Allspring Global Investments Holdings LLC Has $207.18 Million Position in Eagle Materials Inc. (NYSE:EXP)

Allspring Global Investments Holdings LLC lessened its position in Eagle Materials Inc. (NYSE:EXP - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,021,382 shares of the construction company's stock after selling 21,130 shares during the period. Allspring Global Investments Holdings LLC owned 2.93% of Eagle Materials worth $207,177,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC acquired a new stake in shares of Eagle Materials in the third quarter valued at about $25,000. Dark Forest Capital Management LP bought a new stake in shares of Eagle Materials during the 1st quarter valued at about $26,000. BluePath Capital Management LLC bought a new stake in shares of Eagle Materials during the 3rd quarter valued at about $31,000. Point72 Middle East FZE bought a new stake in shares of Eagle Materials during the 4th quarter valued at about $31,000. Finally, Private Trust Co. NA boosted its position in shares of Eagle Materials by 277.4% during the 3rd quarter. Private Trust Co. NA now owns 200 shares of the construction company's stock valued at $33,000 after purchasing an additional 147 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Analyst Ratings Changes

EXP has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their target price on Eagle Materials from $200.00 to $265.00 and gave the company a "neutral" rating in a research report on Friday, March 22nd. Stifel Nicolaus increased their price target on Eagle Materials from $186.00 to $187.00 and gave the stock a "buy" rating in a report on Tuesday, December 19th. Citigroup increased their price target on Eagle Materials from $244.00 to $311.00 and gave the stock a "buy" rating in a report on Friday. Raymond James increased their price target on Eagle Materials from $170.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, January 29th. Finally, StockNews.com lowered Eagle Materials from a "buy" rating to a "hold" rating in a report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Eagle Materials currently has an average rating of "Moderate Buy" and an average target price of $242.20.

Insiders Place Their Bets

In other news, EVP Matt Newby sold 2,940 shares of the firm's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $251.15, for a total value of $738,381.00. Following the completion of the transaction, the executive vice president now directly owns 21,819 shares of the company's stock, valued at $5,479,841.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Matt Newby sold 2,940 shares of Eagle Materials stock in a transaction on Monday, February 26th. The stock was sold at an average price of $251.15, for a total transaction of $738,381.00. Following the completion of the sale, the executive vice president now owns 21,819 shares of the company's stock, valued at $5,479,841.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David B. Powers sold 3,347 shares of Eagle Materials stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $240.52, for a total value of $805,020.44. Following the sale, the director now directly owns 655 shares of the company's stock, valued at approximately $157,540.60. The disclosure for this sale can be found here. Insiders sold 19,444 shares of company stock valued at $4,414,889 over the last ninety days. 1.70% of the stock is currently owned by insiders.

Eagle Materials Stock Performance

Shares of EXP traded down $0.46 on Monday, reaching $266.28. 172,752 shares of the company's stock traded hands, compared to its average volume of 297,786. The company has a current ratio of 2.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. The stock's 50 day simple moving average is $251.67 and its two-hundred day simple moving average is $206.15. Eagle Materials Inc. has a 52-week low of $135.31 and a 52-week high of $272.72. The stock has a market cap of $9.17 billion, a PE ratio of 18.82 and a beta of 1.34.

Eagle Materials (NYSE:EXP - Get Free Report) last released its earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.56 by $0.16. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. The business had revenue of $558.83 million during the quarter, compared to the consensus estimate of $537.23 million. On average, analysts forecast that Eagle Materials Inc. will post 14.29 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend is Thursday, March 14th. Eagle Materials's dividend payout ratio is currently 7.06%.

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; 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.

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