Cetera Investment Advisers Sells 132 Shares of Eagle Materials Inc. (NYSE:EXP)

Cetera Investment Advisers decreased its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,938 shares of the construction company’s stock after selling 132 shares during the period. Cetera Investment Advisers’ holdings in Eagle Materials were worth $1,509,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Virtu Financial LLC purchased a new position in shares of Eagle Materials during the fourth quarter valued at approximately $326,000. HighPoint Advisor Group LLC purchased a new position in shares of Eagle Materials in the 4th quarter worth $287,000. NBC Securities Inc. lifted its holdings in shares of Eagle Materials by 3.3% in the 1st quarter. NBC Securities Inc. now owns 7,734 shares of the construction company’s stock worth $2,111,000 after acquiring an additional 248 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Eagle Materials by 16.5% in the 1st quarter. GAMMA Investing LLC now owns 382 shares of the construction company’s stock worth $104,000 after acquiring an additional 54 shares during the last quarter. Finally, Tompkins Financial Corp bought a new stake in shares of Eagle Materials in the 1st quarter worth about $27,000. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Price Performance

Eagle Materials stock opened at $295.90 on Wednesday. Eagle Materials Inc. has a 52-week low of $145.03 and a 52-week high of $304.98. The firm has a market capitalization of $10.02 billion, a price-to-earnings ratio of 21.73 and a beta of 1.32. The company has a fifty day simple moving average of $266.62 and a 200-day simple moving average of $250.30. The company has a quick ratio of 1.17, a current ratio of 2.45 and a debt-to-equity ratio of 0.81.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.37. Eagle Materials had a net margin of 21.65% and a return on equity of 37.10%. The firm had revenue of $608.69 million during the quarter, compared to analyst estimates of $622.06 million. During the same quarter in the prior year, the firm posted $3.55 earnings per share. Eagle Materials’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities analysts anticipate that Eagle Materials Inc. will post 15.9 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, September 17th will be given a $0.25 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.34%. Eagle Materials’s payout ratio is currently 7.34%.

Analyst Ratings Changes

A number of brokerages recently weighed in on EXP. Citigroup lifted their price objective on shares of Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Jefferies Financial Group boosted their target price on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their target price on shares of Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Stephens lifted their price objective on shares of Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Raymond James cut shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $297.78.

Insider Buying and Selling at Eagle Materials

In other news, Director George John Damiris sold 1,000 shares of the stock in a transaction dated 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Eagle Materials news, insider Eric Cribbs sold 1,851 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $277.06, for a total value of $512,838.06. Following the transaction, the insider now directly owns 13,937 shares in the company, valued at $3,861,385.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director George John Damiris sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 7,943 shares in the company, valued at $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. Insiders have sold 7,851 shares of company stock valued at $2,124,258 over the last 90 days. 1.60% of the stock is owned by insiders.

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.