Swiss National Bank Sells 1,700 Shares of Eagle Materials Inc. (NYSE:EXP)

Swiss National Bank cut its stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,100 shares of the construction company's stock after selling 1,700 shares during the period. Swiss National Bank owned approximately 0.20% of Eagle Materials worth $19,014,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EXP. Bessemer Group Inc. grew its stake in Eagle Materials by 132.7% in the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company's stock valued at $31,000 after acquiring an additional 65 shares during the period. Acadian Asset Management LLC acquired a new position in Eagle Materials in the first quarter valued at about $42,000. McClarren Financial Advisors Inc. grew its stake in Eagle Materials by 10,750.0% in the second quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company's stock valued at $47,000 after acquiring an additional 215 shares during the period. EntryPoint Capital LLC grew its stake in Eagle Materials by 1,760.0% in the first quarter. EntryPoint Capital LLC now owns 186 shares of the construction company's stock valued at $51,000 after acquiring an additional 176 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in Eagle Materials in the third quarter valued at about $64,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director George John Damiris sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the sale, the director now owns 7,943 shares of the company's stock, valued at $2,205,135.66. This represents a 11.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Tony Thompson sold 1,401 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value of $439,914.00. Following the completion of the sale, the senior vice president now directly owns 13,212 shares in the company, valued at approximately $4,148,568. This represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,978 shares of company stock valued at $1,791,707. 1.60% of the stock is owned by insiders.

Eagle Materials Stock Performance

NYSE:EXP traded up $5.29 on Friday, hitting $314.40. The company's stock had a trading volume of 241,919 shares, compared to its average volume of 303,786. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The stock has a fifty day moving average of $293.76 and a two-hundred day moving average of $258.82. The firm has a market capitalization of $10.54 billion, a P/E ratio of 22.20 and a beta of 1.32. Eagle Materials Inc. has a one year low of $177.65 and a one year high of $317.00.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.44). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The business had revenue of $623.62 million during the quarter, compared to the consensus estimate of $651.46 million. During the same quarter in the prior year, the company earned $4.28 EPS. Eagle Materials's quarterly revenue was up .2% on a year-over-year basis. Research analysts predict that Eagle Materials Inc. will post 15.24 earnings per share for the current year.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Monday, December 16th. Eagle Materials's payout ratio is 7.06%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EXP shares. The Goldman Sachs Group upped their price objective on Eagle Materials from $277.00 to $317.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on Eagle Materials from $309.00 to $330.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Citigroup upped their price objective on Eagle Materials from $252.00 to $311.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Stephens upped their price objective on Eagle Materials from $280.00 to $315.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. Finally, Truist Financial upped their price objective on Eagle Materials from $320.00 to $330.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $303.78.

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.