares of Eagle Materials by 34.6% during the 3rd quarter. Citigroup Inc. now owns 21,828 shares of the construction company’s stock worth $6,279,000 after buying an additional 5,614 shares during the last quarter. Cerity Partners LLC raised its position in Eagle Materials by 23.8% during the third quarter. Cerity Partners LLC now owns 13,924 shares of the construction company’s stock worth $4,005,000 after acquiring an additional 2,679 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Eagle Materials by 43.1% in the third quarter. Larson Financial Group LLC now owns 1,395 shares of the construction company’s stock valued at $401,000 after purchasing an additional 420 shares in the last quarter. Harvest Fund Management Co. Ltd grew its position in shares of Eagle Materials by 789.9% in the third 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. Finally, Loomis Sayles & Co. L P increased its stake in shares of Eagle Materials by 0.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 81,969 shares of the construction company’s stock worth $23,579,000 after purchasing an additional 279 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

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 that occurred on Monday, February 10th. The stock was purchased at an average cost of $257.36 per share, with a total value of $79,781.60. Following the transaction, the director now owns 3,655 shares in the company, valued at approximately $940,650.80. This trade represents a 9.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.

Eagle Materials Stock Performance

Shares of EXP stock opened at $228.48 on Wednesday. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 16.32 and a beta of 1.37. The company has a 50 day moving average price of $238.17 and a 200 day moving average price of $265.99. Eagle Materials Inc. has a one year low of $205.44 and a one year high of $321.93. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76.

Eagle Materials (NYSE:EXP) last issued its earnings results 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%. Sell-side analysts anticipate that Eagle Materials Inc. will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Monday, March 17th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.14%.

Analyst Ratings Changes

EXP has been the topic of a number of recent research reports. Citigroup lowered Eagle Materials from a “buy” rating to a “neutral” rating and reduced their target price for the company from $334.00 to $280.00 in a research note on Monday, January 6th. Stephens reaffirmed an “overweight” rating and set a $310.00 price objective on shares of Eagle Materials in a research note on Thursday, January 30th. Stifel Nicolaus began 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. DA Davidson decreased their price target on shares of Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Finally, Jefferies Financial Group lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and cut their price objective for the company from $330.00 to $310.00 in a research report on Monday, December 16th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $286.40.

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.