AQR Capital Management LLC Has $13.64 Million Stock Position in Eagle Materials Inc. (NYSE:EXP)

AQR Capital Management LLC reduced its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 17.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,258 shares of the construction company's stock after selling 11,681 shares during the period. AQR Capital Management LLC owned 0.17% of Eagle Materials worth $13,635,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Private Trust Co. NA grew its position in shares of Eagle Materials by 53.0% during the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock worth $51,000 after buying an additional 71 shares during the period. Huntington National Bank grew its holdings in Eagle Materials by 154.8% during the fourth quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after purchasing an additional 144 shares during the period. R Squared Ltd bought a new stake in Eagle Materials in the fourth quarter valued at approximately $81,000. Transce3nd LLC acquired a new stake in Eagle Materials in the fourth quarter worth $125,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Eagle Materials by 10.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock worth $140,000 after purchasing an additional 56 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on EXP shares. DA Davidson dropped their price objective 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. JPMorgan Chase & Co. cut their price objective on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Citigroup cut Eagle Materials from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $334.00 to $280.00 in a research note on Monday, January 6th. 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 price target on the stock. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $274.40.

Eagle Materials Trading Up 0.5 %

Shares of NYSE:EXP opened at $235.20 on Tuesday. The company's 50-day moving average price is $220.16 and its two-hundred day moving average price is $252.71. Eagle Materials Inc. has a one year low of $201.61 and a one 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. The stock has a market capitalization of $7.83 billion, a PE ratio of 16.80 and a beta of 1.25.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 17th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Monday, March 17th. Eagle Materials's payout ratio is currently 7.14%.

Insiders Place Their Bets

In related news, Director Michael R. Nicolais acquired 310 shares of the company's stock in a transaction dated Monday, February 10th. The shares were bought at an average cost of $257.36 per share, with a total value of $79,781.60. Following the completion of the transaction, the director now directly owns 3,655 shares of the company's stock, valued at $940,650.80. This trade represents a 9.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company's stock.

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.

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