Eagle Materials Inc. (NYSE:EXP) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,618 shares of the construction company’s stock after selling 1,467 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of Eagle Materials worth $4,385,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in EXP. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Eagle Materials by 9.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,727 shares of the construction company’s stock worth $1,377,000 after buying an additional 905 shares during the period. Bank of Montreal Can lifted its position in Eagle Materials by 4.8% in the first quarter. Bank of Montreal Can now owns 3,810 shares of the construction company’s stock valued at $511,000 after purchasing an additional 174 shares during the period. MetLife Investment Management LLC lifted its position in Eagle Materials by 29.5% in the first quarter. MetLife Investment Management LLC now owns 25,532 shares of the construction company’s stock valued at $3,277,000 after purchasing an additional 5,821 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Eagle Materials by 7.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,478 shares of the construction company’s stock valued at $1,858,000 after purchasing an additional 993 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in Eagle Materials by 6.5% in the first quarter. Great West Life Assurance Co. Can now owns 22,071 shares of the construction company’s stock valued at $2,913,000 after purchasing an additional 1,347 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Truist Financial raised their price objective on shares of Eagle Materials from $290.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Citigroup raised their price objective on shares of Eagle Materials from $244.00 to $311.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Stifel Nicolaus raised their price objective on shares of Eagle Materials from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Monday. Raymond James lifted their price target on shares of Eagle Materials from $170.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. Finally, Loop Capital upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and lifted their price target for the company from $170.00 to $240.00 in a research report on Monday, January 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Eagle Materials currently has an average rating of “Moderate Buy” and a consensus price target of $253.50.

Insider Transactions at Eagle Materials

In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $215.60, for a total value of $1,078,000.00. Following the completion of the sale, the chief financial officer now directly owns 62,610 shares of the company’s stock, valued at approximately $13,498,716. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $215.60, for a total value of $1,078,000.00. Following the completion of the sale, the chief financial officer now directly owns 62,610 shares of the company’s stock, valued at approximately $13,498,716. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David B. Powers sold 3,347 shares of Eagle Materials stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $240.52, for a total transaction of $805,020.44. Following the completion of the sale, the director now directly owns 655 shares of the company’s stock, valued at $157,540.60. The disclosure for this sale can be found here. Insiders sold a total of 19,444 shares of company stock valued at $4,414,889 in the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Eagle Materials Trading Down 1.9 %

Shares of EXP opened at $250.02 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.61 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $254.82 and a 200-day simple moving average of $210.04. Eagle Materials Inc. has a 1-year low of $142.12 and a 1-year high of $272.72. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 17.64 and a beta of 1.34.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Thursday, January 25th. The construction company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.56 by $0.16. Eagle Materials had a net margin of 22.24% and a return on equity of 40.05%. The business had revenue of $558.83 million during the quarter, compared to analysts’ expectations of $537.23 million. Equities analysts forecast that Eagle Materials Inc. will post 14.29 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.40%. Eagle Materials’s dividend payout ratio (DPR) is 7.06%.

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; 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.