ArrowMark Colorado Holdings LLC Acquires New Position in Eagle Materials Inc. (NYSE:EXP)

ArrowMark Colorado Holdings LLC purchased a new position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 116,624 shares of the construction company's stock, valued at approximately $28,778,000. ArrowMark Colorado Holdings LLC owned approximately 0.35% of Eagle Materials at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Private Trust Co. NA raised its position in Eagle Materials by 53.0% during the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock worth $51,000 after acquiring an additional 71 shares in the last quarter. Huntington National Bank raised its holdings in shares of Eagle Materials by 154.8% in the 4th 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 acquired a new stake in Eagle Materials in the 4th quarter valued at about $81,000. LGT Financial Advisors LLC grew its holdings in Eagle Materials by 233.1% during the fourth quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock worth $109,000 after purchasing an additional 310 shares during the period. Finally, Transce3nd LLC acquired a new position in Eagle Materials during the fourth quarter worth approximately $125,000. Institutional investors own 96.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Truist Financial cut their price objective on Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Loop Capital reduced their price objective on shares of Eagle Materials from $280.00 to $245.00 and set a "hold" rating for the company in a research report on Tuesday, April 1st. Stephens reissued an "overweight" rating and issued a $310.00 price objective on shares of Eagle Materials in a research report on Thursday, January 30th. DA Davidson reduced their target price on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Finally, Citigroup lowered shares of Eagle Materials from a "buy" rating to a "neutral" rating and decreased their price target for the company from $334.00 to $280.00 in a research note on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Eagle Materials currently has an average rating of "Hold" and a consensus price target of $274.40.

Eagle Materials Stock Performance

Shares of NYSE:EXP traded up $1.23 on Monday, reaching $235.20. 206,064 shares of the company's stock were exchanged, compared to its average volume of 333,200. Eagle Materials Inc. has a twelve month low of $201.61 and a twelve month high of $321.93. The company has a fifty day moving average of $220.16 and a 200-day moving average of $252.71. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 16.80 and a beta of 1.25. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 17th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. Eagle Materials's dividend payout ratio (DPR) is presently 7.14%.

Insider Buying and Selling at Eagle Materials

In related news, Director Michael R. Nicolais purchased 310 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were bought at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the transaction, the director now 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 purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.60% of the company's stock.

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.