Pictet Asset Management Holding SA Buys 26,951 Shares of Eagle Materials Inc $EXP

Pictet Asset Management Holding SA grew its stake in shares of Eagle Materials Inc (NYSE:EXP) by 56.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,990 shares of the construction company’s stock after buying an additional 26,951 shares during the period. Pictet Asset Management Holding SA’s holdings in Eagle Materials were worth $15,499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in EXP. Versant Capital Management Inc grew its stake in Eagle Materials by 130.9% in the third quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock valued at $30,000 after acquiring an additional 72 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Eagle Materials in the third quarter valued at approximately $30,000. Measured Wealth Private Client Group LLC bought a new stake in Eagle Materials during the 3rd quarter worth about $34,000. EverSource Wealth Advisors LLC raised its holdings in Eagle Materials by 102.4% during the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after acquiring an additional 87 shares in the last quarter. Finally, Eastern Bank bought a new stake in shares of Eagle Materials during the 3rd quarter worth approximately $49,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Price Performance

EXP stock opened at $211.19 on Friday. The company has a fifty day moving average price of $199.25 and a 200-day moving average price of $213.49. Eagle Materials Inc has a 52-week low of $171.99 and a 52-week high of $243.64. The company has a market capitalization of $6.64 billion, a P/E ratio of 15.99 and a beta of 1.38. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 4.27.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, January 29th. The construction company reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.32 by ($0.10). Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The company had revenue of $555.96 million during the quarter, compared to analyst estimates of $556.41 million. During the same period in the previous year, the company posted $3.59 EPS. The company’s quarterly revenue was down .4% on a year-over-year basis. As a group, equities analysts expect that Eagle Materials Inc will post 12.72 EPS for the current year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Monday, March 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Eagle Materials’s dividend payout ratio is 7.57%.

Analysts Set New Price Targets

EXP has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Eagle Materials from $240.00 to $246.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. DA Davidson reduced their target price on shares of Eagle Materials from $225.00 to $210.00 and set a “neutral” rating for the company in a research report on Monday, February 2nd. Zacks Research raised Eagle Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Stephens reissued an “equal weight” rating and issued a $245.00 target price on shares of Eagle Materials in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $215.00 price target (down from $230.00) on shares of Eagle Materials in a research note on Monday, February 16th. Two investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $228.82.

About Eagle Materials

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.