Asset Management One Co. Ltd. Acquires Shares of 5,311 Eagle Materials Inc. (NYSE:EXP)

Asset Management One Co. Ltd. bought a new position in shares of Eagle Materials Inc. (NYSE:EXP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,311 shares of the construction company’s stock, valued at approximately $1,085,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Larson Financial Group LLC acquired a new position in shares of Eagle Materials during the third quarter worth about $25,000. Dark Forest Capital Management LP acquired a new position in Eagle Materials during the 1st quarter worth approximately $26,000. BluePath Capital Management LLC purchased a new position in shares of Eagle Materials during the 3rd quarter worth approximately $31,000. Point72 Middle East FZE acquired a new stake in shares of Eagle Materials in the 4th quarter valued at approximately $31,000. Finally, Private Trust Co. NA boosted its stake in shares of Eagle Materials by 277.4% in the third quarter. Private Trust Co. NA now owns 200 shares of the construction company’s stock valued at $33,000 after buying an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Insider Transactions at Eagle Materials

In other news, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $215.60, for a total value of $1,078,000.00. Following the completion of the transaction, the chief financial officer now owns 62,610 shares of the company’s stock, valued at $13,498,716. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Eagle Materials news, EVP Matt Newby sold 2,940 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $251.15, for a total value of $738,381.00. Following the sale, the executive vice president now directly owns 21,819 shares of the company’s stock, valued at approximately $5,479,841.85. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $215.60, for a total transaction of $1,078,000.00. Following the transaction, the chief financial officer now directly owns 62,610 shares of the company’s stock, valued at approximately $13,498,716. The disclosure for this sale can be found here. Insiders sold a total of 19,444 shares of company stock worth $4,414,889 over the last ninety days. 1.70% of the stock is currently owned by corporate insiders.

Eagle Materials Trading Down 0.9 %

Shares of Eagle Materials stock opened at $254.90 on Friday. Eagle Materials Inc. has a 1 year low of $142.10 and a 1 year high of $272.72. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.61 and a quick ratio of 1.13. The business has a 50 day moving average price of $254.49 and a 200 day moving average price of $209.17. The company has a market capitalization of $8.78 billion, a P/E ratio of 17.99 and a beta of 1.34.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.56 by $0.16. The company had revenue of $558.83 million during the quarter, compared to analysts’ expectations of $537.23 million. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. Sell-side analysts anticipate that Eagle Materials Inc. will post 14.29 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The company 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. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. Eagle Materials’s dividend payout ratio is currently 7.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on EXP shares. Stifel Nicolaus raised their target price on Eagle Materials from $186.00 to $187.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. Raymond James boosted their price objective on shares of Eagle Materials from $170.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, January 29th. Citigroup increased their target price on shares of Eagle Materials from $244.00 to $311.00 and gave the company a “buy” rating in a report on Friday, April 5th. The Goldman Sachs Group boosted their price target on Eagle Materials from $215.00 to $238.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, JPMorgan Chase & Co. raised their price objective on Eagle Materials from $200.00 to $265.00 and gave the company a “neutral” rating in a research note on Friday, March 22nd. Two 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, the company presently has an average rating of “Moderate Buy” and an average target price of $242.20.

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; 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.