TD Private Client Wealth LLC Has $360,000 Holdings in Eagle Materials Inc. (NYSE:EXP)

TD Private Client Wealth LLC lessened its stake in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 61.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,251 shares of the construction company's stock after selling 1,988 shares during the period. TD Private Client Wealth LLC's holdings in Eagle Materials were worth $360,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. CIBC Asset Management Inc boosted its stake in Eagle Materials by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 1,032 shares of the construction company's stock valued at $297,000 after purchasing an additional 37 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of Eagle Materials by 1.4% in the third quarter. Coldstream Capital Management Inc. now owns 2,981 shares of the construction company's stock valued at $858,000 after acquiring an additional 41 shares during the period. Financial Strategies Group Inc. grew its stake in shares of Eagle Materials by 4.4% in the third quarter. Financial Strategies Group Inc. now owns 1,022 shares of the construction company's stock worth $304,000 after acquiring an additional 43 shares during the last quarter. Arizona State Retirement System increased its position in Eagle Materials by 0.6% during the second quarter. Arizona State Retirement System now owns 9,644 shares of the construction company's stock worth $2,097,000 after acquiring an additional 56 shares during the period. Finally, National Bank of Canada FI increased its position in Eagle Materials by 1.5% during the third quarter. National Bank of Canada FI now owns 3,872 shares of the construction company's stock worth $1,114,000 after acquiring an additional 57 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Eagle Materials

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the company's 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 transaction, the senior vice president now directly owns 13,212 shares in the company, valued at approximately $4,148,568. This represents a 9.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George John Damiris sold 1,000 shares of Eagle Materials stock in a transaction that occurred 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 of the company's stock, valued at approximately $2,205,135.66. This represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,866 shares of company stock worth $5,482,931. Corporate insiders own 1.60% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 27th. The Goldman Sachs Group lifted their target price on Eagle Materials from $277.00 to $317.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Truist Financial upped their price target on Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a report on Monday, November 4th. Loop Capital lowered Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price objective on the stock. in a report on Monday, November 25th. Finally, Jefferies Financial Group upped their target price on Eagle Materials from $309.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $307.11.

Eagle Materials Price Performance

Shares of NYSE EXP traded down $4.28 during mid-day trading on Friday, hitting $273.32. 365,914 shares of the stock were exchanged, compared to its average volume of 304,071. Eagle Materials Inc. has a twelve month low of $193.95 and a twelve month high of $321.93. The stock's fifty day simple moving average is $297.21 and its two-hundred day simple moving average is $263.17. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34. The company has a market cap of $9.17 billion, a P/E ratio of 19.30 and a beta of 1.33.

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 analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $651.46 million. During the same quarter last year, the company earned $4.28 earnings per share. The firm's revenue was up .2% on a year-over-year basis. As a group, analysts forecast that Eagle Materials Inc. will post 15.24 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm 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 $0.25 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.37%. Eagle Materials's dividend payout ratio is 7.06%.

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.