Canada Pension Plan Investment Board Has $4.81 Million Holdings in Eagle Materials Inc. (NYSE:EXP)

Canada Pension Plan Investment Board boosted its holdings in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 178.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,500 shares of the construction company's stock after acquiring an additional 12,500 shares during the period. Canada Pension Plan Investment Board owned approximately 0.06% of Eagle Materials worth $4,812,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Private Trust Co. NA lifted its holdings in shares of Eagle Materials by 53.0% in the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after purchasing an additional 71 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Eagle Materials by 154.8% in the fourth quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after purchasing an additional 144 shares in the last quarter. R Squared Ltd bought a new stake in shares of Eagle Materials in the fourth quarter valued at about $81,000. Smartleaf Asset Management LLC lifted its holdings in shares of Eagle Materials by 10.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock valued at $140,000 after purchasing an additional 56 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Eagle Materials by 10.6% during the 4th quarter. GAMMA Investing LLC now owns 676 shares of the construction company's stock worth $167,000 after purchasing an additional 65 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on EXP. DA Davidson decreased their target price on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Truist Financial decreased their target price on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Thursday. Stephens reissued an "overweight" rating and issued a $310.00 target price on shares of Eagle Materials in a research note on Thursday, January 30th. JPMorgan Chase & Co. decreased their target price on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Finally, Stifel Nicolaus began coverage on shares of Eagle Materials in a research note on Tuesday, March 4th. They issued a "hold" rating and a $242.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $274.40.

Insider Transactions at Eagle Materials

In related news, Director Michael R. Nicolais purchased 310 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average price of $257.36 per share, with a total value of $79,781.60. Following the completion of the purchase, the director now directly owns 3,655 shares in the company, valued at $940,650.80. This trade represents a 9.27 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company's stock.

Eagle Materials Stock Performance

Shares of EXP traded up $2.49 during midday trading on Monday, reaching $221.37. 305,187 shares of the stock were exchanged, compared to its average volume of 333,072. Eagle Materials Inc. has a twelve month low of $201.61 and a twelve month high of $321.93. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The company has a market cap of $7.37 billion, a P/E ratio of 15.81 and a beta of 1.25. The stock's 50 day simple moving average is $220.06 and its 200 day simple moving average is $255.20.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share for the quarter, missing analysts' consensus estimates of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. On average, sell-side analysts expect that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 17th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, March 17th. Eagle Materials's dividend payout ratio is currently 7.14%.

Eagle Materials Company 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, 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.