Swiss National Bank Buys 1,800 Shares of Eagle Materials Inc. (NYSE:EXP)

Swiss National Bank boosted its stake in Eagle Materials Inc. (NYSE:EXPGet Rating) by 2.0% in the 2nd quarter, Holdings Channel reports. The firm owned 93,100 shares of the construction company’s stock after acquiring an additional 1,800 shares during the quarter. Swiss National Bank’s holdings in Eagle Materials were worth $10,235,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in EXP. Fifth Third Bancorp boosted its position in shares of Eagle Materials by 45.7% during the 2nd quarter. Fifth Third Bancorp now owns 325 shares of the construction company’s stock valued at $36,000 after acquiring an additional 102 shares during the last quarter. Prospera Financial Services Inc bought a new stake in shares of Eagle Materials during the 1st quarter valued at about $42,000. Meeder Asset Management Inc. boosted its position in shares of Eagle Materials by 90.9% during the 1st quarter. Meeder Asset Management Inc. now owns 462 shares of the construction company’s stock valued at $60,000 after acquiring an additional 220 shares during the last quarter. Van ECK Associates Corp bought a new stake in shares of Eagle Materials during the 2nd quarter valued at about $113,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Eagle Materials during the 1st quarter valued at about $142,000. Institutional investors own 93.41% of the company’s stock.

Eagle Materials Price Performance

Shares of Eagle Materials stock opened at $130.81 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.48 and a quick ratio of 1.46. The business’s 50 day simple moving average is $116.99 and its two-hundred day simple moving average is $120.32. The stock has a market capitalization of $4.82 billion, a P/E ratio of 12.00 and a beta of 1.29. Eagle Materials Inc. has a one year low of $101.98 and a one year high of $169.15.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 12th. Shareholders of record on Friday, December 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.76%. Eagle Materials’s dividend payout ratio (DPR) is currently 9.17%.

Analyst Upgrades and Downgrades

EXP has been the subject of a number of research analyst reports. The Goldman Sachs Group dropped their price target on Eagle Materials from $146.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, October 14th. Raymond James decreased their price objective on Eagle Materials from $145.00 to $140.00 and set an “outperform” rating on the stock in a report on Thursday, October 27th. Citigroup raised their price objective on Eagle Materials to $138.00 in a report on Thursday, October 27th. StockNews.com started coverage on Eagle Materials in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, Stephens raised their price objective on Eagle Materials from $150.00 to $155.00 and gave the company an “overweight” rating in a report on Thursday, October 27th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $150.11.

About Eagle Materials

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Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials and light building materials in the United States. It operates through Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard segments. 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.

See Also

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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