Whittier Trust Co. Has $19.94 Million Stock Position in Eagle Materials Inc. (NYSE:EXP)

Whittier Trust Co. lifted its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 4.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,337 shares of the construction company's stock after buying an additional 3,101 shares during the quarter. Whittier Trust Co. owned approximately 0.20% of Eagle Materials worth $19,944,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Eagle Bay Advisors LLC grew its holdings in Eagle Materials by 79.2% during the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company's stock valued at $26,000 after purchasing an additional 42 shares during the last quarter. Bessemer Group Inc. increased its position in shares of 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 in the last quarter. Acadian Asset Management LLC acquired a new stake in Eagle Materials in the first quarter worth about $42,000. McClarren Financial Advisors Inc. increased its stake in Eagle Materials by 10,750.0% during the 2nd 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. Finally, EntryPoint Capital LLC raised its stake in Eagle Materials by 1,760.0% in the 1st quarter. EntryPoint Capital LLC now owns 186 shares of the construction company's stock worth $51,000 after acquiring an additional 176 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Insiders Place Their Bets

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the business's stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total transaction of $277,620.00. Following the sale, the director now directly owns 7,943 shares of the company's stock, valued at $2,205,135.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Eric Cribbs sold 1,851 shares of the business's stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $277.06, for a total transaction of $512,838.06. Following the sale, the insider now directly owns 13,937 shares in the company, valued at approximately $3,861,385.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director George John Damiris sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total value of $277,620.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,851 shares of company stock worth $2,124,258. 1.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

EXP has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price objective on Eagle Materials from $270.00 to $290.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. 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. Citigroup increased 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. Stephens upped their price target on Eagle Materials from $280.00 to $315.00 and gave the stock an "overweight" rating in a research note on Thursday, August 1st. Finally, Raymond James lowered shares of Eagle Materials from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 17th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $297.78.

Eagle Materials Stock Down 1.9 %

Shares of NYSE EXP traded down $5.75 during midday trading on Monday, reaching $297.15. 228,448 shares of the company's stock were exchanged, compared to its average volume of 307,349. The business's fifty day moving average price is $270.26 and its two-hundred day moving average price is $251.07. Eagle Materials Inc. has a 52-week low of $145.03 and a 52-week high of $306.36. The stock has a market capitalization of $10.06 billion, a PE ratio of 21.82 and a beta of 1.32. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.17 and a current ratio of 2.45.

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

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, September 17th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.34%. Eagle Materials's dividend payout ratio is currently 7.34%.

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.