Eagle Materials Inc. (NYSE:EXP) Stake Cut by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC cut its position in shares of Eagle Materials Inc. (NYSE:EXP) by 84.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,257 shares of the construction company’s stock after selling 7,058 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Eagle Materials were worth $362,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC lifted its stake in Eagle Materials by 79.2% during the first quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock worth $26,000 after purchasing an additional 42 shares during the last quarter. Bessemer Group Inc. lifted its stake in Eagle Materials by 132.7% during the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Acadian Asset Management LLC bought a new position in Eagle Materials during the first quarter worth $42,000. EntryPoint Capital LLC lifted its stake in Eagle Materials by 1,760.0% during the first quarter. EntryPoint Capital LLC now owns 186 shares of the construction company’s stock worth $51,000 after purchasing an additional 176 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Eagle Materials in the first quarter valued at $55,000. 96.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Tony Thompson sold 1,401 shares of Eagle Materials stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total value of $439,914.00. Following the transaction, the senior vice president now owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, SVP Tony Thompson sold 1,401 shares of Eagle Materials stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total value of $439,914.00. Following the transaction, the senior vice president now owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director George John Damiris sold 1,000 shares of Eagle Materials stock in a transaction dated 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 in the company, valued at $2,205,135.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on EXP shares. Citigroup raised their target price on Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Jefferies Financial Group raised their target price on Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group raised their target price on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Raymond James cut Eagle Materials from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. raised their target price on Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $303.78.

Eagle Materials Price Performance

Shares of EXP opened at $311.88 on Friday. The stock’s fifty day moving average is $282.58 and its 200-day moving average is $255.35. The firm has a market capitalization of $10.46 billion, a price-to-earnings ratio of 22.03 and a beta of 1.32. Eagle Materials Inc. has a one year low of $164.45 and a one year high of $315.86. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 35.79% and a net margin of 21.32%. Eagle Materials’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $4.28 earnings per share. Equities analysts anticipate that Eagle Materials Inc. will post 15.24 EPS for the current year.

About Eagle Materials

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.