Eagle Materials Inc $EXP Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its holdings in Eagle Materials Inc (NYSE:EXP) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,443 shares of the construction company’s stock after selling 262 shares during the period. Truist Financial Corp owned about 0.06% of Eagle Materials worth $3,930,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EXP. SVB Wealth LLC acquired a new stake in Eagle Materials in the 1st quarter valued at $41,000. Private Trust Co. NA grew its position in shares of Eagle Materials by 39.0% in the first quarter. Private Trust Co. NA now owns 285 shares of the construction company’s stock valued at $63,000 after purchasing an additional 80 shares during the period. Assetmark Inc. grew its position in shares of Eagle Materials by 486.6% in the first quarter. Assetmark Inc. now owns 393 shares of the construction company’s stock valued at $87,000 after purchasing an additional 326 shares during the period. Signaturefd LLC grew its position in shares of Eagle Materials by 39.1% in the first quarter. Signaturefd LLC now owns 466 shares of the construction company’s stock valued at $103,000 after purchasing an additional 131 shares during the period. Finally, Transce3nd LLC grew its position in shares of Eagle Materials by 9.7% in the first quarter. Transce3nd LLC now owns 552 shares of the construction company’s stock valued at $122,000 after purchasing an additional 49 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Trading Up 2.8%

Shares of EXP stock opened at $238.74 on Thursday. The company’s 50-day moving average price is $231.26 and its 200-day moving average price is $221.68. The company has a current ratio of 2.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.87. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 17.58 and a beta of 1.31. Eagle Materials Inc has a twelve month low of $191.91 and a twelve month high of $321.93.

Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.03. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The company had revenue of $634.69 million for the quarter, compared to analyst estimates of $611.52 million. As a group, equities analysts predict that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Monday, September 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. Eagle Materials’s dividend payout ratio is presently 7.36%.

Wall Street Analyst Weigh In

EXP has been the topic of several research analyst reports. Wells Fargo & Company initiated coverage on Eagle Materials in a report on Tuesday. They issued an “overweight” rating and a $261.00 price objective on the stock. Wall Street Zen raised Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. lifted their price target on Eagle Materials from $220.00 to $245.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eagle Materials in a research note on Wednesday. Finally, Loop Capital lifted their target price on shares of Eagle Materials from $230.00 to $245.00 and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $255.40.

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.