Stephens Inc. AR Sells 50 Shares of Eagle Materials Inc. (NYSE:EXP)

Stephens Inc. AR reduced its holdings in Eagle Materials Inc. (NYSE:EXP) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,162 shares of the construction company’s stock after selling 50 shares during the quarter. Stephens Inc. AR’s holdings in Eagle Materials were worth $287,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. CWM LLC increased its position in Eagle Materials by 11.4% during the third quarter. CWM LLC now owns 1,249 shares of the construction company’s stock worth $359,000 after acquiring an additional 128 shares during the period. Creative Planning grew its position in Eagle Materials by 3.7% in the 3rd quarter. Creative Planning now owns 10,327 shares of the construction company’s stock worth $2,971,000 after purchasing an additional 368 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Eagle Materials by 26.3% during the 3rd quarter. Blue Trust Inc. now owns 859 shares of the construction company’s stock worth $247,000 after purchasing an additional 179 shares during the period. Whittier Trust Co. raised its position in shares of Eagle Materials by 4.7% during the third quarter. Whittier Trust Co. now owns 69,337 shares of the construction company’s stock valued at $19,944,000 after buying an additional 3,101 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of Eagle Materials by 3.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 35,230 shares of the construction company’s stock valued at $10,133,000 after buying an additional 1,171 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Loop Capital lowered Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a research note on Monday, November 25th. Jefferies Financial Group cut Eagle Materials from a “buy” rating to a “hold” rating and lowered their price objective for the company from $330.00 to $310.00 in a research report on Monday, December 16th. DA Davidson cut their target price on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. 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. Finally, Truist Financial boosted their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $296.80.

Insiders Place Their Bets

In related news, CEO Michael Haack sold 11,888 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value of $3,691,224.00. Following the completion of the sale, the chief executive officer now owns 85,811 shares of the company’s stock, valued at $26,644,315.50. This trade represents a 12.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard Ross Stewart sold 3,577 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total value of $1,074,173.10. Following the transaction, the director now directly owns 1,100 shares in the company, valued at approximately $330,330. This represents a 76.48 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Eagle Materials Trading Up 0.8 %

Shares of Eagle Materials stock opened at $252.47 on Monday. The stock has a market capitalization of $8.40 billion, a P/E ratio of 18.03 and a beta of 1.37. Eagle Materials Inc. has a 12-month low of $211.44 and a 12-month high of $321.93. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The company has a 50-day simple moving average of $254.52 and a 200 day simple moving average of $271.05.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. Research analysts expect that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 0.40%. Eagle Materials’s payout ratio is 7.14%.

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.