Mitsubishi UFJ Trust & Banking Corp Purchases Shares of 377 Eagle Materials Inc. (NYSE:EXP)

Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Eagle Materials Inc. (NYSE:EXP) during the first quarter, according to its most recent filing with the SEC. The fund purchased 377 shares of the construction company’s stock, valued at approximately $55,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of EXP. Global Retirement Partners LLC increased its holdings in shares of Eagle Materials by 681.5% in the 1st quarter. Global Retirement Partners LLC now owns 211 shares of the construction company’s stock worth $32,000 after buying an additional 184 shares during the last quarter. Harbor Investment Advisory LLC bought a new stake in shares of Eagle Materials in the 1st quarter worth about $34,000. Byrne Asset Management LLC bought a new stake in shares of Eagle Materials in the 1st quarter worth about $34,000. Point72 Middle East FZE bought a new stake in shares of Eagle Materials in the 4th quarter worth about $31,000. Finally, Parallel Advisors LLC increased its holdings in shares of Eagle Materials by 372.7% in the 1st quarter. Parallel Advisors LLC now owns 312 shares of the construction company’s stock worth $46,000 after buying an additional 246 shares during the last quarter. 92.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EXP has been the topic of a number of research reports. Loop Capital boosted their target price on shares of Eagle Materials from $160.00 to $181.00 in a report on Monday, May 22nd. DA Davidson lifted their price target on shares of Eagle Materials from $140.00 to $175.00 in a research note on Monday, May 22nd. Stephens reaffirmed an “overweight” rating and set a $230.00 price target on shares of Eagle Materials in a research note on Monday, August 21st. Citigroup lifted their price target on shares of Eagle Materials from $215.00 to $219.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th. Finally, Truist Financial lifted their price target on shares of Eagle Materials from $195.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $199.80.

Insider Transactions at Eagle Materials

In related news, EVP Matt Newby sold 4,246 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $166.59, for a total transaction of $707,341.14. Following the completion of the transaction, the executive vice president now owns 21,819 shares in the company, valued at approximately $3,634,827.21. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Richard Ross Stewart sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $182.28, for a total transaction of $182,280.00. Following the completion of the transaction, the director now owns 9,041 shares in the company, valued at approximately $1,647,993.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Matt Newby sold 4,246 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $166.59, for a total transaction of $707,341.14. Following the transaction, the executive vice president now owns 21,819 shares of the company’s stock, valued at approximately $3,634,827.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,246 shares of company stock valued at $1,742,121. Company insiders own 1.70% of the company’s stock.

Eagle Materials Price Performance

Shares of EXP opened at $179.60 on Friday. The company has a 50 day moving average price of $183.47 and a 200-day moving average price of $161.64. Eagle Materials Inc. has a fifty-two week low of $101.98 and a fifty-two week high of $194.05. The stock has a market capitalization of $6.36 billion, a PE ratio of 13.70 and a beta of 1.33. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.36 and a current ratio of 2.68.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Thursday, July 27th. The construction company reported $3.55 earnings per share for the quarter, topping the consensus estimate of $3.54 by $0.01. Eagle Materials had a net margin of 21.82% and a return on equity of 40.68%. The firm had revenue of $601.50 million during the quarter, compared to analysts’ expectations of $603.11 million. During the same quarter in the prior year, the company earned $2.82 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. Equities analysts predict that Eagle Materials Inc. will post 13.89 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 15th will be given a $0.25 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. Eagle Materials’s payout ratio is presently 7.63%.

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; 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.