UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 6,081 Shares of Eagle Materials Inc $EXP

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Eagle Materials Inc (NYSE:EXP) by 8.7% in the second quarter, HoldingsChannel reports. The fund owned 63,755 shares of the construction company’s stock after selling 6,081 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Eagle Materials were worth $14,345,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of EXP. Hsbc Holdings PLC raised its position in shares of Eagle Materials by 109.9% in the second quarter. Hsbc Holdings PLC now owns 19,023 shares of the construction company’s stock valued at $4,274,000 after buying an additional 9,960 shares in the last quarter. Empowered Funds LLC acquired a new position in Eagle Materials in the 2nd quarter valued at $806,000. United Capital Financial Advisors LLC bought a new stake in shares of Eagle Materials during the 2nd quarter valued at $442,000. Ruggaard & Associates LLC acquired a new stake in shares of Eagle Materials during the 2nd quarter worth $577,000. Finally, Centaurus Financial Inc. bought a new position in shares of Eagle Materials in the second quarter worth $604,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Eagle Materials news, SVP Tony Thompson sold 3,074 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $203.96, for a total transaction of $626,973.04. Following the sale, the senior vice president directly owned 10,142 shares of the company’s stock, valued at $2,068,562.32. The trade was a 23.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.70% of the stock is currently owned by corporate insiders.

Eagle Materials Trading Up 0.4%

NYSE EXP opened at $194.33 on Friday. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 15.36 and a beta of 1.36. Eagle Materials Inc has a twelve month low of $171.99 and a twelve month high of $245.53. The company has a quick ratio of 1.91, a current ratio of 3.23 and a debt-to-equity ratio of 1.17. The business’s fifty day moving average is $208.15 and its 200 day moving average is $207.10.

Eagle Materials (NYSE:EXP) last issued its earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%.The firm had revenue of $650.97 million during the quarter, compared to analyst estimates of $620.35 million. During the same period in the previous year, the company earned $3.76 EPS. Eagle Materials’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, sell-side analysts expect that Eagle Materials Inc will post 12.66 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Monday, September 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, September 14th. Eagle Materials’s dividend payout ratio (DPR) is 7.91%.

Analysts Set New Price Targets

EXP has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price objective on the stock in a research note on Tuesday, June 2nd. Stephens lifted their price objective on shares of Eagle Materials from $225.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. DA Davidson started coverage on Eagle Materials in a research note on Monday, August 24th. They set a “neutral” rating and a $220.00 target price for the company. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Royal Bank Of Canada upped their price objective on Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $223.67.

About Eagle Materials

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.