Livforsakringsbolaget Skandia Omsesidigt Trims Position in Eagle Materials Inc. (NYSE:EXP)

Livforsakringsbolaget Skandia Omsesidigt decreased its position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 27.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,700 shares of the construction company's stock after selling 2,900 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Eagle Materials were worth $1,710,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Two Sigma Advisers LP grew its position in Eagle Materials by 8.7% during the fourth quarter. Two Sigma Advisers LP now owns 22,400 shares of the construction company's stock valued at $5,527,000 after buying an additional 1,800 shares during the period. ArrowMark Colorado Holdings LLC acquired a new position in shares of Eagle Materials in the fourth quarter worth about $28,778,000. Two Sigma Investments LP boosted its stake in shares of Eagle Materials by 329.5% during the 4th quarter. Two Sigma Investments LP now owns 24,296 shares of the construction company's stock worth $5,995,000 after acquiring an additional 18,639 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Eagle Materials during the 4th quarter valued at about $8,890,000. Finally, Empowered Funds LLC increased its stake in shares of Eagle Materials by 242.4% in the 4th quarter. Empowered Funds LLC now owns 7,789 shares of the construction company's stock valued at $1,922,000 after purchasing an additional 5,514 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wall Street Zen downgraded Eagle Materials from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Stephens set a $255.00 target price on Eagle Materials and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. The Goldman Sachs Group set a $242.00 price target on shares of Eagle Materials and gave the company a "buy" rating in a research note on Wednesday, May 21st. Loop Capital reduced their price objective on shares of Eagle Materials from $245.00 to $237.00 and set a "hold" rating for the company in a research report on Wednesday, May 21st. Finally, Stifel Nicolaus set a $241.00 price objective on shares of Eagle Materials and gave the company a "hold" rating in a report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $254.44.

Eagle Materials Price Performance

Shares of Eagle Materials stock traded down $6.77 during trading hours on Friday, reaching $195.80. 282,765 shares of the company's stock were exchanged, compared to its average volume of 348,213. Eagle Materials Inc. has a 1 year low of $194.68 and a 1 year high of $321.93. The company has a market capitalization of $6.40 billion, a P/E ratio of 13.99 and a beta of 1.28. The business has a fifty day moving average of $217.97 and a two-hundred day moving average of $236.54. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The construction company reported $2.08 earnings per share for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). The business had revenue of $470.18 million for the quarter, compared to analyst estimates of $483.14 million. Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. The business's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.24 earnings per share. As a group, research analysts predict that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Monday, June 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.51%. Eagle Materials's dividend payout ratio (DPR) is presently 7.27%.

Eagle Materials Company 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.