Banco Santander S.A. Decreases Stake in Eagle Materials Inc. (NYSE:EXP)

Banco Santander S.A. lessened its position in shares of Eagle Materials Inc. (NYSE:EXP) by 8.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,309 shares of the construction company’s stock after selling 224 shares during the period. Banco Santander S.A.’s holdings in Eagle Materials were worth $664,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EXP. Price T Rowe Associates Inc. MD raised its position in shares of Eagle Materials by 1.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 351,258 shares of the construction company’s stock worth $95,455,000 after acquiring an additional 3,897 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Eagle Materials by 481.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,315 shares of the construction company’s stock worth $1,808,000 after purchasing an additional 6,885 shares in the last quarter. Ausbil Investment Management Ltd lifted its position in shares of Eagle Materials by 400.3% during the 3rd quarter. Ausbil Investment Management Ltd now owns 12,978 shares of the construction company’s stock worth $3,733,000 after buying an additional 10,384 shares during the last quarter. Comerica Bank lifted its position in shares of Eagle Materials by 94.8% during the 1st quarter. Comerica Bank now owns 32,772 shares of the construction company’s stock worth $8,906,000 after buying an additional 15,949 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Eagle Materials by 441.1% in the 2nd quarter. SG Americas Securities LLC now owns 27,818 shares of the construction company’s stock valued at $6,049,000 after buying an additional 22,677 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total transaction of $277,620.00. Following the transaction, the director now directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. This represents a 11.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Tony Thompson sold 1,401 shares of Eagle Materials stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total transaction of $439,914.00. Following the sale, the senior vice president now owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. The trade was a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,978 shares of company stock valued at $1,791,707 in the last three months. 1.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EXP. JPMorgan Chase & Co. boosted their price target on shares of Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Truist Financial raised their price target on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Jefferies Financial Group boosted their price objective on Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Stephens raised their target price on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Citigroup lifted their target price on shares of Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $303.78.

Eagle Materials Stock Performance

Shares of EXP opened at $314.40 on Friday. The stock has a market capitalization of $10.54 billion, a P/E ratio of 22.20 and a beta of 1.32. 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 Inc. has a 1 year low of $177.65 and a 1 year high of $317.00. The company’s fifty day moving average is $293.76 and its two-hundred day moving average is $258.82.

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 analysts’ consensus estimates of $4.75 by ($0.44). The firm had revenue of $623.62 million for the quarter, compared to analyst estimates 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 was up .2% compared to the same quarter last year. During the same quarter last year, the firm earned $4.28 earnings per share. On average, sell-side analysts predict that Eagle Materials Inc. will post 15.24 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Monday, December 16th. Eagle Materials’s dividend payout ratio (DPR) is 7.06%.

About Eagle Materials

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.