HAP Trading LLC bought a new position in Eagle Materials, Inc. (NYSE:EXP) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 17,134 shares of the construction company’s stock, valued at approximately $1,941,000.
Other large investors have also recently made changes to their positions in the company. Cigna Investments Inc. New bought a new position in shares of Eagle Materials in the 4th quarter worth approximately $205,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of Eagle Materials in the 3rd quarter worth approximately $201,000. Ingalls & Snyder LLC bought a new position in shares of Eagle Materials in the 4th quarter worth approximately $234,000. HM Payson & Co. bought a new position in shares of Eagle Materials in the 3rd quarter worth approximately $225,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Eagle Materials by 45.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,709 shares of the construction company’s stock worth $307,000 after acquiring an additional 841 shares in the last quarter. 95.37% of the stock is owned by hedge funds and other institutional investors.
Shares of Eagle Materials, Inc. (NYSE EXP) opened at $102.75 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.44 and a quick ratio of 1.06. The firm has a market capitalization of $5,000.72, a P/E ratio of 20.59, a P/E/G ratio of 2.50 and a beta of 1.17. Eagle Materials, Inc. has a 52 week low of $86.51 and a 52 week high of $122.49.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, April 12th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, April 11th. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. Eagle Materials’s payout ratio is currently 7.59%.
In related news, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $111.64, for a total value of $558,200.00. Following the sale, the chief financial officer now owns 56,778 shares in the company, valued at approximately $6,338,695.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert S. Stewart sold 29,892 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $111.77, for a total value of $3,341,028.84. Following the completion of the sale, the executive vice president now owns 34,323 shares in the company, valued at approximately $3,836,281.71. The disclosure for this sale can be found here. Insiders sold a total of 61,623 shares of company stock worth $6,930,994 in the last 90 days. 4.10% of the stock is currently owned by company insiders.
Several research firms recently weighed in on EXP. Stifel Nicolaus restated a “buy” rating and issued a $130.00 price target on shares of Eagle Materials in a research note on Friday. Zacks Investment Research upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Finally, Citigroup upped their price target on Eagle Materials from $121.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Eagle Materials presently has a consensus rating of “Hold” and an average target price of $135.00.
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About Eagle Materials
Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.
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