Eagle Materials Inc. (NYSE:EXP) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Eagle Materials Inc. (NYSE:EXP) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,464 shares of the construction company’s stock after buying an additional 395 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Eagle Materials were worth $1,514,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of EXP. Larson Financial Group LLC acquired a new position in Eagle Materials during the 3rd quarter worth $25,000. BluePath Capital Management LLC acquired a new position in Eagle Materials during the 3rd quarter worth $31,000. Private Trust Co. NA grew its stake in Eagle Materials by 277.4% during the 3rd quarter. Private Trust Co. NA now owns 200 shares of the construction company’s stock worth $33,000 after purchasing an additional 147 shares in the last quarter. Planned Solutions Inc. acquired a new position in Eagle Materials during the 4th quarter worth $35,000. Finally, Headlands Technologies LLC acquired a new position in Eagle Materials during the 3rd quarter worth $53,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Stock Up 0.3 %

Eagle Materials stock opened at $253.93 on Friday. Eagle Materials Inc. has a fifty-two week low of $143.44 and a fifty-two week high of $272.72. 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 has a market capitalization of $8.75 billion, a P/E ratio of 17.92 and a beta of 1.34. The stock has a 50-day simple moving average of $255.52 and a 200-day simple moving average of $213.95.

Eagle Materials (NYSE:EXP) last posted its earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.56 by $0.16. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. The business had revenue of $558.83 million during the quarter, compared to the consensus estimate of $537.23 million. Equities research analysts expect that Eagle Materials Inc. will post 14.23 earnings per share for the current year.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend was Thursday, March 14th. Eagle Materials’s payout ratio is currently 7.06%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Raymond James boosted their target price on Eagle Materials from $170.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Loop Capital raised Eagle Materials from a “hold” rating to a “buy” rating and upped their price objective for the stock from $170.00 to $240.00 in a research report on Monday, January 8th. Stifel Nicolaus upped 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. Stephens upped their price objective on Eagle Materials from $250.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Truist Financial upped their price objective on Eagle Materials from $290.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Eagle Materials has a consensus rating of “Moderate Buy” and a consensus price target of $263.50.

Insider Activity

In other Eagle Materials news, EVP Matt Newby sold 2,940 shares of the company’s stock in a transaction that occurred 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 completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Eagle Materials news, SVP Tony Thompson sold 638 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $235.07, for a total transaction of $149,974.66. Following the completion of the sale, the senior vice president now directly owns 14,393 shares of the company’s stock, valued at approximately $3,383,362.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Matt Newby sold 2,940 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were 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 $5,479,841.85. The disclosure for this sale can be found here. In the last three months, insiders sold 10,090 shares of company stock valued at $2,401,577. Insiders own 1.70% 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; 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.