First Dallas Securities Inc. Sells 4,924 Shares of Eagle Materials Inc. (NYSE:EXP)

First Dallas Securities Inc. reduced its position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 25.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,283 shares of the construction company's stock after selling 4,924 shares during the period. Eagle Materials comprises 1.7% of First Dallas Securities Inc.'s investment portfolio, making the stock its 14th largest holding. First Dallas Securities Inc.'s holdings in Eagle Materials were worth $4,108,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its holdings in Eagle Materials by 30.1% during the 3rd quarter. FMR LLC now owns 3,801,257 shares of the construction company's stock worth $1,093,432,000 after acquiring an additional 878,400 shares during the last quarter. Epoch Investment Partners Inc. increased its holdings in Eagle Materials by 25.2% in the second quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company's stock valued at $175,111,000 after purchasing an additional 162,049 shares during the period. Geode Capital Management LLC raised its position in Eagle Materials by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 707,607 shares of the construction company's stock worth $203,585,000 after purchasing an additional 23,911 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in Eagle Materials by 4.9% during the 2nd quarter. William Blair Investment Management LLC now owns 595,276 shares of the construction company's stock worth $129,449,000 after buying an additional 28,003 shares during the period. Finally, Federated Hermes Inc. grew its position in shares of Eagle Materials by 33.4% in the 2nd quarter. Federated Hermes Inc. now owns 529,701 shares of the construction company's stock valued at $115,189,000 after buying an additional 132,677 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Insider Buying and Selling at Eagle Materials

In other news, CEO Michael Haack sold 11,888 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 85,811 shares in the company, valued at $26,644,315.50. The trade was a 12.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tony Thompson sold 1,401 shares of the 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 sale, the senior vice president now directly owns 13,212 shares of the company's stock, valued at $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. Over the last three months, insiders have sold 17,866 shares of company stock valued at $5,482,931. Corporate insiders own 1.60% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Eagle Materials from $290.00 to $310.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 27th. Loop Capital downgraded shares of Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price target on the stock. in a research report on Monday, November 25th. Truist Financial upped their price objective on shares of Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Jefferies Financial Group lifted their target price on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group upped their price target 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. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $307.11.

Eagle Materials Stock Down 2.6 %

Shares of EXP stock traded down $7.43 on Tuesday, reaching $277.55. 505,184 shares of the company were exchanged, compared to its average volume of 303,699. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. The company has a 50-day moving average of $297.73 and a 200-day moving average of $262.22. The company has a market cap of $9.31 billion, a price-to-earnings ratio of 20.13 and a beta of 1.33. Eagle Materials Inc. has a one year low of $186.72 and a one year high of $321.93.

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 (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.44). The firm had revenue of $623.62 million during 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 firm'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. Analysts anticipate that Eagle Materials Inc. will post 15.24 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.36%. Eagle Materials's dividend payout ratio (DPR) is presently 7.06%.

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.