Two Sigma Advisers LP Purchases 1,800 Shares of Eagle Materials Inc. (NYSE:EXP)

Two Sigma Advisers LP increased its holdings in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 8.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,400 shares of the construction company's stock after purchasing an additional 1,800 shares during the quarter. Two Sigma Advisers LP owned 0.07% of Eagle Materials worth $5,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Two Sigma Investments LP lifted its holdings in shares of Eagle Materials by 329.5% during the fourth quarter. Two Sigma Investments LP now owns 24,296 shares of the construction company's stock valued at $5,995,000 after purchasing an additional 18,639 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Eagle Materials by 4.6% during the fourth quarter. Tidal Investments LLC now owns 3,267 shares of the construction company's stock valued at $806,000 after purchasing an additional 144 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new position in shares of Eagle Materials during the fourth quarter valued at $291,000. Rafferty Asset Management LLC lifted its holdings in shares of Eagle Materials by 25.3% during the fourth quarter. Rafferty Asset Management LLC now owns 10,506 shares of the construction company's stock valued at $2,592,000 after purchasing an additional 2,120 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Eagle Materials by 7.0% during the fourth quarter. ProShare Advisors LLC now owns 1,569 shares of the construction company's stock valued at $387,000 after purchasing an additional 103 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Eagle Materials Price Performance

EXP stock traded down $14.55 during trading on Wednesday, reaching $203.49. The company's stock had a trading volume of 649,975 shares, compared to its average volume of 339,492. 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's fifty day moving average is $223.68 and its 200-day moving average is $245.65. The company has a market capitalization of $6.65 billion, a P/E ratio of 14.54 and a beta of 1.36. Eagle Materials Inc. has a 1 year low of $201.61 and a 1 year high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The construction company reported $2.08 EPS 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 the consensus estimate of $483.14 million. Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. Eagle Materials's revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.24 earnings per share. On average, research analysts expect that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Monday, June 16th. Eagle Materials's dividend payout ratio is presently 7.27%.

Analyst Upgrades and Downgrades

EXP has been the subject of several recent research reports. Citigroup cut their target price on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research report on Wednesday. DA Davidson cut their price objective on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Loop Capital reduced their price objective on Eagle Materials from $245.00 to $237.00 and set a "hold" rating for the company in a research note on Wednesday, May 21st. JPMorgan Chase & Co. lowered their target price on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Finally, Stephens set a $255.00 price target on Eagle Materials and gave the stock an "overweight" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $254.44.

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.