Blair William & Co. IL Sells 770 Shares of Eagle Materials Inc. (NYSE:EXP)

Blair William & Co. IL reduced its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 7.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,381 shares of the construction company’s stock after selling 770 shares during the period. Blair William & Co. IL’s holdings in Eagle Materials were worth $2,040,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EXP. Eagle Bay Advisors LLC raised its stake in Eagle Materials by 79.2% in 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 during the period. YHB Investment Advisors Inc. bought a new stake in shares of Eagle Materials in the first quarter valued at approximately $27,000. Tompkins Financial Corp purchased a new stake in shares of Eagle Materials during the 1st quarter valued at approximately $27,000. Rise Advisors LLC bought a new position in Eagle Materials in the 1st quarter worth approximately $27,000. Finally, Bessemer Group Inc. grew its stake in 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 in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Jefferies Financial Group increased 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. Citigroup raised their target price on Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. StockNews.com cut Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. 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, Stephens upped their target price on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $289.78.

Eagle Materials Price Performance

EXP stock opened at $288.00 on Tuesday. The firm has a 50 day simple moving average of $252.83 and a two-hundred day simple moving average of $247.21. The stock has a market cap of $9.75 billion, a PE ratio of 21.15 and a beta of 1.32. Eagle Materials Inc. has a one year low of $145.03 and a one year high of $293.00. 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 released its quarterly earnings results on Tuesday, July 30th. The construction company reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.37. Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. The business had revenue of $608.69 million for the quarter, compared to the consensus estimate of $622.06 million. During the same quarter last year, the business posted $3.55 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts predict that Eagle Materials Inc. will post 15.9 EPS 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. Shareholders of record on Tuesday, September 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Tuesday, September 17th. Eagle Materials’s dividend payout ratio is currently 7.34%.

Insider Buying and Selling at Eagle Materials

In other news, insider Eric Cribbs sold 1,851 shares of the company’s 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 completion of the sale, the insider now owns 13,937 shares of the company’s stock, valued at approximately $3,861,385.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Eric Cribbs sold 1,851 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $277.06, for a total value 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. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director George John Damiris sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was 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 disclosure for this sale can be found here. Insiders have sold 7,851 shares of company stock worth $2,124,258 over the last ninety days. 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.