Duality Advisers LP Lowers Stock Holdings in Eagle Materials Inc. (NYSE:EXP)

Duality Advisers LP lessened its stake in Eagle Materials Inc. (NYSE:EXP) by 15.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,970 shares of the construction company’s stock after selling 2,005 shares during the period. Duality Advisers LP’s holdings in Eagle Materials were worth $2,225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC purchased a new stake in Eagle Materials in the 3rd quarter valued at approximately $25,000. Planned Solutions Inc. acquired a new position in Eagle Materials during the fourth quarter worth $35,000. BluePath Capital Management LLC purchased a new position in Eagle Materials in the third quarter worth $31,000. Private Trust Co. NA lifted its holdings in Eagle Materials by 277.4% in the third quarter. Private Trust Co. NA now owns 200 shares of the construction company’s stock valued at $33,000 after acquiring an additional 147 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Eagle Materials during the 3rd quarter worth $53,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP William R. Devlin sold 2,354 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $214.95, for a total transaction of $505,992.30. Following the sale, the senior vice president now owns 24,998 shares in the company, valued at $5,373,320.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Eagle Materials news, SVP William R. Devlin sold 2,354 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $214.95, for a total transaction of $505,992.30. Following the transaction, the senior vice president now owns 24,998 shares of the company’s stock, valued at approximately $5,373,320.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $215.60, for a total value of $1,078,000.00. Following the sale, the chief financial officer now owns 62,610 shares in the company, valued at approximately $13,498,716. The disclosure for this sale can be found here. Insiders sold a total of 19,444 shares of company stock valued at $4,414,889 over the last 90 days. Insiders own 1.70% of the company’s stock.

Eagle Materials Price Performance

Eagle Materials stock traded up $3.59 during mid-day trading on Monday, hitting $241.78. 86,399 shares of the company were exchanged, compared to its average volume of 295,271. Eagle Materials Inc. has a 12-month low of $143.44 and a 12-month high of $272.72. The company has a market capitalization of $8.33 billion, a P/E ratio of 16.81 and a beta of 1.34. The business’s 50 day simple moving average is $255.04 and its two-hundred day simple moving average is $212.25. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.61 and a quick ratio of 1.13.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Thursday, January 25th. The construction company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.56 by $0.16. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. The firm had revenue of $558.83 million during the quarter, compared to analysts’ expectations of $537.23 million. Analysts forecast that Eagle Materials Inc. will post 14.23 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Thursday, March 14th. Eagle Materials’s dividend payout ratio is presently 7.06%.

Wall Street Analyst Weigh In

EXP has been the subject of several recent analyst reports. Raymond James raised their price objective on shares of Eagle Materials from $170.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Citigroup lifted their price target on shares of Eagle Materials from $244.00 to $311.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Stifel Nicolaus upped their price target on Eagle Materials from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, April 15th. The Goldman Sachs Group lifted their price objective on Eagle Materials from $238.00 to $273.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. boosted their target price on Eagle Materials from $200.00 to $265.00 and gave the stock a “neutral” rating in a research report on Friday, March 22nd. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $257.00.

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; 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.