UMB Bank n.a. Reduces Holdings in Eagle Materials Inc. (NYSE:EXP)

UMB Bank n.a. decreased its position in shares of Eagle Materials Inc. (NYSE:EXP) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,239 shares of the construction company’s stock after selling 166 shares during the quarter. UMB Bank n.a.’s holdings in Eagle Materials were worth $3,760,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in Eagle Materials during the third quarter worth about $64,000. Quent Capital LLC lifted its stake in shares of Eagle Materials by 155.3% during the 3rd quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock valued at $125,000 after buying an additional 264 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Eagle Materials by 10.6% in the 4th quarter. GAMMA Investing LLC now owns 676 shares of the construction company’s stock worth $167,000 after buying an additional 65 shares during the period. Central Pacific Bank Trust Division grew its stake in Eagle Materials by 23.5% in 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 raised 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 acquiring an additional 624 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Performance

Eagle Materials stock opened at $256.82 on Tuesday. Eagle Materials Inc. has a fifty-two week low of $198.89 and a fifty-two week high of $321.93. The firm’s fifty day moving average price is $273.24 and its 200-day moving average price is $268.15. The stock has a market cap of $8.61 billion, a P/E ratio of 18.14 and a beta of 1.37. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.44). The firm had revenue of $623.62 million for the quarter, compared to the consensus estimate of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the firm earned $4.28 EPS. On average, equities research analysts expect that Eagle Materials Inc. will post 15.11 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 16th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Monday, December 16th. Eagle Materials’s payout ratio is currently 7.06%.

Insiders Place Their Bets

In other news, CEO Michael Haack sold 11,888 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was 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 of the company’s stock, valued at approximately $26,644,315.50. This trade represents a 12.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tony Thompson sold 1,401 shares of the business’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 approximately $4,148,568. This trade represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,866 shares of company stock valued at $5,205,311. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Jefferies Financial Group lowered Eagle Materials from a “buy” rating to a “hold” rating and cut their price target for the stock from $330.00 to $310.00 in a report on Monday, December 16th. JPMorgan Chase & Co. upped their price target on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group increased their price target on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Truist Financial upped their target price on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Loop Capital downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target for the company. in a report on Monday, November 25th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $301.44.

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.