Eagle Materials Inc. (NYSE:EXP) Position Boosted by Handelsbanken Fonder AB

Handelsbanken Fonder AB lifted its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 63.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,230 shares of the construction company’s stock after purchasing an additional 2,800 shares during the period. Handelsbanken Fonder AB’s holdings in Eagle Materials were worth $1,467,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of EXP. CWM LLC lifted its holdings in Eagle Materials by 102.0% in the third quarter. CWM LLC now owns 1,685 shares of the construction company’s stock worth $281,000 after acquiring an additional 851 shares during the last quarter. Private Trust Co. NA lifted its holdings in Eagle Materials by 277.4% in the third quarter. Private Trust Co. NA now owns 200 shares of the construction company’s stock worth $33,000 after acquiring an additional 147 shares during the last quarter. Simplicity Solutions LLC lifted its holdings in Eagle Materials by 18.2% in the third quarter. Simplicity Solutions LLC now owns 3,656 shares of the construction company’s stock worth $609,000 after acquiring an additional 564 shares during the last quarter. Sheets Smith Wealth Management bought a new position in Eagle Materials in the third quarter worth about $379,000. Finally, Callahan Advisors LLC lifted its holdings in Eagle Materials by 13.8% in the third quarter. Callahan Advisors LLC now owns 37,534 shares of the construction company’s stock worth $6,250,000 after acquiring an additional 4,541 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Insiders Place Their Bets

In other Eagle Materials news, EVP Matt Newby sold 2,940 shares of Eagle Materials 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 transaction, the executive vice president now owns 21,819 shares in the company, valued at $5,479,841.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Eagle Materials news, SVP Tony Thompson sold 638 shares of Eagle Materials stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $235.07, for a total value of $149,974.66. Following the transaction, the senior vice president now owns 14,393 shares in the company, valued at $3,383,362.51. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Matt Newby sold 2,940 shares of Eagle Materials 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 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. Over the last 90 days, insiders have sold 10,090 shares of company stock worth $2,401,577. 1.70% of the stock is owned by insiders.

Eagle Materials Price Performance

NYSE EXP opened at $256.70 on Friday. Eagle Materials Inc. has a 12 month low of $143.95 and a 12 month 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 firm has a market capitalization of $8.84 billion, a PE ratio of 18.12 and a beta of 1.34. The company’s 50 day simple moving average is $255.73 and its 200 day simple moving average is $214.87.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Thursday, January 25th. The construction company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.56 by $0.16. Eagle Materials had a net margin of 22.24% and a return on equity of 40.05%. The business had revenue of $558.83 million for the quarter, compared to analyst estimates of $537.23 million. As a group, equities research analysts forecast that Eagle Materials Inc. will post 14.23 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.00 annualized dividend and a yield of 0.39%. Eagle Materials’s dividend payout ratio (DPR) is 7.06%.

Wall Street Analysts Forecast Growth

EXP has been the topic of a number of recent research reports. Raymond James raised their target price 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. Loop Capital upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and raised their price target for the company from $170.00 to $240.00 in a research note on Monday, January 8th. The Goldman Sachs Group raised their price target on shares of Eagle Materials from $238.00 to $273.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. StockNews.com lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, Stephens raised their price target on shares of Eagle Materials from $250.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $263.50.

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.