New York State Common Retirement Fund Has $4.96 Million Holdings in Eagle Materials Inc. (NYSE:EXP)

New York State Common Retirement Fund cut its position in Eagle Materials Inc. (NYSE:EXP - Free Report) by 18.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,443 shares of the construction company's stock after selling 5,376 shares during the quarter. New York State Common Retirement Fund owned approximately 0.07% of Eagle Materials worth $4,958,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EXP. FMR LLC boosted its stake in shares of Eagle Materials by 41.0% during the third quarter. FMR LLC now owns 2,510,906 shares of the construction company's stock worth $418,116,000 after buying an additional 730,454 shares during the period. Invesco Ltd. increased its holdings in shares of Eagle Materials by 22.8% in the third quarter. Invesco Ltd. now owns 1,097,542 shares of the construction company's stock valued at $182,763,000 after purchasing an additional 203,862 shares during the period. William Blair Investment Management LLC raised its stake in shares of Eagle Materials by 271.7% during the third quarter. William Blair Investment Management LLC now owns 666,874 shares of the construction company's stock worth $111,048,000 after purchasing an additional 487,454 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Eagle Materials by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 329,032 shares of the construction company's stock worth $54,790,000 after purchasing an additional 5,609 shares during the period. Finally, American Century Companies Inc. grew its position in Eagle Materials by 2.7% in the 3rd quarter. American Century Companies Inc. now owns 235,040 shares of the construction company's stock valued at $39,139,000 after buying an additional 6,080 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Loop Capital upgraded shares of Eagle Materials from a "hold" rating to a "buy" rating and raised their price objective for the company from $170.00 to $240.00 in a research report on Monday, January 8th. Stifel Nicolaus increased their price objective on Eagle Materials from $250.00 to $300.00 and gave the stock a "buy" rating in a research report on Monday, April 15th. Raymond James boosted 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. Stephens upped their price target on shares of Eagle Materials from $250.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 24th. Finally, StockNews.com cut shares of Eagle Materials from a "buy" rating to a "hold" rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Eagle Materials has a consensus rating of "Moderate Buy" and a consensus price target of $263.50.

Eagle Materials Price Performance

NYSE EXP traded up $4.19 during trading hours on Friday, reaching $261.12. The company's stock had a trading volume of 393,279 shares, compared to its average volume of 261,444. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 2.61. The company's 50-day moving average is $256.72 and its two-hundred day moving average is $217.97. Eagle Materials Inc. has a fifty-two week low of $145.03 and a fifty-two week high of $272.72. The stock has a market cap of $9.00 billion, a PE ratio of 18.43 and a beta of 1.35.

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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.38%. The ex-dividend date was Thursday, March 14th. Eagle Materials's payout ratio is 7.06%.

Insider Transactions at Eagle Materials

In other news, EVP Matt Newby sold 2,940 shares of the firm's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $251.15, for a total transaction of $738,381.00. Following the sale, the executive vice president now owns 21,819 shares in the company, valued at $5,479,841.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director David B. Powers sold 3,347 shares of the business'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 of the company's stock, valued at approximately $157,540.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Matt Newby sold 2,940 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $251.15, for a total value of $738,381.00. Following the completion of the transaction, the executive vice president now directly owns 21,819 shares in the company, valued at $5,479,841.85. The disclosure for this sale can be found here. 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.