Mutual of America Capital Management LLC Has $4.39 Million Stock Holdings in Eagle Materials Inc. (NYSE:EXP)

Mutual of America Capital Management LLC reduced its position in shares of Eagle Materials Inc. (NYSE:EXP) by 6.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,618 shares of the construction company’s stock after selling 1,467 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Eagle Materials were worth $4,385,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of EXP. Larson Financial Group LLC bought a new stake in Eagle Materials in the 3rd quarter valued at $25,000. Dark Forest Capital Management LP bought a new stake in Eagle Materials in the 1st quarter valued at $26,000. BluePath Capital Management LLC bought a new stake in Eagle Materials in the 3rd quarter valued at $31,000. Point72 Middle East FZE bought a new stake in Eagle Materials in the 4th quarter valued at $31,000. Finally, Private Trust Co. NA boosted its holdings in Eagle Materials by 277.4% in the 3rd quarter. Private Trust Co. NA now owns 200 shares of the construction company’s stock valued at $33,000 after purchasing an additional 147 shares during the period. 96.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Loop Capital raised shares of Eagle Materials from a “hold” rating to a “buy” rating and increased their price target for the company from $170.00 to $240.00 in a report on Monday, January 8th. Stifel Nicolaus raised their price objective on shares of Eagle Materials from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Monday. JPMorgan Chase & Co. raised their price objective on shares of Eagle Materials from $200.00 to $265.00 and gave the stock a “neutral” rating in a report on Friday, March 22nd. StockNews.com downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Finally, Citigroup raised their price objective on shares of Eagle Materials from $244.00 to $311.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $253.50.

Eagle Materials Trading Down 1.9 %

Shares of Eagle Materials stock opened at $250.02 on Tuesday. The stock has a market capitalization of $8.61 billion, a P/E ratio of 17.64 and a beta of 1.34. The company has a quick ratio of 1.13, a current ratio of 2.61 and a debt-to-equity ratio of 0.77. The company has a 50-day simple moving average of $254.82 and a 200 day simple moving average of $210.04. Eagle Materials Inc. has a 12-month low of $142.12 and a 12-month high of $272.72.

Eagle Materials (NYSE:EXP) last announced its earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.56 by $0.16. The business had revenue of $558.83 million during the quarter, compared to analysts’ expectations of $537.23 million. Eagle Materials had a net margin of 22.24% and a return on equity of 40.05%. Research analysts expect that Eagle Materials Inc. will post 14.29 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Thursday, March 14th. Eagle Materials’s payout ratio is presently 7.06%.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $215.60, for a total value of $1,078,000.00. Following the completion of the sale, the chief financial officer now owns 62,610 shares in the company, valued at approximately $13,498,716. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Eagle Materials news, Director David B. Powers sold 3,347 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $240.52, for a total value of $805,020.44. Following the completion of the sale, the director now owns 655 shares in the company, valued at approximately $157,540.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $215.60, for a total transaction of $1,078,000.00. Following the completion of the sale, the chief financial officer now owns 62,610 shares of the company’s stock, valued at approximately $13,498,716. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,444 shares of company stock worth $4,414,889. 1.70% of the stock is currently owned by corporate insiders.

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; 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.