National Bank of Canada FI Has $1.11 Million Stock Holdings in Eagle Materials Inc. (NYSE:EXP)

National Bank of Canada FI raised its stake in Eagle Materials Inc. (NYSE:EXP) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,872 shares of the construction company’s stock after purchasing an additional 57 shares during the period. National Bank of Canada FI’s holdings in Eagle Materials were worth $1,114,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EXP. FMR LLC increased its position in Eagle Materials by 30.1% in the 3rd quarter. FMR LLC now owns 3,801,257 shares of the construction company’s stock valued at $1,093,432,000 after buying an additional 878,400 shares in the last quarter. Epoch Investment Partners Inc. grew its stake in Eagle Materials by 25.2% in the second quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company’s stock valued at $175,111,000 after acquiring an additional 162,049 shares during the period. William Blair Investment Management LLC increased its holdings in shares of Eagle Materials by 4.9% during the second quarter. William Blair Investment Management LLC now owns 595,276 shares of the construction company’s stock valued at $129,449,000 after acquiring an additional 28,003 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Eagle Materials by 33.4% during the second quarter. Federated Hermes Inc. now owns 529,701 shares of the construction company’s stock worth $115,189,000 after purchasing an additional 132,677 shares during the period. Finally, Baupost Group LLC MA lifted its holdings in shares of Eagle Materials by 46.2% in the 3rd quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock worth $143,904,000 after purchasing an additional 158,171 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Activity at Eagle Materials

In related news, SVP Tony Thompson sold 1,401 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total value of $439,914.00. Following the sale, the senior vice president now directly owns 13,212 shares in the company, valued at approximately $4,148,568. The trade was a 9.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director George John Damiris sold 1,000 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the transaction, the director now owns 7,943 shares of the company’s stock, valued at $2,205,135.66. This represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,866 shares of company stock worth $5,482,931. Insiders own 1.60% of the company’s stock.

Eagle Materials Stock Down 1.5 %

EXP stock opened at $273.32 on Friday. The stock has a market cap of $9.17 billion, a P/E ratio of 19.30 and a beta of 1.33. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The stock’s fifty day simple moving average is $297.21 and its two-hundred day simple moving average is $263.17. Eagle Materials Inc. has a 1-year low of $193.95 and a 1-year high of $321.93.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share 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 analysts’ expectations of $651.46 million. During the same period last year, the firm posted $4.28 earnings per share. Eagle Materials’s quarterly revenue was up .2% compared to the same quarter last year. Analysts expect that Eagle Materials Inc. will post 15.24 EPS for the current year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 16th will be issued a $0.25 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.37%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EXP. JPMorgan Chase & Co. upped their price objective on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. The Goldman Sachs Group upped their target price 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. Loop Capital lowered Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a report on Monday, November 25th. Truist Financial raised their target price on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 4th. Finally, Jefferies Financial Group upped their price target on Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Eagle Materials has a consensus rating of “Moderate Buy” and an average price target of $307.11.

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.