NBC Securities Inc. Sells 120 Shares of Eagle Materials Inc. (NYSE:EXP)

NBC Securities Inc. trimmed its stake in Eagle Materials Inc. (NYSE:EXP) by 1.4% in the third quarter, HoldingsChannel.com reports. The firm owned 8,507 shares of the construction company’s stock after selling 120 shares during the period. NBC Securities Inc.’s holdings in Eagle Materials were worth $2,447,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of EXP. Advisors Asset Management Inc. grew its position in shares of Eagle Materials by 13.0% in the 1st quarter. Advisors Asset Management Inc. now owns 35,894 shares of the construction company’s stock valued at $9,754,000 after buying an additional 4,130 shares during the last quarter. M&G Plc bought a new stake in Eagle Materials in the first quarter valued at approximately $9,628,000. Mad River Investors acquired a new stake in Eagle Materials during the 1st quarter valued at approximately $1,552,000. Los Angeles Capital Management LLC raised its holdings in Eagle Materials by 2.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 255,775 shares of the construction company’s stock worth $69,507,000 after purchasing an additional 4,947 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Eagle Materials by 1.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 351,258 shares of the construction company’s stock valued at $95,455,000 after purchasing an additional 3,897 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Eagle Materials Stock Up 1.6 %

Shares of EXP traded up $4.79 on Tuesday, reaching $302.19. The company’s stock had a trading volume of 29,367 shares, compared to its average volume of 308,297. Eagle Materials Inc. has a twelve month low of $145.03 and a twelve month high of $302.61. The stock has a market capitalization of $10.23 billion, a PE ratio of 21.84 and a beta of 1.32. 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 has a fifty day moving average of $265.61 and a 200-day moving average of $250.13.

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

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Tuesday, September 17th will be paid a $0.25 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.33%. Eagle Materials’s payout ratio is 7.34%.

Insider Activity

In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $266.76, for a total transaction of $1,333,800.00. Following the transaction, the chief financial officer now owns 60,488 shares of the company’s stock, valued at $16,135,778.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $266.76, for a total transaction of $1,333,800.00. Following the completion of the transaction, the chief financial officer now directly owns 60,488 shares of the company’s stock, valued at approximately $16,135,778.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eric Cribbs sold 1,851 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $277.06, for a total transaction of $512,838.06. Following the completion of the transaction, the insider now directly owns 13,937 shares of the company’s stock, valued at approximately $3,861,385.22. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,851 shares of company stock worth $2,124,258 over the last quarter. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on EXP shares. JPMorgan Chase & Co. boosted their target price on shares of Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Jefferies Financial Group raised their target price on Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Stephens boosted their price target on Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Citigroup raised their price objective on shares of Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Raymond James downgraded shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Eagle Materials presently has a consensus rating of “Moderate Buy” and an average price target of $297.78.

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.