DekaBank Deutsche Girozentrale Sells 823 Shares of Eagle Materials Inc. (NYSE:EXP)

DekaBank Deutsche Girozentrale reduced its position in Eagle Materials Inc. (NYSE:EXP) by 28.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,075 shares of the construction company’s stock after selling 823 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Eagle Materials were worth $440,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EXP. American Century Companies Inc. increased its position in Eagle Materials by 18.0% in the second quarter. American Century Companies Inc. now owns 76,797 shares of the construction company’s stock worth $16,700,000 after purchasing an additional 11,702 shares during the period. AGF Management Ltd. boosted its stake in shares of Eagle Materials by 66.8% in the 2nd quarter. AGF Management Ltd. now owns 35,211 shares of the construction company’s stock valued at $7,657,000 after purchasing an additional 14,095 shares during the last quarter. Quest Partners LLC boosted its stake in shares of Eagle Materials by 30,775.0% in the 2nd quarter. Quest Partners LLC now owns 1,235 shares of the construction company’s stock valued at $269,000 after purchasing an additional 1,231 shares during the last quarter. Los Angeles Capital Management LLC grew its position in shares of Eagle Materials by 5.8% during the 2nd quarter. Los Angeles Capital Management LLC now owns 270,666 shares of the construction company’s stock worth $58,859,000 after buying an additional 14,891 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of 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 buying an additional 56 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling at Eagle Materials

In other news, Director George John Damiris sold 1,000 shares of the 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 completion of the sale, the director now owns 7,943 shares of the company’s stock, valued at approximately $2,205,135.66. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director George John Damiris sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were 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 of the company’s stock, valued at approximately $2,205,135.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Eric Cribbs sold 1,851 shares of Eagle Materials stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $277.06, for a total value of $512,838.06. Following the transaction, the insider now owns 13,937 shares of the company’s stock, valued at approximately $3,861,385.22. The disclosure for this sale can be found here. Insiders sold a total of 7,851 shares of company stock worth $2,124,258 over the last ninety days. 1.60% of the stock is currently owned by corporate insiders.

Eagle Materials Trading Down 1.5 %

Shares of NYSE:EXP opened at $287.67 on Friday. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 21.12 and a beta of 1.32. 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 Inc. has a 12 month low of $145.03 and a 12 month high of $293.00. The company’s fifty day simple moving average is $250.56 and its 200 day simple moving average is $246.93.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, July 30th. The construction company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.57 by $0.37. The firm had revenue of $608.69 million for the quarter, compared to analysts’ expectations of $622.06 million. Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.55 EPS. As a group, research analysts forecast that Eagle Materials Inc. will post 15.9 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Tuesday, September 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $1.00 annualized dividend and a yield of 0.35%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.34%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on EXP shares. Jefferies Financial Group raised their price objective on shares of Eagle Materials from $270.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Stephens raised their price target on Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. StockNews.com downgraded Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Raymond James cut Eagle Materials from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Citigroup upped their price target on Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $289.78.

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.