Eagle Materials Inc. (NYSE:EXP) Stock Holdings Trimmed by Hancock Whitney Corp

Hancock Whitney Corp lowered its position in shares of Eagle Materials Inc. (NYSE:EXP) by 11.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,916 shares of the construction company’s stock after selling 239 shares during the quarter. Hancock Whitney Corp’s holdings in Eagle Materials were worth $417,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Eagle Bay Advisors LLC raised its position in shares of Eagle Materials by 79.2% during the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock valued at $26,000 after acquiring an additional 42 shares in the last quarter. Rise Advisors LLC acquired a new stake in shares of Eagle Materials during the first quarter worth $27,000. YHB Investment Advisors Inc. acquired a new stake in shares of Eagle Materials during the first quarter worth $27,000. Tompkins Financial Corp bought a new position in shares of Eagle Materials in the 1st quarter worth about $27,000. Finally, Bessemer Group Inc. boosted its holdings 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 valued at $31,000 after buying an additional 65 shares during the period. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the business’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 in the company, valued at $2,205,135.66. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director George John Damiris sold 1,000 shares of the firm’s 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 sale, the director now directly owns 7,943 shares in the company, valued at $2,205,135.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Eric Cribbs sold 1,851 shares of the stock in a transaction 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 sale, 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 90 days. 1.60% of the stock is currently owned by company insiders.

Eagle Materials Stock Performance

Shares of EXP opened at $288.00 on Tuesday. The firm has a market capitalization of $9.75 billion, a PE ratio of 21.15 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. The firm has a 50-day moving average price of $252.83 and a 200 day moving average price of $247.21. Eagle Materials Inc. has a 52-week low of $145.03 and a 52-week high of $293.00.

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

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders 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 dividend 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.