Moody National Bank Trust Division Sells 360 Shares of Eagle Materials Inc. (NYSE:EXP)

Moody National Bank Trust Division lessened its stake in Eagle Materials Inc. (NYSE:EXP) by 6.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,898 shares of the construction company’s stock after selling 360 shares during the quarter. Moody National Bank Trust Division’s holdings in Eagle Materials were worth $1,209,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in Eagle Materials in the 3rd quarter worth $64,000. Quent Capital LLC increased its holdings in shares of Eagle Materials by 155.3% in the third quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock worth $125,000 after purchasing an additional 264 shares during the last quarter. GAMMA Investing LLC boosted its stake in Eagle Materials by 10.6% during the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company’s stock valued at $167,000 after buying an additional 65 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in Eagle Materials by 23.5% during the 3rd quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company’s stock valued at $181,000 after buying an additional 120 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd grew its holdings in Eagle Materials by 789.9% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 703 shares of the construction company’s stock valued at $202,000 after buying an additional 624 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Price Performance

EXP opened at $239.37 on Tuesday. The business has a fifty day moving average of $278.92 and a 200 day moving average of $266.88. The stock has a market cap of $8.03 billion, a P/E ratio of 16.90 and a beta of 1.33. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. Eagle Materials Inc. has a 52-week low of $197.58 and a 52-week high of $321.93.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The company had revenue of $623.62 million during the quarter, compared to the consensus estimate of $651.46 million. During the same quarter in the previous year, the company posted $4.28 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Eagle Materials Inc. will post 15.24 EPS for the current year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Monday, December 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Monday, December 16th. Eagle Materials’s dividend payout ratio is presently 7.06%.

Insider Activity at Eagle Materials

In related news, SVP Tony Thompson sold 1,401 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value of $439,914.00. Following the completion of the sale, the senior vice president now directly owns 13,212 shares of the company’s stock, valued at $4,148,568. This represents a 9.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Haack sold 11,888 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following 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. Over the last quarter, insiders sold 16,866 shares of company stock worth $5,205,311. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

EXP has been the subject of a number of research reports. Citigroup downgraded Eagle Materials from a “buy” rating to a “neutral” rating and lowered their target price for the company from $334.00 to $280.00 in a research report on Monday, January 6th. Loop Capital cut shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a research note on Monday, November 25th. Truist Financial lifted their price target on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Jefferies Financial Group cut Eagle Materials from a “buy” rating to a “hold” rating and dropped their target price for the stock from $330.00 to $310.00 in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. raised their price target on Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Eagle Materials presently has an average rating of “Hold” and an average target price of $301.44.

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.