Oppenheimer Asset Management Inc. Has $3.55 Million Position in Eagle Materials Inc. (NYSE:EXP)

Oppenheimer Asset Management Inc. trimmed its position in Eagle Materials Inc. (NYSE:EXP) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,398 shares of the construction company’s stock after selling 93 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Eagle Materials were worth $3,553,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of EXP. CIBC Asset Management Inc raised its holdings in Eagle Materials by 3.7% in the third quarter. CIBC Asset Management Inc now owns 1,032 shares of the construction company’s stock worth $297,000 after purchasing an additional 37 shares during the period. Coldstream Capital Management Inc. increased its position in shares of Eagle Materials by 1.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,981 shares of the construction company’s stock valued at $858,000 after buying an additional 41 shares in the last quarter. Financial Strategies Group Inc. raised its stake in Eagle Materials by 4.4% during the 3rd quarter. Financial Strategies Group Inc. now owns 1,022 shares of the construction company’s stock worth $304,000 after buying an additional 43 shares during the period. Sprott Inc. lifted its holdings in Eagle Materials by 3.0% during the fourth quarter. Sprott Inc. now owns 1,695 shares of the construction company’s stock worth $418,000 after acquiring an additional 50 shares in the last quarter. Finally, National Bank of Canada FI grew its stake in Eagle Materials by 1.5% in the third quarter. National Bank of Canada FI now owns 3,872 shares of the construction company’s stock valued at $1,114,000 after acquiring an additional 57 shares during the period. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Trading Up 0.8 %

Shares of NYSE:EXP opened at $226.13 on Friday. The stock has a market capitalization of $7.53 billion, a PE ratio of 16.15 and a beta of 1.37. The company’s 50-day moving average price is $247.57 and its two-hundred day moving average price is $269.98. 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 Inc. has a one year low of $211.44 and a one year high of $321.93.

Eagle Materials (NYSE:EXP) last released its earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share (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%. On average, equities analysts forecast that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date is Monday, March 17th. Eagle Materials’s dividend payout ratio (DPR) is currently 7.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on EXP shares. DA Davidson dropped their price target on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Truist Financial raised their target price on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Citigroup downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $334.00 to $280.00 in a research report on Monday, January 6th. Jefferies Financial Group lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $330.00 to $310.00 in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $296.80.

Insiders Place Their Bets

In other news, Director Michael R. Nicolais bought 310 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were bought at an average cost of $257.36 per share, with a total value of $79,781.60. Following the acquisition, the director now owns 3,655 shares in the company, valued at $940,650.80. This trade represents a 9.27 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% of the company’s stock.

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.