KBC Group NV Has $4.10 Million Stock Position in Eagle Materials Inc. (NYSE:EXP)

KBC Group NV increased its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 1,621.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,616 shares of the construction company's stock after purchasing an additional 15,651 shares during the quarter. KBC Group NV's holdings in Eagle Materials were worth $4,100,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EXP. FMR LLC increased its holdings in shares of Eagle Materials by 30.1% in the third quarter. FMR LLC now owns 3,801,257 shares of the construction company's stock valued at $1,093,432,000 after buying an additional 878,400 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Eagle Materials by 60.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company's stock worth $499,111,000 after acquiring an additional 652,836 shares during the last quarter. Baupost Group LLC MA raised its position in shares of Eagle Materials by 46.2% during the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company's stock worth $143,904,000 after purchasing an additional 158,171 shares during the period. World Investment Advisors LLC purchased a new stake in shares of Eagle Materials during the third quarter valued at $34,846,000. Finally, Merewether Investment Management LP purchased a new stake in shares of Eagle Materials during the third quarter valued at $22,552,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Stock Down 1.2 %

EXP stock traded down $3.17 during mid-day trading on Monday, hitting $253.57. The stock had a trading volume of 334,811 shares, compared to its average volume of 311,897. Eagle Materials Inc. has a 1-year low of $211.44 and a 1-year high of $321.93. The company has a fifty day moving average of $264.79 and a 200 day moving average of $270.29. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $8.44 billion, a price-to-earnings ratio of 18.11 and a beta of 1.37.

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

Eagle Materials Announces Dividend

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

Insider Buying and Selling

In other news, CEO Michael Haack sold 11,888 shares of Eagle Materials stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Tony Thompson sold 1,401 shares of Eagle Materials stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the completion of the transaction, the senior vice president now owns 13,212 shares in the company, valued at $4,148,568. This trade represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,866 shares of company stock worth $5,205,311. Corporate insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on EXP shares. Citigroup cut Eagle Materials from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $334.00 to $280.00 in a research note on Monday, January 6th. Jefferies Financial Group lowered 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. Stephens restated an "overweight" rating and issued a $310.00 price target on shares of Eagle Materials in a research report on Thursday. The Goldman Sachs Group lifted their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, Truist Financial increased their target price on Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a report on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $296.80.

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, 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.