Tokio Marine Asset Management Co. Ltd. Makes New $8.41 Million Investment in Eagle Materials Inc. (NYSE:EXP)

Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 34,087 shares of the construction company's stock, valued at approximately $8,411,000. Tokio Marine Asset Management Co. Ltd. owned approximately 0.10% of Eagle Materials as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Squarepoint Ops LLC bought a new position in shares of Eagle Materials during the 2nd quarter valued at $805,000. Millennium Management LLC increased its holdings in shares of Eagle Materials by 1,433.5% in the second quarter. Millennium Management LLC now owns 15,320 shares of the construction company's stock worth $3,331,000 after buying an additional 14,321 shares during the period. Sanctuary Advisors LLC bought a new stake in Eagle Materials in the second quarter valued at approximately $523,000. Central Pacific Bank Trust Division increased its stake in shares of Eagle Materials by 23.5% in the third quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company's stock worth $181,000 after buying an additional 120 shares during the period. Finally, Trivant Custom Portfolio Group LLC boosted its position in Eagle Materials by 3.2% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 2,585 shares of the construction company's stock valued at $744,000 after buying an additional 79 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Richard Ross Stewart sold 3,577 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the completion of the transaction, the director now directly owns 1,100 shares of the company's stock, valued at $330,330. The trade was a 76.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael Haack sold 11,888 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the transaction, the chief executive officer now owns 85,811 shares of the company's stock, valued at $26,644,315.50. This trade represents a 12.17 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company's stock.

Eagle Materials Stock Performance

Shares of NYSE:EXP traded up $1.74 during midday trading on Wednesday, reaching $255.07. The company's stock had a trading volume of 148,884 shares, compared to its average volume of 301,161. The firm has a market capitalization of $8.49 billion, a PE ratio of 18.22 and a beta of 1.37. Eagle Materials Inc. has a twelve month low of $211.44 and a twelve month high of $321.93. The stock has a fifty day moving average of $262.42 and a 200 day moving average of $270.62. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share for the quarter, missing analysts' consensus estimates of $3.97 by ($0.38). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. On average, equities analysts expect that Eagle Materials Inc. will post 14.6 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 16th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.39%. Eagle Materials's dividend payout ratio is presently 7.14%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EXP shares. Jefferies Financial Group cut shares of Eagle Materials from a "buy" rating to a "hold" rating and cut their price target for the company from $330.00 to $310.00 in a report on Monday, December 16th. Loop Capital downgraded Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 target price on the stock. in a research report on Monday, November 25th. Truist Financial increased their price objective on shares of Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. upped their target price on Eagle Materials from $290.00 to $310.00 and gave the company a "neutral" rating in a research note on Wednesday, November 27th. Finally, Citigroup downgraded Eagle Materials from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $334.00 to $280.00 in a report on Monday, January 6th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $296.80.

About Eagle Materials

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, including Portland limestone 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, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.