TD Asset Management Inc. Sells 60,135 Shares of Eagle Materials Inc. (NYSE:EXP)

TD Asset Management Inc. cut its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 8.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 671,478 shares of the construction company’s stock after selling 60,135 shares during the period. TD Asset Management Inc. owned 2.02% of Eagle Materials worth $165,694,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. FMR LLC lifted its holdings in Eagle Materials by 30.1% during the third quarter. FMR LLC now owns 3,801,257 shares of the construction company’s stock worth $1,093,432,000 after buying an additional 878,400 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Eagle Materials by 60.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company’s stock worth $499,111,000 after purchasing an additional 652,836 shares during the last quarter. Geode Capital Management LLC boosted its position in Eagle Materials by 3.5% during the third quarter. Geode Capital Management LLC now owns 707,607 shares of the construction company’s stock valued at $203,585,000 after purchasing an additional 23,911 shares in the last quarter. Baupost Group LLC MA grew its stake in Eagle Materials by 46.2% in the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock valued at $143,904,000 after purchasing an additional 158,171 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in Eagle Materials by 2.7% in the third quarter. Captrust Financial Advisors now owns 349,756 shares of the construction company’s stock worth $100,607,000 after purchasing an additional 9,216 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Michael R. Nicolais bought 310 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the purchase, the director now directly owns 3,655 shares in the company, valued at approximately $940,650.80. This trade represents a 9.27 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Eagle Materials Stock Up 0.3 %

Eagle Materials stock opened at $228.48 on Wednesday. The business’s 50-day simple moving average is $238.17 and its two-hundred day simple moving average is $265.99. The company has a market cap of $7.61 billion, a PE ratio of 16.32 and a beta of 1.37. Eagle Materials Inc. has a fifty-two week low of $205.44 and a fifty-two week high of $321.93. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 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%. Equities analysts anticipate that Eagle Materials Inc. will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 17th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials’s dividend payout ratio (DPR) is 7.14%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EXP. Stifel Nicolaus initiated coverage on shares of Eagle Materials in a report on Tuesday, March 4th. They issued a “hold” rating and a $242.00 price target on the stock. DA Davidson cut their price target on shares of Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Citigroup lowered Eagle Materials from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $334.00 to $280.00 in a report on Monday, January 6th. JPMorgan Chase & Co. dropped their target price on Eagle Materials from $310.00 to $250.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Finally, Jefferies Financial Group cut Eagle Materials from a “buy” rating to a “hold” rating and decreased their price target for the company from $330.00 to $310.00 in a research note on Monday, December 16th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $286.40.

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.