SG Americas Securities LLC Trims Stock Position in Eagle Materials Inc. (NYSE:EXP)

SG Americas Securities LLC decreased its position in shares of Eagle Materials Inc. (NYSE:EXP) by 75.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 575 shares of the construction company’s stock after selling 1,797 shares during the period. SG Americas Securities LLC’s holdings in Eagle Materials were worth $142,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in shares of Eagle Materials during the third quarter valued at approximately $64,000. GAMMA Investing LLC raised its position in shares of Eagle Materials by 10.6% in the 4th quarter. GAMMA Investing LLC now owns 676 shares of the construction company’s stock worth $167,000 after purchasing an additional 65 shares during the last quarter. Harvest Fund Management Co. Ltd raised its holdings in Eagle Materials by 789.9% in the third quarter. Harvest Fund Management Co. Ltd now owns 703 shares of the construction company’s stock worth $202,000 after buying an additional 624 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Eagle Materials in the 3rd quarter worth about $206,000. Finally, Caprock Group LLC bought a new stake in Eagle Materials in the 3rd quarter worth approximately $208,000. Institutional investors own 96.07% of the company’s stock.

Insider Buying and Selling at Eagle Materials

In related news, Director Richard Ross Stewart sold 3,577 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the transaction, the director now directly owns 1,100 shares in the company, valued at approximately $330,330. This represents a 76.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Haack sold 11,888 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value of $3,691,224.00. Following the completion of the transaction, the chief executive officer now directly owns 85,811 shares in the company, valued at $26,644,315.50. This trade represents a 12.17 % decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Eagle Materials Stock Up 0.0 %

Shares of EXP stock opened at $255.94 on Tuesday. The stock has a market cap of $8.52 billion, a P/E ratio of 18.28 and a beta of 1.37. The company’s fifty day simple moving average is $258.46 and its two-hundred day simple moving average is $271.25. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. Eagle Materials Inc. has a 52 week low of $211.44 and a 52 week high of $321.93.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.38). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. Analysts predict that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 17th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Monday, March 17th. Eagle Materials’s payout ratio is 7.14%.

Analyst Upgrades and Downgrades

EXP has been the topic of a number of research reports. Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $330.00 to $310.00 in a report on Monday, December 16th. JPMorgan Chase & Co. boosted their price objective on shares of Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Loop Capital downgraded Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 target price on the stock. in a research report on Monday, November 25th. The Goldman Sachs Group upped their price target on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Finally, Truist Financial lifted their price objective on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $296.80.

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.