Eagle Materials Inc. (NYSE:EXP) Shares Bought by Hancock Whitney Corp

Hancock Whitney Corp lifted its holdings in Eagle Materials Inc. (NYSE:EXP) by 12.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,156 shares of the construction company’s stock after purchasing an additional 240 shares during the quarter. Hancock Whitney Corp’s holdings in Eagle Materials were worth $620,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bessemer Group Inc. lifted its holdings 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 acquiring an additional 65 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Eagle Materials during the first quarter valued at approximately $42,000. McClarren Financial Advisors Inc. boosted its holdings in Eagle Materials by 10,750.0% during the second quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock worth $47,000 after buying an additional 215 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Eagle Materials during the third quarter worth approximately $64,000. Finally, GAMMA Investing LLC grew its position in Eagle Materials by 23.3% in the second quarter. GAMMA Investing LLC now owns 471 shares of the construction company’s stock worth $102,000 after buying an additional 89 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on EXP shares. Loop Capital downgraded Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a research report on Monday. Truist Financial increased their price target on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Citigroup boosted their price objective on Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. raised their target price on shares of Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Finally, Stephens lifted 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. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $304.89.

Insiders Place Their Bets

In related news, CEO Michael Haack sold 11,888 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value of $3,691,224.00. Following the completion of the sale, the chief executive officer now directly owns 85,811 shares in the company, valued at approximately $26,644,315.50. This represents a 12.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director George John Damiris sold 1,000 shares of the 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 directly owns 7,943 shares in the company, valued at $2,205,135.66. The trade was a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,866 shares of company stock valued at $5,482,931 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Eagle Materials Price Performance

Shares of NYSE:EXP opened at $309.96 on Wednesday. The firm has a market cap of $10.40 billion, a price-to-earnings ratio of 21.89 and a beta of 1.32. Eagle Materials Inc. has a 1 year low of $177.67 and a 1 year high of $321.93. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The business has a fifty day simple moving average of $294.49 and a 200 day simple moving average of $259.03.

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

Eagle Materials Dividend Announcement

The firm also recently announced 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Monday, December 16th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

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.