Wealth Enhancement Advisory Services LLC Sells 7,058 Shares of Eagle Materials Inc. (NYSE:EXP)

Wealth Enhancement Advisory Services LLC lowered its position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 84.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,257 shares of the construction company's stock after selling 7,058 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Eagle Materials were worth $362,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Baupost Group LLC MA purchased a new stake in shares of Eagle Materials during the first quarter valued at approximately $71,199,000. Captrust Financial Advisors increased its holdings in shares of Eagle Materials by 61.6% in the 1st quarter. Captrust Financial Advisors now owns 509,605 shares of the construction company's stock worth $138,485,000 after purchasing an additional 194,342 shares in the last quarter. Jupiter Asset Management Ltd. lifted its holdings in shares of Eagle Materials by 3,537.5% during the first quarter. Jupiter Asset Management Ltd. now owns 172,779 shares of the construction company's stock valued at $46,953,000 after purchasing an additional 168,029 shares in the last quarter. Epoch Investment Partners Inc. increased its holdings in Eagle Materials by 25.2% in the 2nd quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company's stock worth $175,111,000 after buying an additional 162,049 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in Eagle Materials by 33.4% during the 2nd quarter. Federated Hermes Inc. now owns 529,701 shares of the construction company's stock valued at $115,189,000 after acquiring an additional 132,677 shares during the period. Institutional investors own 96.07% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EXP shares. Citigroup raised their price target on Eagle Materials from $252.00 to $311.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Raymond James lowered shares of Eagle Materials from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 17th. The Goldman Sachs Group boosted their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Jefferies Financial Group raised their target price on Eagle Materials from $309.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Finally, Truist Financial upped their price target on Eagle Materials from $320.00 to $330.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Eagle Materials presently has a consensus rating of "Moderate Buy" and a consensus price target of $303.78.

Insider Buying and Selling at Eagle Materials

In related news, Director George John Damiris sold 1,000 shares of the stock in a transaction 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 approximately $2,205,135.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director George John Damiris sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the sale, the director now directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Tony Thompson sold 1,401 shares of the business's stock in a transaction 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 transaction, the senior vice president now owns 13,212 shares of the company's stock, valued at approximately $4,148,568. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

Eagle Materials Price Performance

EXP stock traded up $0.33 during mid-day trading on Friday, hitting $311.88. The company had a trading volume of 330,122 shares, compared to its average volume of 273,336. The company has a market capitalization of $10.46 billion, a price-to-earnings ratio of 22.03 and a beta of 1.32. The company has a 50-day moving average price of $282.58 and a 200 day moving average price of $255.35. 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 Inc. has a 12-month low of $164.45 and a 12-month high of $315.86.

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

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.