DekaBank Deutsche Girozentrale Has $623,000 Position in Eagle Materials Inc. (NYSE:EXP)

DekaBank Deutsche Girozentrale reduced its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,116 shares of the construction company’s stock after selling 77 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Eagle Materials were worth $623,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC acquired a new stake in Eagle Materials during the 3rd quarter worth about $25,000. Planned Solutions Inc. bought a new position in shares of Eagle Materials during the 4th quarter worth about $35,000. Dark Forest Capital Management LP bought a new position in shares of Eagle Materials during the 1st quarter worth about $26,000. BluePath Capital Management LLC bought a new position in shares of Eagle Materials during the 3rd quarter worth about $31,000. Finally, Private Trust Co. NA boosted its position in shares of Eagle Materials by 277.4% during the 3rd quarter. Private Trust Co. NA now owns 200 shares of the construction company’s stock worth $33,000 after purchasing an additional 147 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Price Performance

Eagle Materials stock opened at $250.02 on Tuesday. Eagle Materials Inc. has a 52 week low of $142.12 and a 52 week high of $272.72. The company’s 50 day moving average price is $254.82 and its two-hundred day moving average price is $210.04. The company has a quick ratio of 1.13, a current ratio of 2.61 and a debt-to-equity ratio of 0.77. The stock has a market cap of $8.61 billion, a P/E ratio of 17.64 and a beta of 1.34.

Eagle Materials (NYSE:EXP) last posted its earnings results on Thursday, January 25th. The construction company reported $3.72 EPS for the quarter, topping the consensus estimate of $3.56 by $0.16. Eagle Materials had a net margin of 22.24% and a return on equity of 40.05%. The firm had revenue of $558.83 million for the quarter, compared to analysts’ expectations of $537.23 million. On average, equities analysts predict that Eagle Materials Inc. will post 14.29 earnings per share for the current year.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.40%. Eagle Materials’s dividend payout ratio is currently 7.06%.

Insiders Place Their Bets

In other Eagle Materials news, EVP Matt Newby sold 2,940 shares of Eagle Materials stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $251.15, for a total transaction of $738,381.00. Following the transaction, the executive vice president now owns 21,819 shares of the company’s stock, valued at approximately $5,479,841.85. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $215.60, for a total transaction of $1,078,000.00. Following the completion of the sale, the chief financial officer now owns 62,610 shares in the company, valued at approximately $13,498,716. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Matt Newby sold 2,940 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $251.15, for a total transaction of $738,381.00. Following the sale, the executive vice president now owns 21,819 shares of the company’s stock, valued at approximately $5,479,841.85. The disclosure for this sale can be found here. Insiders have sold a total of 19,444 shares of company stock valued at $4,414,889 in the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Eagle Materials from $244.00 to $311.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Loop Capital raised shares of Eagle Materials from a “hold” rating to a “buy” rating and raised their price target for the company from $170.00 to $240.00 in a research report on Monday, January 8th. The Goldman Sachs Group raised their price target on shares of Eagle Materials from $215.00 to $238.00 and gave the company a “buy” rating in a research report on Friday, January 26th. StockNews.com cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Stifel Nicolaus raised their price target on shares of Eagle Materials from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $253.50.

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; 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.