BI Asset Management Fondsmaeglerselskab A S Purchases 3,570 Shares of Eagle Materials Inc. (NYSE:EXP)

BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 101.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,077 shares of the construction company's stock after buying an additional 3,570 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Eagle Materials were worth $1,746,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Private Trust Co. NA lifted its position in shares of Eagle Materials by 53.0% during the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after buying an additional 71 shares in the last quarter. Huntington National Bank lifted its position in shares of Eagle Materials by 154.8% during the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after buying an additional 144 shares in the last quarter. R Squared Ltd purchased a new position in shares of Eagle Materials during the 4th quarter valued at about $81,000. Smartleaf Asset Management LLC lifted its position in shares of Eagle Materials by 10.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock valued at $140,000 after buying an additional 56 shares in the last quarter. Finally, GAMMA Investing LLC lifted 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 valued at $167,000 after buying an additional 65 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Eagle Materials Price Performance

Shares of EXP traded down $2.58 during mid-day trading on Friday, hitting $218.71. 233,705 shares of the stock were exchanged, compared to its average volume of 333,184. The company has a market cap of $7.28 billion, a PE ratio of 15.62 and a beta of 1.25. Eagle Materials Inc. has a 52-week low of $201.61 and a 52-week high of $321.93. The firm has a 50-day moving average of $220.45 and a two-hundred day moving average of $255.69. 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 - Get Free Report) last released its earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share 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%. On average, equities analysts predict that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 17th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, March 17th. Eagle Materials's dividend payout ratio is currently 7.14%.

Insider Activity

In other Eagle Materials news, Director Michael R. Nicolais acquired 310 shares of the business's stock in a transaction on Monday, February 10th. The shares were bought at an average price of $257.36 per share, with a total value of $79,781.60. Following the transaction, the director now directly owns 3,655 shares of the company's stock, valued at $940,650.80. The trade was a 9.27 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.60% of the company's stock.

Eagle Materials 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.