Eagle Materials Inc. (NYSE:EXP) Shares Acquired by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division lifted its position in shares of Eagle Materials Inc. (NYSE:EXP) by 23.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 630 shares of the construction company’s stock after purchasing an additional 120 shares during the period. Central Pacific Bank Trust Division’s holdings in Eagle Materials were worth $181,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EXP. Frontier Capital Management Co. LLC increased its position in Eagle Materials by 7.1% in the 4th quarter. Frontier Capital Management Co. LLC now owns 957,818 shares of the construction company’s stock valued at $194,284,000 after acquiring an additional 63,636 shares during the period. TD Asset Management Inc increased its position in Eagle Materials by 5.5% in the 1st quarter. TD Asset Management Inc now owns 919,714 shares of the construction company’s stock valued at $249,932,000 after acquiring an additional 47,744 shares during the period. Epoch Investment Partners Inc. increased its position in Eagle Materials by 25.2% in the 2nd quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company’s stock valued at $175,111,000 after acquiring an additional 162,049 shares during the period. William Blair Investment Management LLC increased its position in Eagle Materials by 4.9% in the 2nd quarter. William Blair Investment Management LLC now owns 595,276 shares of the construction company’s stock valued at $129,449,000 after acquiring an additional 28,003 shares during the period. Finally, Federated Hermes Inc. increased its position in Eagle Materials by 33.4% in the 2nd quarter. Federated Hermes Inc. now owns 529,701 shares of the construction company’s stock valued at $115,189,000 after acquiring an additional 132,677 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Price Performance

Shares of NYSE:EXP opened at $282.78 on Friday. The business’s 50 day simple moving average is $260.89 and its 200-day simple moving average is $249.08. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 20.76 and a beta of 1.32. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.45 and a quick ratio of 1.17. Eagle Materials Inc. has a 12 month low of $145.03 and a 12 month high of $293.00.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, July 30th. The construction company reported $3.94 EPS for the quarter, topping the consensus estimate 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 return on equity of 37.10% and a net margin of 21.65%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.55 EPS. As a group, equities analysts forecast that Eagle Materials Inc. will post 15.9 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

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

Analyst Upgrades and Downgrades

EXP has been the topic of several recent research reports. Citigroup boosted their price target on Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Stephens boosted their target price on Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Raymond James cut Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Jefferies Financial Group boosted their target price on Eagle Materials from $270.00 to $283.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $289.78.

Insider Transactions at Eagle Materials

In related news, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $266.76, for a total value of $1,333,800.00. Following the sale, the chief financial officer now owns 60,488 shares of the company’s stock, valued at approximately $16,135,778.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Eric Cribbs sold 1,851 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $266.76, for a total value of $1,333,800.00. Following the completion of the sale, the chief financial officer now directly owns 60,488 shares in the company, valued at approximately $16,135,778.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,851 shares of company stock valued at $2,124,258 in the last quarter. 1.60% of the stock is currently owned by corporate 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.