Allspring Global Investments Holdings LLC Has $210.82 Million Stock Holdings in Eagle Materials Inc. (NYSE:EXP)

Allspring Global Investments Holdings LLC lowered its stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 1.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 732,896 shares of the construction company's stock after selling 8,397 shares during the quarter. Allspring Global Investments Holdings LLC owned about 2.16% of Eagle Materials worth $210,818,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC boosted its position in Eagle Materials by 79.2% during the first quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company's stock worth $26,000 after purchasing an additional 42 shares during the period. Bessemer Group Inc. boosted its position in Eagle Materials by 132.7% during the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company's stock worth $31,000 after purchasing an additional 65 shares during the period. Acadian Asset Management LLC bought a new stake in Eagle Materials during the first quarter worth approximately $42,000. EntryPoint Capital LLC boosted its position in Eagle Materials by 1,760.0% during the first quarter. EntryPoint Capital LLC now owns 186 shares of the construction company's stock worth $51,000 after purchasing an additional 176 shares during the period. Finally, Headlands Technologies LLC bought a new stake in Eagle Materials during the first quarter worth approximately $55,000. Institutional investors own 96.07% of the company's stock.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the transaction, the director now owns 7,943 shares of the company's stock, valued at approximately $2,205,135.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the transaction, the director now owns 7,943 shares of the company's stock, valued at approximately $2,205,135.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Dale Craig Kesler sold 5,000 shares of the firm's stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $266.76, for a total value of $1,333,800.00. Following the sale, the chief financial officer now directly owns 60,488 shares in the company, valued at approximately $16,135,778.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,851 shares of company stock valued at $2,124,258. 1.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EXP has been the subject of a number of research analyst reports. Citigroup upped their price target on Eagle Materials from $252.00 to $311.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. JPMorgan Chase & Co. upped their price target on Eagle Materials from $270.00 to $290.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. Jefferies Financial Group upped their price target on Eagle Materials from $309.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Raymond James lowered Eagle Materials from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 17th. Finally, Stephens upped their price target on Eagle Materials from $280.00 to $315.00 and gave the stock an "overweight" rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $297.78.

Eagle Materials Trading Down 0.5 %

Eagle Materials stock traded down $1.46 during mid-day trading on Friday, hitting $302.89. The stock had a trading volume of 205,710 shares, compared to its average volume of 307,740. The stock has a 50-day simple moving average of $270.26 and a two-hundred day simple moving average of $251.17. The stock has a market capitalization of $10.26 billion, a PE ratio of 22.24 and a beta of 1.32. Eagle Materials Inc. has a 12 month low of $145.03 and a 12 month high of $306.36. The company has a current ratio of 2.45, a quick ratio of 1.17 and a debt-to-equity ratio of 0.81.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The construction company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.37. The business had revenue of $608.69 million for the quarter, compared to analysts' expectations of $622.06 million. Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $3.55 earnings per share. As a group, sell-side analysts forecast that Eagle Materials Inc. will post 15.9 EPS for the current year.

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, September 17th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.33%. The ex-dividend date was Tuesday, September 17th. Eagle Materials's payout ratio is 7.34%.

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.