Swiss National Bank Has $14.43 Million Holdings in Eagle Materials Inc (NYSE:EXP)

Key Points

• The Swiss National Bank reduced its holdings in Eagle Materials Inc by 1.7%, owning approximately $14.43 million worth of shares after selling 1,100 shares in the first quarter.
• Multiple institutional investors have increased their positions in Eagle Materials, with Bridges Investment Management Inc increasing its stake by 111.4%.
• Analysts have mixed ratings on Eagle Materials, with an average target price of $255.33, indicating a consensus "Hold" recommendation among several research reports.

Swiss National Bank decreased its holdings in Eagle Materials Inc (NYSE:EXP - Free Report) by 1.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,000 shares of the construction company's stock after selling 1,100 shares during the period. Swiss National Bank owned about 0.20% of Eagle Materials worth $14,425,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bridges Investment Management Inc. increased its holdings in shares of Eagle Materials by 111.4% in the 1st quarter. Bridges Investment Management Inc. now owns 6,918 shares of the construction company's stock valued at $1,535,000 after purchasing an additional 3,645 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of Eagle Materials by 234.6% in the 1st quarter. Teacher Retirement System of Texas now owns 4,905 shares of the construction company's stock valued at $1,089,000 after purchasing an additional 3,439 shares during the period. GAMMA Investing LLC increased its holdings in shares of Eagle Materials by 21.2% in the 1st quarter. GAMMA Investing LLC now owns 819 shares of the construction company's stock valued at $182,000 after purchasing an additional 143 shares during the period. Hi Line Capital Management LLC acquired a new position in shares of Eagle Materials in the 1st quarter valued at about $4,770,000. Finally, Private Trust Co. NA increased its holdings in shares of Eagle Materials by 39.0% in the 1st quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock valued at $63,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

Wall Street Analysts Forecast Growth

EXP has been the subject of several recent research reports. Loop Capital boosted their price target on Eagle Materials from $230.00 to $245.00 and gave the company a "hold" rating in a research note on Wednesday, July 30th. Truist Financial lowered their price target on Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Stifel Nicolaus set a $241.00 price target on Eagle Materials and gave the company a "hold" rating in a research note on Wednesday, May 21st. Stephens set a $255.00 price target on Eagle Materials and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Finally, DA Davidson lowered their price target on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Eagle Materials currently has an average rating of "Hold" and an average target price of $255.33.

Eagle Materials Stock Up 3.2%

Shares of EXP stock opened at $241.31 on Thursday. The stock has a market cap of $7.83 billion, a P/E ratio of 17.77 and a beta of 1.24. Eagle Materials Inc has a one year low of $191.91 and a one year high of $321.93. The stock has a fifty day moving average price of $213.27 and a 200 day moving average price of $222.30. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its earnings results on Tuesday, July 29th. The construction company reported $3.76 EPS for the quarter, topping the consensus estimate of $3.73 by $0.03. The firm had revenue of $634.69 million during the quarter, compared to analysts' expectations of $611.52 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%. Analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Monday, September 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, September 15th. Eagle Materials's dividend payout ratio (DPR) is 7.36%.

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, 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.

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