DekaBank Deutsche Girozentrale Invests $142,000 in Eagle Materials Inc. (NYSE:EXP)

DekaBank Deutsche Girozentrale bought a new position in Eagle Materials Inc. (NYSE:EXPGet Rating) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,089 shares of the construction company’s stock, valued at approximately $142,000.

Other institutional investors have also recently modified their holdings of the company. Signaturefd LLC purchased a new stake in shares of Eagle Materials in the fourth quarter worth $26,000. CWM LLC purchased a new stake in shares of Eagle Materials during the fourth quarter valued at $34,000. Covestor Ltd purchased a new stake in shares of Eagle Materials during the fourth quarter valued at $97,000. Odey Asset Management Group Ltd purchased a new stake in shares of Eagle Materials during the fourth quarter valued at $117,000. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Eagle Materials by 107.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,281 shares of the construction company’s stock valued at $213,000 after buying an additional 663 shares during the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXP has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut Eagle Materials from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $165.00 to $130.00 in a research report on Wednesday, July 20th. DA Davidson dropped their price objective on Eagle Materials from $160.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, May 20th. Truist Financial dropped their price objective on Eagle Materials from $172.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, May 23rd. StockNews.com downgraded Eagle Materials from a “buy” rating to a “hold” rating in a report on Friday, July 15th. Finally, The Goldman Sachs Group lowered their target price on Eagle Materials from $190.00 to $162.00 and set a “buy” rating on the stock in a report on Friday, May 20th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $163.09.

Insider Transactions at Eagle Materials

In related news, EVP James H. Graass sold 9,092 shares of Eagle Materials stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $125.02, for a total transaction of $1,136,681.84. Following the sale, the executive vice president now owns 20,090 shares of the company’s stock, valued at approximately $2,511,651.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP James H. Graass sold 4,000 shares of Eagle Materials stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $125.50, for a total transaction of $502,000.00. Following the sale, the executive vice president now owns 29,182 shares of the company’s stock, valued at approximately $3,662,341. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James H. Graass sold 9,092 shares of Eagle Materials stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $125.02, for a total value of $1,136,681.84. Following the sale, the executive vice president now directly owns 20,090 shares in the company, valued at approximately $2,511,651.80. The disclosure for this sale can be found here. Insiders have sold 17,776 shares of company stock valued at $2,214,229 over the last quarter. 1.60% of the stock is currently owned by company insiders.

Eagle Materials Stock Up 0.7 %

NYSE EXP opened at $122.41 on Tuesday. The stock’s 50-day moving average price is $119.70 and its 200-day moving average price is $129.31. The company has a quick ratio of 0.99, a current ratio of 2.13 and a debt-to-equity ratio of 0.83. Eagle Materials Inc. has a 52 week low of $105.34 and a 52 week high of $169.15. The company has a market capitalization of $4.66 billion, a P/E ratio of 13.39 and a beta of 1.27.

Eagle Materials (NYSE:EXPGet Rating) last posted its quarterly earnings data on Thursday, May 19th. The construction company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.74 by $0.16. Eagle Materials had a return on equity of 30.51% and a net margin of 20.10%. The firm had revenue of $413.10 million for the quarter, compared to the consensus estimate of $400.68 million. During the same quarter last year, the company earned $1.56 earnings per share. The business’s revenue for the quarter was up 20.3% compared to the same quarter last year. On average, equities research analysts predict that Eagle Materials Inc. will post 11.36 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 16th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Wednesday, June 15th. Eagle Materials’s dividend payout ratio (DPR) is currently 10.94%.

Eagle Materials Profile

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Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials and light building materials in the United States. It operates through Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard segments. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland 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.

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Institutional Ownership by Quarter for Eagle Materials (NYSE:EXP)

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