Mutual of America Capital Management LLC Lowers Holdings in Eagle Materials Inc. (NYSE:EXP)

Mutual of America Capital Management LLC trimmed its holdings in Eagle Materials Inc. (NYSE:EXP) by 3.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 19,726 shares of the construction company’s stock after selling 801 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of Eagle Materials worth $4,290,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC grew its position in Eagle Materials by 79.2% in the first quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock worth $26,000 after acquiring an additional 42 shares during the period. Wealthcare Advisory Partners LLC grew its position in Eagle Materials by 3.7% in the first quarter. Wealthcare Advisory Partners LLC now owns 1,277 shares of the construction company’s stock worth $347,000 after acquiring an additional 45 shares during the period. GAMMA Investing LLC grew its position in Eagle Materials by 16.5% in the first 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 period. Arizona State Retirement System grew its position in Eagle Materials by 0.6% in 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, Bessemer Group Inc. grew its position in Eagle Materials by 132.7% in the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock worth $31,000 after acquiring an additional 65 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com lowered Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Citigroup raised their price target on Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Jefferies Financial Group raised their price target on Eagle Materials from $270.00 to $283.00 and gave the stock a “buy” rating in a research report 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. Finally, Raymond James lowered Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $289.78.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the firm’s stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Eagle Materials news, insider Eric Cribbs sold 1,851 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $277.06, for a total transaction of $512,838.06. Following the transaction, the insider now owns 13,937 shares of the company’s stock, valued at $3,861,385.22. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director George John Damiris sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the transaction, the director now directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. The disclosure for this sale can be found here. Insiders have sold a total of 7,851 shares of company stock worth $2,124,258 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Eagle Materials Stock Down 1.5 %

Shares of NYSE EXP opened at $287.67 on Monday. The stock has a market cap of $9.74 billion, a P/E ratio of 21.12 and a beta of 1.32. The company has a current ratio of 2.45, a quick ratio of 1.17 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 business’s fifty day simple moving average is $251.73 and its 200-day simple moving average is $247.01.

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 the consensus estimate of $3.57 by $0.37. Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. The business had revenue of $608.69 million for the quarter, compared to analysts’ expectations of $622.06 million. During the same period last year, the firm earned $3.55 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, equities analysts predict that Eagle Materials Inc. will post 15.9 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, September 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Tuesday, September 17th. Eagle Materials’s dividend payout ratio is presently 7.34%.

Eagle Materials Company 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.