Whittier Trust Co. Purchases 3,101 Shares of Eagle Materials Inc. (NYSE:EXP)

Whittier Trust Co. boosted its position in Eagle Materials Inc. (NYSE:EXP) by 4.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,337 shares of the construction company’s stock after acquiring an additional 3,101 shares during the quarter. Whittier Trust Co.’s holdings in Eagle Materials were worth $19,944,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EXP. Advisors Asset Management Inc. grew its holdings in shares of Eagle Materials by 13.0% during the 1st quarter. Advisors Asset Management Inc. now owns 35,894 shares of the construction company’s stock valued at $9,754,000 after purchasing an additional 4,130 shares during the last quarter. M&G Plc acquired a new position in shares of Eagle Materials during the first quarter worth $9,628,000. Mad River Investors acquired a new position in shares of Eagle Materials during the first quarter worth $1,552,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Eagle Materials by 1.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 351,258 shares of the construction company’s stock valued at $95,455,000 after acquiring an additional 3,897 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Eagle Materials by 481.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,315 shares of the construction company’s stock valued at $1,808,000 after acquiring an additional 6,885 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Stock Down 1.8 %

EXP traded down $5.45 during midday trading on Monday, reaching $297.44. 102,695 shares of the company were exchanged, compared to its average volume of 306,730. Eagle Materials Inc. has a one year low of $145.03 and a one year high of $306.36. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.17 and a current ratio of 2.45. The company’s fifty day moving average price is $270.26 and its 200 day moving average price is $251.17. The company has a market cap of $10.07 billion, a price-to-earnings ratio of 22.24 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 for the quarter, beating the consensus estimate 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 analysts’ expectations of $622.06 million. During the same period last year, the business earned $3.55 EPS. The business’s revenue was up 1.2% on a year-over-year basis. As a group, analysts expect that Eagle Materials Inc. will post 15.9 EPS for the current year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Tuesday, September 17th were paid a $0.25 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $1.00 annualized dividend and a yield of 0.34%. Eagle Materials’s dividend payout ratio (DPR) is 7.34%.

Insiders Place Their Bets

In other news, Director George John Damiris sold 1,000 shares of the company’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 completion of the transaction, the director now directly owns 7,943 shares of the company’s stock, valued at $2,205,135.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 60,488 shares of the company’s stock, valued at approximately $16,135,778.88. The trade was a 0.00 % decrease in their position. The sale 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 firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the sale, the director now owns 7,943 shares of the company’s stock, valued at $2,205,135.66. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,851 shares of company stock valued at $2,124,258 in the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EXP. Jefferies Financial Group boosted their price target on Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Raymond James downgraded shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Stephens boosted their price objective on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised their target price on Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Finally, Citigroup upped 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. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $297.78.

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.