Asset Management One Co. Ltd. Makes New $1.09 Million Investment in Eagle Materials Inc. (NYSE:EXP)

Asset Management One Co. Ltd. purchased a new position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,311 shares of the construction company's stock, valued at approximately $1,085,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC raised its holdings in Eagle Materials by 2.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,793 shares of the construction company's stock worth $632,000 after purchasing an additional 74 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Eagle Materials by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 12,674 shares of the construction company's stock worth $2,110,000 after buying an additional 82 shares during the period. Rockefeller Capital Management L.P. grew its position in Eagle Materials by 1.7% during the second quarter. Rockefeller Capital Management L.P. now owns 5,421 shares of the construction company's stock worth $1,011,000 after buying an additional 92 shares during the period. Harbor Investment Advisory LLC grew its position in Eagle Materials by 31.0% during the third quarter. Harbor Investment Advisory LLC now owns 418 shares of the construction company's stock worth $70,000 after buying an additional 99 shares during the period. Finally, First Republic Investment Management Inc. grew its position in Eagle Materials by 2.1% during the first quarter. First Republic Investment Management Inc. now owns 5,239 shares of the construction company's stock worth $769,000 after buying an additional 109 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Trading Down 0.9 %

NYSE EXP traded down $2.33 during mid-day trading on Friday, reaching $254.90. 258,174 shares of the stock were exchanged, compared to its average volume of 268,033. Eagle Materials Inc. has a 1-year low of $142.10 and a 1-year high of $272.72. The business's fifty day simple moving average is $254.49 and its 200 day simple moving average is $209.47. The stock has a market capitalization of $8.78 billion, a PE ratio of 17.99 and a beta of 1.34. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 2.61.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.56 by $0.16. The firm had revenue of $558.83 million for the quarter, compared to analyst estimates of $537.23 million. Eagle Materials had a net margin of 22.24% and a return on equity of 40.05%. On average, research analysts anticipate that Eagle Materials Inc. will post 14.29 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Thursday, March 14th. Eagle Materials's dividend payout ratio is currently 7.06%.

Analysts Set New Price Targets

EXP has been the topic of several recent analyst reports. Raymond James upped their target price on shares of Eagle Materials from $170.00 to $230.00 and gave the stock an "outperform" rating in a research report on Monday, January 29th. StockNews.com lowered shares of Eagle Materials from a "buy" rating to a "hold" rating in a research report on Wednesday. Truist Financial increased their price target on shares of Eagle Materials from $290.00 to $320.00 and gave the company a "buy" rating in a research report on Tuesday, April 2nd. Citigroup increased their price target on shares of Eagle Materials from $244.00 to $311.00 and gave the company a "buy" rating in a research report on Friday, April 5th. Finally, Stifel Nicolaus increased their price target on shares of Eagle Materials from $186.00 to $187.00 and gave the company a "buy" rating in a research report on Tuesday, December 19th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $242.20.

Insiders Place Their Bets

In other Eagle Materials news, EVP Matt Newby sold 2,940 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $251.15, for a total transaction of $738,381.00. Following the transaction, the executive vice president now owns 21,819 shares of the company's stock, valued at $5,479,841.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP William R. Devlin sold 2,354 shares of Eagle Materials stock in a transaction on Friday, January 26th. The shares were sold at an average price of $214.95, for a total transaction of $505,992.30. Following the transaction, the senior vice president now owns 24,998 shares in the company, valued at approximately $5,373,320.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Matt Newby sold 2,940 shares of Eagle Materials stock in a transaction on Monday, February 26th. The shares were sold at an average price of $251.15, for a total transaction of $738,381.00. Following the transaction, the executive vice president now owns 21,819 shares in the company, valued at approximately $5,479,841.85. The disclosure for this sale can be found here. Insiders have sold a total of 19,444 shares of company stock valued at $4,414,889 over the last quarter. Company insiders own 1.70% of the company's stock.

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; 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.