Smithfield Trust Co Raises Stake in Eagle Materials Inc $EXP

Smithfield Trust Co increased its holdings in Eagle Materials Inc (NYSE:EXP) by 2,911.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,807 shares of the construction company’s stock after buying an additional 1,747 shares during the quarter. Smithfield Trust Co’s holdings in Eagle Materials were worth $365,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of EXP. Hantz Financial Services Inc. boosted its holdings in shares of Eagle Materials by 7,750.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock valued at $32,000 after acquiring an additional 155 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Eagle Materials during the first quarter worth $41,000. Caitong International Asset Management Co. Ltd lifted its position in Eagle Materials by 62.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock valued at $42,000 after purchasing an additional 80 shares during the period. Assetmark Inc. boosted its holdings in Eagle Materials by 486.6% in the first quarter. Assetmark Inc. now owns 393 shares of the construction company’s stock valued at $87,000 after purchasing an additional 326 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in Eagle Materials by 39.1% in the first 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 last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Eagle Materials

In related news, Director David E. Rush purchased 1,000 shares of Eagle Materials stock in a transaction that occurred on Wednesday, November 5th. The stock was purchased at an average price of $208.08 per share, for a total transaction of $208,080.00. Following the transaction, the director directly owned 4,173 shares in the company, valued at approximately $868,317.84. This trade represents a 31.52% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by company insiders.

Eagle Materials Price Performance

Shares of Eagle Materials stock opened at $203.02 on Friday. The firm has a market cap of $6.51 billion, a PE ratio of 14.95 and a beta of 1.31. Eagle Materials Inc has a twelve month low of $191.91 and a twelve month high of $321.93. 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 business has a 50-day moving average price of $228.05 and a 200 day moving average price of $222.17.

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

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Monday, December 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials’s payout ratio is currently 7.38%.

Analyst Ratings Changes

EXP has been the subject of a number of recent research reports. Stifel Nicolaus set a $246.00 price objective on Eagle Materials in a research note on Monday, October 27th. DA Davidson dropped their target price on Eagle Materials from $245.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Wells Fargo & Company reduced their price target on Eagle Materials from $261.00 to $251.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Eagle Materials in a report on Wednesday, October 8th. Finally, Loop Capital raised their price objective on shares of Eagle Materials from $230.00 to $245.00 and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $243.30.

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.