Swiss National Bank Sells 400 Shares of Eagle Materials Inc. (NYSE:EXP)

Swiss National Bank cut its position in Eagle Materials Inc. (NYSE:EXPFree Report) by 0.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,100 shares of the construction company’s stock after selling 400 shares during the quarter. Swiss National Bank’s holdings in Eagle Materials were worth $13,005,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC acquired a new position in shares of Eagle Materials in the 3rd quarter valued at approximately $25,000. Dark Forest Capital Management LP acquired a new position in shares of Eagle Materials in the 1st quarter valued at approximately $26,000. Covestor Ltd raised its position in shares of Eagle Materials by 77.6% in the 2nd quarter. Covestor Ltd now owns 151 shares of the construction company’s stock valued at $28,000 after buying an additional 66 shares in the last quarter. BluePath Capital Management LLC acquired a new position in shares of Eagle Materials in the 3rd quarter valued at approximately $31,000. Finally, Point72 Middle East FZE acquired a new position in shares of Eagle Materials in the 4th quarter valued at approximately $31,000. 92.57% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Trading Down 0.1 %

EXP opened at $243.22 on Monday. Eagle Materials Inc. has a fifty-two week low of $129.76 and a fifty-two week high of $244.72. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.61 and a quick ratio of 1.13. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of 17.16 and a beta of 1.33. The company’s 50 day moving average price is $207.36 and its two-hundred day moving average price is $185.50.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, March 14th. Eagle Materials’s payout ratio is 7.06%.

Insider Activity

In other news, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $215.60, for a total value of $1,078,000.00. Following the sale, the chief financial officer now directly owns 62,610 shares of the company’s stock, valued at approximately $13,498,716. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $215.60, for a total value of $1,078,000.00. Following the sale, the chief financial officer now directly owns 62,610 shares of the company’s stock, valued at approximately $13,498,716. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David B. Powers sold 3,347 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $240.52, for a total transaction of $805,020.44. Following the completion of the sale, the director now directly owns 655 shares in the company, valued at $157,540.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,204 shares of company stock valued at $3,806,862. 1.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on EXP. Loop Capital upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and boosted their target price for the company from $170.00 to $240.00 in a research report on Monday, January 8th. Truist Financial upped their price objective on shares of Eagle Materials from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 29th. Stifel Nicolaus upped their price objective on shares of Eagle Materials from $186.00 to $187.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. The Goldman Sachs Group upped their price objective on shares of Eagle Materials from $215.00 to $238.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Finally, JPMorgan Chase & Co. upgraded shares of Eagle Materials from an “underweight” rating to a “neutral” rating and set a $200.00 price objective for the company in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $222.00.

View Our Latest Stock Report on Eagle Materials

About Eagle Materials

(Free Report)

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.

See Also

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

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