Moody National Bank Trust Division Purchases 249 Shares of Eagle Materials Inc. (NYSE:EXP)

Moody National Bank Trust Division lifted its position in Eagle Materials Inc. (NYSE:EXP) by 5.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,979 shares of the construction company’s stock after acquiring an additional 249 shares during the quarter. Moody National Bank Trust Division’s holdings in Eagle Materials were worth $1,083,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Eagle Bay Advisors LLC increased its stake in Eagle Materials by 79.2% in the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock worth $26,000 after buying an additional 42 shares during the period. YHB Investment Advisors Inc. purchased a new position in Eagle Materials in the 1st quarter worth about $27,000. Tompkins Financial Corp purchased a new position in Eagle Materials during the 1st quarter valued at about $27,000. Rise Advisors LLC purchased a new position in Eagle Materials during the 1st quarter valued at about $27,000. Finally, Global Wealth Management Investment Advisory Inc. purchased a new position in Eagle Materials during the 4th quarter valued at about $30,000. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

EXP has been the topic of a number of research reports. Loop Capital cut their target price on shares of Eagle Materials from $310.00 to $305.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Jefferies Financial Group raised their target price on shares of Eagle Materials from $270.00 to $283.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. StockNews.com downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Stifel Nicolaus cut their target price on shares of Eagle Materials from $300.00 to $286.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Eagle Materials from $238.00 to $273.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $289.78.

Insider Buying and Selling at Eagle Materials

In related news, insider Eric Cribbs sold 1,851 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $277.06, for a total value of $512,838.06. Following the completion of the sale, the insider now owns 13,937 shares of the company’s stock, valued at approximately $3,861,385.22. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $266.76, for a total value 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Eric Cribbs sold 1,851 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were 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 in the company, valued at approximately $3,861,385.22. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Eagle Materials Stock Down 4.0 %

Shares of Eagle Materials stock traded down $10.13 on Monday, reaching $243.46. The stock had a trading volume of 327,041 shares, compared to its average volume of 322,320. The company has a 50 day moving average price of $229.41 and a 200 day moving average price of $242.82. The stock has a market capitalization of $8.19 billion, a P/E ratio of 17.88 and a beta of 1.32. The company has a quick ratio of 1.06, a current ratio of 2.45 and a debt-to-equity ratio of 0.81. Eagle Materials Inc. has a 1 year low of $145.03 and a 1 year high of $279.69.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, July 30th. The construction company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.37. The company had revenue of $608.69 million during the quarter, compared to analysts’ expectations of $622.06 million. Eagle Materials had a net margin of 21.65% and a return on equity of 37.10%. Eagle Materials’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the business earned $3.55 EPS. As a group, equities research analysts forecast that Eagle Materials Inc. will post 15.95 EPS for the current year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, June 17th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.41%. The ex-dividend date was Monday, June 17th. Eagle Materials’s payout ratio is 7.34%.

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.