Bank of New York Mellon Corp Purchases 189,725 Shares of Eagle Materials Inc $EXP

Bank of New York Mellon Corp lifted its position in shares of Eagle Materials Inc (NYSE:EXP) by 61.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 500,474 shares of the construction company’s stock after purchasing an additional 189,725 shares during the quarter. Bank of New York Mellon Corp owned 1.54% of Eagle Materials worth $116,630,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Versant Capital Management Inc increased its stake in Eagle Materials by 130.9% during the 3rd quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock valued at $30,000 after purchasing an additional 72 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Eagle Materials by 7,750.0% during the second quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock valued at $32,000 after buying an additional 155 shares during the last quarter. MAI Capital Management increased its position in shares of Eagle Materials by 3,060.0% during the second quarter. MAI Capital Management now owns 158 shares of the construction company’s stock worth $32,000 after acquiring an additional 153 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Eagle Materials by 102.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after acquiring an additional 87 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Eagle Materials by 62.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Transactions at Eagle Materials

In related news, Director David E. Rush acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were bought at an average cost of $208.08 per share, for a total transaction of $208,080.00. Following the purchase, the director owned 4,173 shares in the company, valued at $868,317.84. This trade represents a 31.52% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on EXP. Weiss Ratings reissued a “hold (c+)” rating on shares of Eagle Materials in a report on Monday, December 29th. Wall Street Zen cut Eagle Materials from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research raised Eagle Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Wells Fargo & Company dropped their price objective on Eagle Materials from $251.00 to $241.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Stephens reaffirmed an “equal weight” rating and set a $245.00 price objective on shares of Eagle Materials in a report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Eagle Materials presently has an average rating of “Hold” and an average price target of $234.20.

Eagle Materials Trading Down 3.8%

Shares of EXP opened at $203.89 on Monday. Eagle Materials Inc has a fifty-two week low of $191.91 and a fifty-two week high of $262.81. The business has a 50-day moving average of $220.49 and a 200 day moving average of $224.10. The firm has a market cap of $6.41 billion, a P/E ratio of 15.43 and a beta of 1.38. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 4.27.

Eagle Materials (NYSE:EXP) last issued its earnings results on Thursday, January 29th. The construction company reported $3.22 earnings per share for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.The business had revenue of $555.96 million for the quarter, compared to the consensus estimate of $556.41 million. During the same quarter in the prior year, the business earned $3.59 EPS. Eagle Materials’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, research analysts forecast that Eagle Materials Inc will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, December 15th. Eagle Materials’s payout ratio is currently 7.57%.

More Eagle Materials News

Here are the key news stories impacting Eagle Materials this week:

• Positive Sentiment: Adjusted EBITDA and margins remained strong, with the company reporting $190.1M of adjusted EBITDA and healthy net margin/ROE metrics that support cash generation and shareholder returns. Read More.
• Positive Sentiment: Management emphasized continued strength in heavy materials (non-residential/industrial-related products), which helped offset weakness elsewhere and suggests segment-level resiliency. Read More.
• Neutral Sentiment: Revenue was essentially flat year-over-year ($556.0M) and missed consensus by a small amount, implying demand was mixed rather than broadly collapsing. Read More.
• Neutral Sentiment: The company posted its investor slide deck and call transcripts, providing detail on segment performance and cost trends for investors who want to model forward earnings/EBITDA sensitivity. Read More.
• Negative Sentiment: Reported EPS of $3.22 missed the consensus of $3.32 and fell from $3.59 a year earlier — the miss and YoY decline pressured the stock as it suggests near-term margin/demand headwinds. Read More.
• Negative Sentiment: Management called out residential weakness as a material drag on results, a demand softening that could weigh on near-term volumes if it persists. Read More.

Eagle Materials Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.