BNP Paribas Financial Markets Has $9.06 Million Stock Position in Eagle Materials Inc. (NYSE:EXP)

BNP Paribas Financial Markets cut its position in Eagle Materials Inc. (NYSE:EXP - Free Report) by 54.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,507 shares of the construction company's stock after selling 37,076 shares during the period. BNP Paribas Financial Markets owned 0.09% of Eagle Materials worth $9,063,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Eagle Materials by 481.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,315 shares of the construction company's stock worth $1,808,000 after acquiring an additional 6,885 shares in the last quarter. Ausbil Investment Management Ltd grew 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 worth $3,733,000 after purchasing an additional 10,384 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Eagle Materials by 441.1% in the second quarter. SG Americas Securities LLC now owns 27,818 shares of the construction company's stock valued at $6,049,000 after buying an additional 22,677 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Eagle Materials in the third quarter valued at about $920,000. Finally, Cetera Investment Advisers lifted its position in Eagle Materials by 294.1% during the 1st quarter. Cetera Investment Advisers now owns 7,070 shares of the construction company's stock worth $1,921,000 after buying an additional 5,276 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Eagle Materials Stock Down 0.6 %

EXP stock traded down $1.79 during midday trading on Tuesday, hitting $301.86. The company's stock had a trading volume of 75,238 shares, compared to its average volume of 301,867. The company's fifty day moving average price is $296.54 and its 200 day moving average price is $260.42. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. Eagle Materials Inc. has a twelve month low of $182.39 and a twelve month high of $321.93. The stock has a market capitalization of $10.12 billion, a P/E ratio of 21.33 and a beta of 1.33.

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

Eagle Materials Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Monday, December 16th. Eagle Materials's dividend payout ratio (DPR) is currently 7.06%.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the business'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 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tony Thompson sold 1,401 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value of $439,914.00. Following the completion of the sale, the senior vice president now owns 13,212 shares in the company, valued at $4,148,568. This represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,866 shares of company stock worth $5,482,931 over the last quarter. 1.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Truist Financial raised 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. JPMorgan Chase & Co. increased their price objective on Eagle Materials from $290.00 to $310.00 and gave the company a "neutral" rating in a research report on Wednesday, November 27th. The Goldman Sachs Group lifted their target price on Eagle Materials from $277.00 to $317.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised their price target on Eagle Materials from $309.00 to $330.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Finally, Loop Capital cut Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price objective for the company. in a report on Monday, November 25th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $307.11.

About Eagle Materials

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.