Eagle Materials Inc. (NYSE:EXP) Shares Sold by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. trimmed its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,545 shares of the construction company’s stock after selling 53 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in Eagle Materials were worth $628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Nations Financial Group Inc. IA ADV raised its position in shares of Eagle Materials by 2.7% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 4,941 shares of the construction company’s stock worth $1,219,000 after purchasing an additional 128 shares during the period. Blue Trust Inc. raised its position in shares of Eagle Materials by 7.1% during the 4th quarter. Blue Trust Inc. now owns 920 shares of the construction company’s stock worth $227,000 after purchasing an additional 61 shares during the period. Van ECK Associates Corp raised its position in shares of Eagle Materials by 41.7% during the 4th quarter. Van ECK Associates Corp now owns 31,865 shares of the construction company’s stock worth $7,863,000 after purchasing an additional 9,380 shares during the period. Davidson Capital Management Inc. raised its position in shares of Eagle Materials by 2.6% during the 4th quarter. Davidson Capital Management Inc. now owns 13,066 shares of the construction company’s stock worth $3,224,000 after purchasing an additional 335 shares during the period. Finally, Guided Capital Wealth Management LLC acquired a new stake in shares of Eagle Materials during the 4th quarter worth approximately $947,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXP has been the subject of a number of recent analyst reports. Stephens reissued an “overweight” rating and issued a $310.00 price objective on shares of Eagle Materials in a report on Thursday, January 30th. DA Davidson decreased their price objective on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Citigroup lowered Eagle Materials from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $334.00 to $280.00 in a report on Monday, January 6th. The Goldman Sachs Group increased their price objective on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Loop Capital lowered Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a report on Monday, November 25th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $296.80.

Insider Transactions at Eagle Materials

In other Eagle Materials news, Director Michael R. Nicolais bought 310 shares of Eagle Materials stock in a transaction dated Monday, February 10th. The stock was bought at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $3,691,224.00. Following the completion of the sale, the chief executive officer now owns 85,811 shares of the company’s stock, valued at $26,644,315.50. The trade was a 12.17 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Eagle Materials Stock Performance

EXP opened at $252.47 on Friday. The firm has a market cap of $8.40 billion, a PE ratio of 18.03 and a beta of 1.37. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $254.52 and a 200-day simple moving average of $271.02. Eagle Materials Inc. has a fifty-two week low of $211.44 and a fifty-two week high of $321.93.

Eagle Materials (NYSE:EXP) last released 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%. As a group, equities analysts predict that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials’s dividend payout ratio is presently 7.14%.

About Eagle Materials

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.