147 Shares in Eagle Materials Inc. (NYSE:EXP) Acquired by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. acquired a new position in Eagle Materials Inc. (NYSE:EXP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 147 shares of the construction company’s stock, valued at approximately $30,000.

Other hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC purchased a new position in Eagle Materials in the third quarter worth approximately $25,000. Planned Solutions Inc. acquired a new position in Eagle Materials during the fourth quarter worth $35,000. BluePath Capital Management LLC acquired a new position in Eagle Materials during the third quarter worth $31,000. Headlands Technologies LLC acquired a new position in Eagle Materials during the third quarter worth $53,000. Finally, Covestor Ltd lifted its stake in Eagle Materials by 112.6% during the third quarter. Covestor Ltd now owns 321 shares of the construction company’s stock worth $54,000 after purchasing an additional 170 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Eagle Materials from $200.00 to $265.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. Raymond James upped their price target on Eagle Materials from $170.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Stephens upped their price target on Eagle Materials from $250.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. The Goldman Sachs Group upped their price target on Eagle Materials from $238.00 to $273.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Loop Capital upgraded Eagle Materials from a “hold” rating to a “buy” rating and upped their price target for the stock from $170.00 to $240.00 in a research note on Monday, January 8th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $263.50.

Insider Activity at Eagle Materials

In related news, EVP Matt Newby sold 2,940 shares of the 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 transaction, 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 accessible through this link. In related news, EVP Matt Newby sold 2,940 shares of the 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 transaction, 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 accessible through this link. Also, SVP Tony Thompson sold 638 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $235.07, for a total value of $149,974.66. Following the completion of the transaction, the senior vice president now directly owns 14,393 shares in the company, valued at approximately $3,383,362.51. The disclosure for this sale can be found here. Insiders have sold 6,925 shares of company stock valued at $1,693,376 over the last quarter. 1.70% of the stock is owned by insiders.

Eagle Materials Stock Up 0.8 %

Shares of NYSE EXP opened at $252.60 on Thursday. The stock has a market cap of $8.70 billion, a P/E ratio of 17.83 and a beta of 1.35. The company has a current ratio of 2.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. Eagle Materials Inc. has a 12-month low of $145.03 and a 12-month high of $272.72. The business’s fifty day simple moving average is $256.13 and its 200-day simple moving average is $216.43.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.40%. The ex-dividend date was Thursday, March 14th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

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; 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.