Eagle Materials Inc. (NYSE:EXP) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its position in Eagle Materials Inc. (NYSE:EXP - Free Report) by 7.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,715 shares of the construction company's stock after selling 2,937 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.11% of Eagle Materials worth $10,273,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of EXP. Price T Rowe Associates Inc. MD boosted its stake in Eagle Materials by 1.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 351,258 shares of the construction company's stock worth $95,455,000 after acquiring an additional 3,897 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Eagle Materials by 481.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,315 shares of the construction company's stock valued at $1,808,000 after purchasing an additional 6,885 shares during the last quarter. Ausbil Investment Management Ltd raised its holdings in shares of Eagle Materials by 400.3% during the third quarter. Ausbil Investment Management Ltd now owns 12,978 shares of the construction company's stock valued at $3,733,000 after purchasing an additional 10,384 shares during the last quarter. Comerica Bank raised its holdings in shares of Eagle Materials by 94.8% during the first quarter. Comerica Bank now owns 32,772 shares of the construction company's stock valued at $8,906,000 after purchasing an additional 15,949 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Eagle Materials by 441.1% during the second quarter. SG Americas Securities LLC now owns 27,818 shares of the construction company's stock valued at $6,049,000 after purchasing an additional 22,677 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

EXP has been the subject of a number of research reports. Jefferies Financial Group upped their target price on shares of Eagle Materials from $309.00 to $330.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Stephens upped their price target on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. The Goldman Sachs Group upped their target price on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on shares of Eagle Materials from $270.00 to $290.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 9th. Finally, Truist Financial increased their price objective on shares of Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $303.78.

Insider Buying and Selling at Eagle Materials

In other news, Director George John Damiris sold 1,000 shares of Eagle Materials stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total value of $277,620.00. Following the transaction, the director now owns 7,943 shares of the company's stock, valued at $2,205,135.66. The trade was a 11.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tony Thompson sold 1,401 shares of Eagle Materials stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the completion of the transaction, the senior vice president now directly owns 13,212 shares in the company, valued at approximately $4,148,568. The trade was a 9.59 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company's stock.

Eagle Materials Trading Up 2.1 %

EXP stock traded up $6.18 during trading on Thursday, hitting $306.45. The company had a trading volume of 30,968 shares, compared to its average volume of 303,059. The firm has a market capitalization of $10.28 billion, a P/E ratio of 21.21 and a beta of 1.32. Eagle Materials Inc. has a 52-week low of $177.65 and a 52-week high of $317.00. The company has a 50 day simple moving average of $292.00 and a 200-day simple moving average of $258.13. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.44). The company had revenue of $623.62 million during the quarter, compared to analysts' expectations of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business earned $4.28 EPS. As a group, research analysts forecast that Eagle Materials Inc. will post 15.24 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Monday, December 16th. Eagle Materials's dividend payout ratio (DPR) is 7.06%.

Eagle Materials Company 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.