Banco Bilbao Vizcaya Argentaria S.A. Reduces Holdings in Eagle Materials Inc $EXP

Banco Bilbao Vizcaya Argentaria S.A. decreased its stake in shares of Eagle Materials Inc (NYSE:EXP) by 4.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,244 shares of the construction company’s stock after selling 1,027 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. owned approximately 0.07% of Eagle Materials worth $4,492,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Cerity Partners LLC grew its holdings in shares of Eagle Materials by 1.9% during the 1st quarter. Cerity Partners LLC now owns 13,023 shares of the construction company’s stock worth $2,890,000 after acquiring an additional 243 shares during the period. Signaturefd LLC lifted its stake in shares of Eagle Materials by 39.1% in the 1st 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. Larson Financial Group LLC boosted its position in shares of Eagle Materials by 15.4% during the first quarter. Larson Financial Group LLC now owns 1,444 shares of the construction company’s stock valued at $320,000 after purchasing an additional 193 shares in the last quarter. Transce3nd LLC grew its stake in Eagle Materials by 9.7% in the first quarter. Transce3nd LLC now owns 552 shares of the construction company’s stock worth $122,000 after purchasing an additional 49 shares during the period. Finally, Financial Harvest LLC bought a new position in Eagle Materials in the first quarter worth $14,482,000. 96.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Eagle Materials news, Director David E. Rush bought 1,000 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was acquired at an average price of $208.08 per share, with a total value of $208,080.00. Following the transaction, the director owned 4,173 shares in the company, valued at $868,317.84. This represents a 31.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

EXP has been the topic of a number of research reports. DA Davidson dropped their target price on shares of Eagle Materials from $245.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Citigroup dropped their price objective on shares of Eagle Materials from $255.00 to $233.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Loop Capital upped their price objective on shares of Eagle Materials from $230.00 to $245.00 and gave the stock a “hold” rating in a report on Wednesday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Eagle Materials in a report on Thursday. Finally, Stifel Nicolaus set a $246.00 price target on Eagle Materials in a research report on Monday, October 27th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $243.30.

Eagle Materials Price Performance

Shares of EXP opened at $202.03 on Friday. The company has a market capitalization of $6.48 billion, a P/E ratio of 14.88 and a beta of 1.31. The company has a quick ratio of 1.26, a current ratio of 2.73 and a debt-to-equity ratio of 0.87. The firm has a 50 day moving average of $227.24 and a 200 day moving average of $222.03. Eagle Materials Inc has a twelve month low of $191.91 and a twelve month high of $321.93.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Thursday, October 30th. The construction company reported $4.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.35 by ($0.12). Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The business had revenue of $638.91 million during the quarter, compared to the consensus estimate of $635.55 million. During the same period last year, the company posted $4.31 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Investors of record on Monday, December 15th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Eagle Materials’s dividend payout ratio (DPR) is 7.38%.

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, 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.