Bridgewater Associates LP Has $1.11 Million Stock Position in Eagle Materials Inc. (NYSE:EXP)

Bridgewater Associates LP trimmed its position in Eagle Materials Inc. (NYSE:EXP - Free Report) by 78.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,479 shares of the construction company's stock after selling 16,306 shares during the quarter. Bridgewater Associates LP's holdings in Eagle Materials were worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Sprott Inc. grew its stake in Eagle Materials by 3.0% during the 4th quarter. Sprott Inc. now owns 1,695 shares of the construction company's stock worth $418,000 after buying an additional 50 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Eagle Materials by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,086 shares of the construction company's stock worth $268,000 after purchasing an additional 54 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Eagle Materials by 10.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock valued at $140,000 after buying an additional 56 shares during the period. Blue Trust Inc. lifted its holdings in shares of Eagle Materials by 7.1% in the fourth quarter. Blue Trust Inc. now owns 920 shares of the construction company's stock valued at $227,000 after buying an additional 61 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Eagle Materials by 10.6% in the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company's stock valued at $167,000 after buying an additional 65 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Stock Performance

Eagle Materials stock traded up $2.60 on Thursday, hitting $218.85. The company's stock had a trading volume of 56,232 shares, compared to its average volume of 331,373. The firm has a market cap of $7.28 billion, a P/E ratio of 15.62 and a beta of 1.25. 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 company has a fifty day moving average price of $221.69 and a 200-day moving average price of $257.10. Eagle Materials Inc. has a one year low of $201.61 and a one year high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share (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 anticipate that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 17th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, March 17th. Eagle Materials's dividend payout ratio (DPR) is presently 7.14%.

Insider Transactions at Eagle Materials

In other news, Director Michael R. Nicolais bought 310 shares of the stock in a transaction dated Monday, February 10th. The shares were acquired at an average price of $257.36 per share, with a total value of $79,781.60. Following the acquisition, the director now owns 3,655 shares in the company, 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 Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EXP shares. Loop Capital reduced their target price on Eagle Materials from $280.00 to $245.00 and set a "hold" rating for the company in a report on Tuesday, April 1st. JPMorgan Chase & Co. lowered their price target on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Stephens reiterated an "overweight" rating and issued a $310.00 target price on shares of Eagle Materials in a research note on Thursday, January 30th. DA Davidson reduced their price objective on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Finally, Truist Financial reduced their price objective on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Thursday. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $274.40.

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.