Truist Financial Corp lifted its stake in shares of Eagle Materials Inc. (NYSE:EXP – Free Report) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,610 shares of the construction company’s stock after buying an additional 219 shares during the quarter. Truist Financial Corp’s holdings in Eagle Materials were worth $4,839,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning grew its stake in Eagle Materials by 3.7% in the third quarter. Creative Planning now owns 10,327 shares of the construction company’s stock worth $2,971,000 after purchasing an additional 368 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in Eagle Materials during the 3rd quarter valued at approximately $217,000. Sequoia Financial Advisors LLC bought a new position in Eagle Materials in the 3rd quarter worth about $236,000. Ballentine Partners LLC bought a new stake in Eagle Materials during the 3rd quarter valued at $271,000. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Eagle Materials by 39.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,898 shares of the construction company’s stock worth $841,000 after buying an additional 823 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Eagle Materials
In related news, Director Michael R. Nicolais acquired 310 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was acquired at an average price of $257.36 per share, with a total value of $79,781.60. Following the completion of the transaction, the director now owns 3,655 shares of the company’s stock, valued at approximately $940,650.80. This represents a 9.27 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by corporate insiders.
Eagle Materials Trading Down 3.6 %
Eagle Materials (NYSE:EXP – Get Free Report) last posted its earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share (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 expect that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.
Eagle Materials Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 17th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Eagle Materials’s dividend payout ratio is 7.14%.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on EXP. Stephens reaffirmed an “overweight” rating and issued a $310.00 price objective on shares of Eagle Materials in a research note on Thursday, January 30th. Loop Capital lowered Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a research report on Monday, November 25th. Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and cut their target price for the stock from $330.00 to $310.00 in a research report on Monday, December 16th. Truist Financial boosted their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. lifted their price objective on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Eagle Materials currently has an average rating of “Hold” and a consensus target price of $296.80.
View Our Latest Analysis on Eagle Materials
Eagle Materials 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.
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