UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Eagle Materials Inc. (NYSE:EXP - Free Report) by 6.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 95,180 shares of the construction company's stock after selling 6,427 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.28% of Eagle Materials worth $27,379,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in EXP. McClarren Financial Advisors Inc. boosted its position in shares of Eagle Materials by 10,750.0% during the second quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company's stock valued at $47,000 after purchasing an additional 215 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Eagle Materials in the 3rd quarter worth about $64,000. GAMMA Investing LLC increased its stake in Eagle Materials by 23.3% during the 2nd quarter. GAMMA Investing LLC now owns 471 shares of the construction company's stock valued at $102,000 after purchasing an additional 89 shares in the last quarter. Quent Capital LLC increased its stake in Eagle Materials by 155.3% during the 3rd quarter. Quent Capital LLC now owns 434 shares of the construction company's stock valued at $125,000 after purchasing an additional 264 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Eagle Materials by 22.5% in the second quarter. Blue Trust Inc. now owns 680 shares of the construction company's stock worth $148,000 after buying an additional 125 shares during the last quarter. Institutional investors own 96.07% of the company's stock.
Insider Activity at Eagle Materials
In other Eagle Materials news, CEO Michael Haack sold 11,888 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total value of $3,691,224.00. Following the sale, the chief executive officer now owns 85,811 shares in the company, valued at $26,644,315.50. This trade represents a 12.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Tony Thompson sold 1,401 shares of Eagle Materials stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total transaction of $439,914.00. Following the sale, the senior vice president now owns 13,212 shares of the company's stock, valued at $4,148,568. The trade was a 9.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,866 shares of company stock worth $5,482,931. Company insiders own 1.60% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on EXP shares. Jefferies Financial Group raised their price target on shares of Eagle Materials from $309.00 to $330.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Truist Financial boosted their price target on Eagle Materials from $320.00 to $330.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. The Goldman Sachs Group increased their price objective on Eagle Materials from $277.00 to $317.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Loop Capital lowered Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 target price for the company. in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. raised their price target on shares of Eagle Materials from $290.00 to $310.00 and gave the company a "neutral" rating in a report on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Eagle Materials has a consensus rating of "Moderate Buy" and an average target price of $307.11.
Check Out Our Latest Stock Report on Eagle Materials
Eagle Materials Price Performance
EXP stock traded down $2.01 during trading on Thursday, hitting $299.83. 153,035 shares of the company's stock traded hands, compared to its average volume of 301,340. Eagle Materials Inc. has a 52 week low of $183.92 and a 52 week high of $321.93. The stock has a market capitalization of $10.06 billion, a price-to-earnings ratio of 21.31 and a beta of 1.33. The business has a fifty day simple moving average of $297.27 and a 200 day simple moving average of $261.03. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34.
Eagle Materials (NYSE:EXP - Get Free Report) last released 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). Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The company had revenue of $623.62 million during the quarter, compared to analysts' expectations of $651.46 million. During the same quarter in the prior year, the business posted $4.28 EPS. The company's revenue was up .2% on a year-over-year basis. As a group, research analysts expect that Eagle Materials Inc. will post 15.24 EPS for the current fiscal year.
Eagle Materials Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 16th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 0.33%. Eagle Materials's payout ratio is presently 7.06%.
Eagle Materials Company Profile
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Free Report)
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.
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