Ensign Peak Advisors Inc Sells 230 Shares of Eagle Materials Inc. (NYSE:EXP)

Ensign Peak Advisors Inc cut its stake in Eagle Materials Inc. (NYSE:EXP) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,608 shares of the construction company’s stock after selling 230 shares during the period. Ensign Peak Advisors Inc’s holdings in Eagle Materials were worth $3,394,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Eagle Bay Advisors LLC boosted its stake in shares of Eagle Materials by 79.2% in the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock valued at $26,000 after purchasing an additional 42 shares during the last quarter. YHB Investment Advisors Inc. acquired a new position in Eagle Materials in the first quarter valued at $27,000. Tompkins Financial Corp bought a new stake in Eagle Materials during the first quarter valued at $27,000. Rise Advisors LLC bought a new stake in Eagle Materials during the first quarter valued at $27,000. Finally, Bessemer Group Inc. grew its holdings in Eagle Materials by 132.7% during the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock worth $31,000 after acquiring an additional 65 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Stock Up 0.6 %

Eagle Materials stock opened at $284.18 on Friday. The company has a current ratio of 2.45, a quick ratio of 1.17 and a debt-to-equity ratio of 0.81. The firm’s fifty day moving average price is $255.74 and its two-hundred day moving average price is $247.91. The firm has a market capitalization of $9.62 billion, a price-to-earnings ratio of 20.86 and a beta of 1.32. Eagle Materials Inc. has a 1-year low of $145.03 and a 1-year high of $293.00.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, July 30th. The construction company reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.37. The business had revenue of $608.69 million during the quarter, compared to the consensus estimate of $622.06 million. Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.55 EPS. On average, equities research analysts predict that Eagle Materials Inc. will post 15.9 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, September 17th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.35%. The ex-dividend date is Tuesday, September 17th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.34%.

Insiders Place Their Bets

In related news, insider Eric Cribbs sold 1,851 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $277.06, for a total transaction of $512,838.06. Following the transaction, the insider now directly owns 13,937 shares of the company’s stock, valued at $3,861,385.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director George John Damiris sold 1,000 shares of Eagle Materials stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the sale, the director now directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric Cribbs sold 1,851 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $277.06, for a total transaction of $512,838.06. Following the sale, the insider now owns 13,937 shares of the company’s stock, valued at approximately $3,861,385.22. The disclosure for this sale can be found here. Insiders have sold 7,851 shares of company stock valued at $2,124,258 in the last three months. 1.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on EXP shares. Jefferies Financial Group raised their target price on Eagle Materials from $270.00 to $283.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Stephens lifted their price objective on shares of Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Citigroup increased their target price on shares of Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Raymond James downgraded shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Eagle Materials presently has an average rating of “Moderate Buy” and an average target price of $289.78.

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.