Trivant Custom Portfolio Group LLC Buys 79 Shares of Eagle Materials Inc. (NYSE:EXP)

Trivant Custom Portfolio Group LLC increased its stake in Eagle Materials Inc. (NYSE:EXP) by 3.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,585 shares of the construction company’s stock after acquiring an additional 79 shares during the period. Trivant Custom Portfolio Group LLC’s holdings in Eagle Materials were worth $744,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. raised its position in shares of Eagle Materials by 13.0% during the first quarter. Advisors Asset Management Inc. now owns 35,894 shares of the construction company’s stock worth $9,754,000 after acquiring an additional 4,130 shares during the last quarter. M&G Plc bought a new position in shares of Eagle Materials in the 1st quarter valued at about $9,628,000. Mad River Investors bought a new position in shares of Eagle Materials in the 1st quarter valued at about $1,552,000. Los Angeles Capital Management LLC grew its position in shares of Eagle Materials by 2.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 255,775 shares of the construction company’s stock worth $69,507,000 after buying an additional 4,947 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Eagle Materials by 1.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 351,258 shares of the construction company’s stock worth $95,455,000 after buying an additional 3,897 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Activity at Eagle Materials

In other news, Director George John Damiris sold 1,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 7,943 shares in the company, valued at $2,205,135.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Eagle Materials news, insider Eric Cribbs sold 1,851 shares of the business’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 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director George John Damiris sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the transaction, the director now owns 7,943 shares in the company, valued at approximately $2,205,135.66. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,851 shares of company stock valued at $2,124,258. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. 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 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 downgraded shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Citigroup boosted their price objective on shares of Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $289.78.

Eagle Materials Stock Down 0.8 %

EXP stock traded down $2.21 during mid-day trading on Friday, hitting $282.78. 196,445 shares of the company were exchanged, compared to its average volume of 312,237. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.17 and a current ratio of 2.45. Eagle Materials Inc. has a 1-year low of $145.03 and a 1-year high of $293.00. The firm’s 50 day simple moving average is $261.62 and its 200 day simple moving average is $249.31. The firm has a market cap of $9.57 billion, a P/E ratio of 20.76 and a beta of 1.32.

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

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Tuesday, September 17th will be given 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 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.