Eagle Materials Inc. (NYSE:EXP) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in Eagle Materials Inc. (NYSE:EXP) by 91.5% during the 3rd quarter, Holdings Channel reports. The firm owned 2,372 shares of the construction company’s stock after selling 25,446 shares during the quarter. SG Americas Securities LLC’s holdings in Eagle Materials were worth $682,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Eagle Bay Advisors LLC boosted its position in shares of Eagle Materials by 79.2% in the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock worth $26,000 after buying an additional 42 shares in the last quarter. Rise Advisors LLC acquired a new position in Eagle Materials during the first quarter worth about $27,000. Tompkins Financial Corp purchased a new stake in Eagle Materials in the 1st quarter valued at approximately $27,000. Bessemer Group Inc. boosted its stake in shares of Eagle Materials by 132.7% during the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Eagle Materials during the 1st quarter worth about $42,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Eagle Materials Trading Up 0.9 %

NYSE:EXP opened at $291.93 on Monday. The business’s 50-day moving average is $264.53 and its two-hundred day moving average is $249.95. The firm has a market capitalization of $9.88 billion, a PE ratio of 21.43 and a beta of 1.32. Eagle Materials Inc. has a 12 month low of $145.03 and a 12 month high of $295.34. 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 (NYSE:EXP) last announced its earnings results on Tuesday, July 30th. The construction company reported $3.94 EPS for the quarter, beating the consensus estimate of $3.57 by $0.37. The business had revenue of $608.69 million for the quarter, compared to the consensus estimate of $622.06 million. Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $3.55 EPS. Research analysts predict that Eagle Materials Inc. will post 15.9 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently announced 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. The ex-dividend date is Tuesday, September 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.34%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.34%.

Wall Street Analyst Weigh In

Several research firms have issued reports on EXP. Jefferies Financial Group raised their price target on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Citigroup increased their price target on Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Stephens raised their target price on shares of 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 lowered shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. upped their price objective on Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Eagle Materials has an average rating of “Moderate Buy” and an average target price of $297.78.

Insider Activity at Eagle Materials

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total value of $277,620.00. Following the transaction, the director now owns 7,943 shares in the company, valued at $2,205,135.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Eric Cribbs sold 1,851 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $277.06, for a total transaction of $512,838.06. Following the completion of the sale, the insider now owns 13,937 shares of the company’s stock, valued at approximately $3,861,385.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George John Damiris sold 1,000 shares of the company’s stock in a transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,851 shares of company stock valued at $2,124,258. Corporate insiders own 1.60% of the company’s stock.

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.