Moran Wealth Management LLC Has $12.12 Million Stake in Eagle Materials Inc. (NYSE:EXP)

Moran Wealth Management LLC lowered its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,095 shares of the construction company’s stock after selling 724 shares during the period. Moran Wealth Management LLC’s holdings in Eagle Materials were worth $12,115,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC lifted its position in Eagle Materials by 30.1% in the 3rd quarter. FMR LLC now owns 3,801,257 shares of the construction company’s stock valued at $1,093,432,000 after acquiring an additional 878,400 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Eagle Materials by 60.3% in the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company’s stock valued at $499,111,000 after buying an additional 652,836 shares during the period. Geode Capital Management LLC lifted its holdings in Eagle Materials by 3.5% during the third quarter. Geode Capital Management LLC now owns 707,607 shares of the construction company’s stock valued at $203,585,000 after purchasing an additional 23,911 shares during the last quarter. Baupost Group LLC MA grew its stake in Eagle Materials by 46.2% in the 3rd quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock valued at $143,904,000 after buying an additional 158,171 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in shares of Eagle Materials by 2.7% in the third quarter. Captrust Financial Advisors now owns 349,756 shares of the construction company’s stock valued at $100,607,000 after purchasing an additional 9,216 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Transactions at Eagle Materials

In other news, Director Michael R. Nicolais bought 310 shares of Eagle Materials stock in a transaction on Monday, February 10th. The stock was acquired at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the acquisition, the director now owns 3,655 shares of the company’s stock, valued at $940,650.80. This trade represents a 9.27 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Eagle Materials Stock Performance

EXP stock opened at $213.84 on Monday. The stock’s fifty day moving average price is $244.35 and its 200-day moving average price is $269.02. The company has a market cap of $7.12 billion, a P/E ratio of 15.27 and a beta of 1.37. Eagle Materials Inc. has a 1 year low of $205.44 and a 1 year high of $321.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 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%. On average, equities analysts forecast that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 17th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 0.47%. Eagle Materials’s payout ratio is 7.14%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EXP. Jefferies Financial Group cut 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 report on Monday, December 16th. Citigroup lowered Eagle Materials from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $334.00 to $280.00 in a research report on Monday, January 6th. Loop Capital lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 target price for the company. in a report on Monday, November 25th. Stephens reissued an “overweight” rating and set a $310.00 price objective on shares of Eagle Materials in a research report on Thursday, January 30th. Finally, DA Davidson reduced their price target on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $292.40.

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.