UMB Bank n.a. Sells 166 Shares of Eagle Materials Inc. (NYSE:EXP)

21 Jan 2025, 09:54 by Michael Walen · The Markets Daily

UMB Bank n.a. cut its holdings in Eagle Materials Inc. (NYSE:EXP – Free Report) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,239 shares of the construction company’s stock after selling 166 shares during the quarter. UMB Bank n.a.’s holdings in Eagle Materials were worth $3,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of EXP. Capital Performance Advisors LLP purchased a new stake in Eagle Materials in the 3rd quarter worth approximately $64,000. Quent Capital LLC lifted its stake in Eagle Materials by 155.3% in the third quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock worth $125,000 after acquiring an additional 264 shares during the period. GAMMA Investing LLC boosted its holdings in Eagle Materials by 29.7% in the third quarter. GAMMA Investing LLC now owns 611 shares of the construction company’s stock valued at $176,000 after acquiring an additional 140 shares in the last quarter. Central Pacific Bank Trust Division increased its position in Eagle Materials by 23.5% during the 3rd quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company’s stock valued at $181,000 after purchasing an additional 120 shares during the period. Finally, Harvest Fund Management Co. Ltd raised its holdings in Eagle Materials by 789.9% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 703 shares of the construction company’s stock worth $202,000 after purchasing an additional 624 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Eagle Materials Price Performance

Shares of NYSE:EXP opened at $256.82 on Tuesday. Eagle Materials Inc. has a 1-year low of $198.89 and a 1-year high of $321.93. The business has a fifty day moving average price of $273.24 and a 200-day moving average price of $268.15. The company has a market capitalization of $8.61 billion, a PE ratio of 18.14 and a beta of 1.37. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14.

Eagle Materials (NYSE:EXP – Get Free Report) last issued its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.44). The firm had revenue of $623.62 million during the quarter, compared to the consensus estimate of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.28 EPS. As a group, equities analysts expect that Eagle Materials Inc. will post 15.11 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 16th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date of this dividend was Monday, December 16th. Eagle Materials’s payout ratio is 7.06%.

Insider Transactions at Eagle Materials

In related news, CEO Michael Haack sold 11,888 shares of Eagle Materials stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $310.50, for a total value of $3,691,224.00. Following the completion of the sale, the chief executive officer now directly owns 85,811 shares in the company, valued at approximately $26,644,315.50. This trade represents a 12.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tony Thompson sold 1,401 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total transaction of $439,914.00. Following the transaction, the senior vice president now owns 13,212 shares in the company, valued at $4,148,568. This represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,866 shares of company stock worth $5,205,311 over the last quarter. 1.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

EXP has been the topic of a number of research reports. The Goldman Sachs Group lifted their target price on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial lifted their price objective on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Jefferies Financial Group lowered Eagle Materials from a “buy” rating to a “hold” rating and decreased their target price for the stock from $330.00 to $310.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. lifted their price target on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Finally, Citigroup downgraded Eagle Materials from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $334.00 to $280.00 in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $301.44.

Check Out Our Latest Report on EXP

Eagle Materials Company Profile

(Free Report)

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.