Canada Pension Plan Investment Board Has $4.81 Million Stock Position in Eagle Materials Inc. (NYSE:EXP)

Canada Pension Plan Investment Board raised its stake in Eagle Materials Inc. (NYSE:EXP) by 178.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,500 shares of the construction company’s stock after buying an additional 12,500 shares during the quarter. Canada Pension Plan Investment Board owned about 0.06% of Eagle Materials worth $4,812,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farringdon Capital Ltd. bought a new position in shares of Eagle Materials during the fourth quarter worth about $328,000. NewEdge Advisors LLC grew its stake in shares of Eagle Materials by 53.0% during the 4th quarter. NewEdge Advisors LLC now owns 6,460 shares of the construction company’s stock worth $1,594,000 after acquiring an additional 2,238 shares in the last quarter. Baupost Group LLC MA raised its holdings in shares of Eagle Materials by 27.6% in the fourth quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company’s stock valued at $157,488,000 after purchasing an additional 137,950 shares during the last quarter. Mariner LLC raised its holdings in shares of Eagle Materials by 5.0% in the fourth quarter. Mariner LLC now owns 7,333 shares of the construction company’s stock valued at $1,810,000 after purchasing an additional 347 shares during the last quarter. Finally, Optimize Financial Inc bought a new stake in shares of Eagle Materials in the fourth quarter worth $247,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Buying and Selling

In other Eagle Materials news, Director Michael R. Nicolais purchased 310 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the purchase, the director now owns 3,655 shares of the company’s stock, valued at approximately $940,650.80. The trade was a 9.27 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EXP. Stifel Nicolaus began coverage on shares of Eagle Materials in a research note on Tuesday, March 4th. They issued a “hold” rating and a $242.00 price target on the stock. Loop Capital lowered their target price on Eagle Materials from $280.00 to $245.00 and set a “hold” rating on the stock in a research report on Tuesday, April 1st. JPMorgan Chase & Co. reduced their price target on Eagle Materials from $310.00 to $250.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Citigroup lowered Eagle Materials from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $334.00 to $280.00 in a research report on Monday, January 6th. Finally, DA Davidson cut their price objective on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $279.40.

Eagle Materials Trading Up 2.6 %

EXP stock opened at $214.26 on Wednesday. The stock has a market cap of $7.13 billion, a price-to-earnings ratio of 15.30 and a beta of 1.25. The company has a fifty day moving average price of $222.42 and a two-hundred day moving average price of $257.38. Eagle Materials Inc. has a one year low of $201.61 and a one year high of $321.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01.

Eagle Materials (NYSE:EXP) last announced its earnings results on Wednesday, January 29th. The construction company reported $3.59 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. Equities analysts anticipate that Eagle Materials Inc. will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 17th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. Eagle Materials’s dividend payout ratio (DPR) is currently 7.14%.

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, 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.