Eagle Materials Inc. (NYSE:EXP) Stake Lessened by Reinhart Partners LLC.

Reinhart Partners LLC. decreased its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 7.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,160 shares of the construction company’s stock after selling 3,278 shares during the quarter. Reinhart Partners LLC.’s holdings in Eagle Materials were worth $10,977,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in shares of Eagle Materials in the 4th quarter valued at about $326,000. HighPoint Advisor Group LLC acquired a new stake in shares of Eagle Materials during the 4th quarter valued at $287,000. NBC Securities Inc. grew its holdings in shares of Eagle Materials by 3.3% during the 1st quarter. NBC Securities Inc. now owns 7,734 shares of the construction company’s stock valued at $2,111,000 after acquiring an additional 248 shares in the last quarter. Los Angeles Capital Management LLC increased its stake in shares of Eagle Materials by 2.0% in the first quarter. Los Angeles Capital Management LLC now owns 255,775 shares of the construction company’s stock worth $69,507,000 after acquiring an additional 4,947 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Eagle Materials by 16.5% during the first quarter. GAMMA Investing LLC now owns 382 shares of the construction company’s stock worth $104,000 after acquiring an additional 54 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now directly owns 60,488 shares in the company, valued at $16,135,778.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director George John Damiris sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the sale, the director now directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $266.76, for a total value of $1,333,800.00. Following the completion of the transaction, the chief financial officer now directly owns 60,488 shares of the company’s stock, valued at approximately $16,135,778.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,851 shares of company stock valued at $2,124,258. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

EXP has been the topic of a number of recent research reports. Stephens boosted their target price on Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Citigroup increased their price objective on Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. lifted their target price on shares of Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday. Raymond James lowered shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Jefferies Financial Group lifted their price objective on shares of Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $297.78.

Eagle Materials Stock Performance

NYSE:EXP opened at $291.95 on Friday. The firm has a market capitalization of $9.88 billion, a PE ratio of 21.44 and a beta of 1.32. Eagle Materials Inc. has a 1 year low of $145.03 and a 1 year high of $295.34. The company has a current ratio of 2.45, a quick ratio of 1.17 and a debt-to-equity ratio of 0.81. The firm’s fifty day simple moving average is $264.53 and its 200 day simple moving average is $250.22.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, July 30th. The construction company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.37. Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. The company had revenue of $608.69 million for the quarter, compared to the consensus estimate of $622.06 million. During the same period last year, the business posted $3.55 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Eagle Materials Inc. will post 15.9 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.34%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.34%.

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.