Voloridge Investment Management LLC Reduces Position in Eagle Materials Inc. (NYSE:EXP)

Voloridge Investment Management LLC lessened its holdings in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 60.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,308 shares of the construction company's stock after selling 25,113 shares during the period. Voloridge Investment Management LLC's holdings in Eagle Materials were worth $4,024,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EXP. Private Trust Co. NA lifted its position in shares of Eagle Materials by 53.0% in the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after acquiring an additional 71 shares in the last quarter. Huntington National Bank grew its position in Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock worth $58,000 after purchasing an additional 144 shares during the last quarter. R Squared Ltd bought a new stake in shares of Eagle Materials in the 4th quarter valued at approximately $81,000. LGT Financial Advisors LLC raised its holdings in shares of Eagle Materials by 233.1% in the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock worth $109,000 after buying an additional 310 shares in the last quarter. Finally, Transce3nd LLC acquired a new position in Eagle Materials in the fourth quarter valued at about $125,000. 96.07% of the stock is owned by institutional investors.

Eagle Materials Stock Down 1.4%

NYSE EXP traded down $2.85 during mid-day trading on Friday, hitting $202.12. The company's stock had a trading volume of 752,470 shares, compared to its average volume of 342,526. The company's 50 day simple moving average is $222.40 and its 200 day simple moving average is $242.98. Eagle Materials Inc. has a twelve month low of $199.66 and a twelve month high of $321.93. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 14.44 and a beta of 1.36.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). The firm had revenue of $470.18 million for the quarter, compared to analysts' expectations of $483.14 million. Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. Eagle Materials's revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.24 earnings per share. Analysts anticipate that Eagle Materials Inc. will post 14.39 earnings per share for the current 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Monday, June 16th. Eagle Materials's dividend payout ratio is presently 7.27%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wall Street Zen downgraded shares of Eagle Materials from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Citigroup dropped their price target on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a research report on Wednesday. DA Davidson decreased their price target on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Stephens set a $255.00 price objective on shares of Eagle Materials and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Finally, Stifel Nicolaus set a $241.00 price target on shares of Eagle Materials and gave the company a "hold" rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Eagle Materials currently has a consensus rating of "Hold" and a consensus price target of $254.44.

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.