MML Investors Services LLC Has $409,000 Stock Holdings in Eagle Materials Inc. (NYSE:EXP)

MML Investors Services LLC cut its position in Eagle Materials Inc. (NYSE:EXP) by 46.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,421 shares of the construction company’s stock after selling 1,222 shares during the quarter. MML Investors Services LLC’s holdings in Eagle Materials were worth $409,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. McClarren Financial Advisors Inc. lifted its position in shares of Eagle Materials by 10,750.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock worth $47,000 after purchasing an additional 215 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Eagle Materials in the 3rd quarter worth $64,000. Quent Capital LLC increased its stake in Eagle Materials by 155.3% during the third quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock valued at $125,000 after acquiring an additional 264 shares during the period. GAMMA Investing LLC raised its holdings in Eagle Materials by 29.7% in the 3rd quarter. GAMMA Investing LLC now owns 611 shares of the construction company’s stock valued at $176,000 after acquiring an additional 140 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its position in Eagle Materials by 23.5% in the third quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company’s stock worth $181,000 after purchasing an additional 120 shares during the period. Institutional investors own 96.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on EXP. JPMorgan Chase & Co. upped their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Loop Capital cut shares of 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 decreased their price target for the company from $330.00 to $310.00 in a report on Monday, December 16th. The Goldman Sachs Group boosted their price objective on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Truist Financial upped their price objective on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Eagle Materials has an average rating of “Moderate Buy” and a consensus target price of $304.89.

Eagle Materials Stock Up 0.2 %

Shares of EXP stock opened at $248.91 on Tuesday. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 17.58 and a beta of 1.33. Eagle Materials Inc. has a 12-month low of $195.93 and a 12-month high of $321.93. The firm has a fifty day moving average of $294.05 and a 200-day moving average of $264.42. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The business had revenue of $623.62 million during the quarter, compared to the consensus estimate of $651.46 million. During the same period last year, the business posted $4.28 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities research analysts predict that Eagle Materials Inc. will post 15.24 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 16th will be paid a $0.25 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. Eagle Materials’s dividend payout ratio is 7.06%.

Insiders Place Their Bets

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value of $439,914.00. Following the transaction, the senior vice president now directly owns 13,212 shares of the company’s stock, valued at $4,148,568. This trade represents a 9.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Haack sold 11,888 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the completion of the transaction, the chief executive officer now directly owns 85,811 shares of the company’s stock, valued at $26,644,315.50. This trade represents a 12.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,866 shares of company stock valued at $5,205,311 in the last 90 days. 1.60% of the stock is currently owned by insiders.

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.