Eagle Materials Inc. (NYSE:EXP) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 330,689 shares of the construction company's stock after selling 4,768 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.99% of Eagle Materials worth $95,123,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD grew its stake in Eagle Materials by 1.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 351,258 shares of the construction company's stock worth $95,455,000 after purchasing an additional 3,897 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Eagle Materials by 481.5% in 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 acquiring an additional 6,885 shares in the last quarter. Ausbil Investment Management Ltd lifted its stake in Eagle Materials by 400.3% in the third quarter. Ausbil Investment Management Ltd now owns 12,978 shares of the construction company's stock worth $3,733,000 after acquiring an additional 10,384 shares during the last quarter. Comerica Bank grew its holdings in Eagle Materials by 94.8% during the 1st quarter. Comerica Bank now owns 32,772 shares of the construction company's stock worth $8,906,000 after acquiring an additional 15,949 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Eagle Materials by 441.1% during the 2nd quarter. SG Americas Securities LLC now owns 27,818 shares of the construction company's stock worth $6,049,000 after purchasing an additional 22,677 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Trading Up 0.1 %

Shares of EXP traded up $0.43 during mid-day trading on Wednesday, hitting $310.39. The company had a trading volume of 23,565 shares, compared to its average volume of 303,450. Eagle Materials Inc. has a 1-year low of $177.67 and a 1-year high of $321.93. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. The business's 50-day simple moving average is $294.49 and its 200-day simple moving average is $259.03. The stock has a market cap of $10.41 billion, a PE ratio of 21.89 and a beta of 1.32.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing analysts' consensus estimates of $4.75 by ($0.44). The firm 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%. During the same quarter last year, the business earned $4.28 earnings per share. The business's revenue for the quarter was up .2% compared to the same quarter last year. Sell-side analysts forecast that Eagle Materials Inc. will post 15.24 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Monday, December 16th. Eagle Materials's dividend payout ratio is presently 7.06%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on EXP shares. Loop Capital downgraded shares of Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price objective for the company. in a research report on Monday. The Goldman Sachs Group increased their target price on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Stephens raised their target price on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an "overweight" rating in a research note on Thursday, August 1st. Truist Financial increased their price target 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. Finally, Citigroup lifted their price target on Eagle Materials from $252.00 to $311.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Eagle Materials currently has an average rating of "Moderate Buy" and an average target price of $307.11.

Insider Transactions at Eagle Materials

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the sale, the director now owns 7,943 shares in the company, valued at $2,205,135.66. This represents a 11.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Tony Thompson sold 1,401 shares of the firm's stock in a transaction dated 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 owns 13,212 shares in the company, valued at approximately $4,148,568. The trade was a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,866 shares of company stock valued at $5,482,931 over the last quarter. Company 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.