Thrivent Financial for Lutherans Cuts Position in Eagle Materials Inc. (NYSE:EXP)

Thrivent Financial for Lutherans lowered its holdings in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 32.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,518 shares of the construction company's stock after selling 14,875 shares during the period. Thrivent Financial for Lutherans owned about 0.09% of Eagle Materials worth $8,778,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. grew its stake in shares of Eagle Materials by 132.7% in the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company's stock worth $31,000 after buying an additional 65 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Eagle Materials in the first quarter valued at approximately $42,000. EntryPoint Capital LLC increased its position in Eagle Materials by 1,760.0% during the 1st 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. McClarren Financial Advisors Inc. boosted its holdings 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 worth $47,000 after purchasing an additional 215 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Eagle Materials in the third quarter worth about $64,000. 96.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on EXP shares. JPMorgan Chase & Co. upped their price target on Eagle Materials from $270.00 to $290.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. The Goldman Sachs Group lifted their price target on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Citigroup raised their price objective on shares of Eagle Materials from $252.00 to $311.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Stephens raised their price target on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an "overweight" rating in a report on Thursday, August 1st. Finally, Truist Financial boosted their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Eagle Materials presently has an average rating of "Moderate Buy" and a consensus price target of $303.78.

Insider Buying and Selling at Eagle Materials

In other news, SVP Tony Thompson sold 1,401 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $277,620.00. Following the sale, the director now directly owns 7,943 shares in the company, valued at $2,205,135.66. The trade was a 11.18 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,978 shares of company stock valued at $1,791,707. Insiders own 1.60% of the company's stock.

Eagle Materials Stock Performance

EXP stock traded up $5.24 during trading on Friday, hitting $314.35. 241,920 shares of the company's stock traded hands, compared to its average volume of 270,000. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. The stock has a fifty day moving average price of $293.76 and a two-hundred day moving average price of $258.82. Eagle Materials Inc. has a 52 week low of $177.65 and a 52 week high of $317.00. The stock has a market capitalization of $10.54 billion, a price-to-earnings ratio of 22.20 and a beta of 1.32.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share (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 company had revenue of $623.62 million for the quarter, compared to the consensus estimate of $651.46 million. During the same quarter in the prior year, the company earned $4.28 EPS. The company's revenue for the quarter was up .2% on a year-over-year basis. As a group, equities analysts anticipate 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. Stockholders of record on Monday, December 16th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.32%. Eagle Materials's payout ratio 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.