New York State Common Retirement Fund Sells 5,376 Shares of Eagle Materials Inc. (NYSE:EXP)

New York State Common Retirement Fund decreased its holdings in Eagle Materials Inc. (NYSE:EXPFree Report) by 18.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,443 shares of the construction company’s stock after selling 5,376 shares during the period. New York State Common Retirement Fund owned approximately 0.07% of Eagle Materials worth $4,958,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in EXP. Larson Financial Group LLC purchased a new stake in Eagle Materials during the 3rd quarter valued at $25,000. Planned Solutions Inc. purchased a new stake in Eagle Materials during the 4th quarter valued at $35,000. BluePath Capital Management LLC purchased a new stake in Eagle Materials during the 3rd quarter valued at $31,000. Headlands Technologies LLC purchased a new stake in Eagle Materials during the 3rd quarter valued at $53,000. Finally, Covestor Ltd boosted its position in Eagle Materials by 112.6% during the 3rd quarter. Covestor Ltd now owns 321 shares of the construction company’s stock valued at $54,000 after buying an additional 170 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Eagle Materials from $238.00 to $273.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Raymond James raised their target price on shares of Eagle Materials from $170.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Stifel Nicolaus raised their target price on shares of Eagle Materials from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Loop Capital raised shares of Eagle Materials from a “hold” rating to a “buy” rating and raised their target price for the stock from $170.00 to $240.00 in a research report on Monday, January 8th. Finally, JPMorgan Chase & Co. raised their target price on shares of Eagle Materials from $200.00 to $265.00 and gave the stock a “neutral” rating in a research report on Friday, March 22nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Eagle Materials has a consensus rating of “Moderate Buy” and an average price target of $263.50.

Check Out Our Latest Report on EXP

Insiders Place Their Bets

In related news, Director David B. Powers sold 3,347 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $240.52, for a total transaction of $805,020.44. Following the completion of the sale, the director now owns 655 shares of the company’s stock, valued at $157,540.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Matt Newby sold 2,940 shares of Eagle Materials stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $251.15, for a total value of $738,381.00. Following the completion of the sale, the executive vice president now directly owns 21,819 shares in the company, valued at approximately $5,479,841.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David B. Powers sold 3,347 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $240.52, for a total transaction of $805,020.44. Following the transaction, the director now owns 655 shares in the company, valued at approximately $157,540.60. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

Eagle Materials Price Performance

Shares of NYSE:EXP opened at $261.12 on Friday. The business has a fifty day moving average price of $256.72 and a 200-day moving average price of $217.61. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.61 and a quick ratio of 1.13. The company has a market capitalization of $9.00 billion, a PE ratio of 18.43 and a beta of 1.35. Eagle Materials Inc. has a 1-year low of $145.03 and a 1-year high of $272.72.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.00 annualized dividend and a yield of 0.38%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

Eagle Materials Profile

(Free Report)

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; 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.

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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