Charles Schwab Investment Management Inc. Sells 4,768 Shares of Eagle Materials Inc. (NYSE:EXP)

Charles Schwab Investment Management Inc. lowered its stake in shares of Eagle Materials Inc. (NYSE:EXP) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 330,689 shares of the construction company’s stock after selling 4,768 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.99% of Eagle Materials worth $95,123,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in EXP. Epoch Investment Partners Inc. grew its position in shares of Eagle Materials by 25.2% during the 2nd 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. Federated Hermes Inc. grew its holdings in Eagle Materials by 33.4% during the second quarter. Federated Hermes Inc. now owns 529,701 shares of the construction company’s stock valued at $115,189,000 after purchasing an additional 132,677 shares during the period. Baupost Group LLC MA grew its holdings in Eagle Materials by 30.6% during the second quarter. Baupost Group LLC MA now owns 342,102 shares of the construction company’s stock valued at $74,394,000 after purchasing an additional 80,102 shares during the period. Handelsbanken Fonder AB increased its position in Eagle Materials by 24.0% in the third quarter. Handelsbanken Fonder AB now owns 293,730 shares of the construction company’s stock worth $84,491,000 after buying an additional 56,900 shares during the last quarter. Finally, Weybosset Research & Management LLC bought a new stake in shares of Eagle Materials in the third quarter valued at $9,842,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

EXP has been the subject of several recent research reports. The Goldman Sachs Group lifted their price objective on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Truist Financial lifted their target price on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. upped their price target on shares of Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Loop Capital lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a research note on Monday. Finally, Jefferies Financial Group increased their target price on Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Four investment 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $304.89.

Eagle Materials Stock Down 1.7 %

Shares of NYSE:EXP opened at $309.96 on Wednesday. The firm has a fifty day moving average price of $294.49 and a two-hundred day moving average price of $259.03. The company has a market cap of $10.40 billion, a price-to-earnings ratio of 21.89 and a beta of 1.32. 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 Inc. has a one year low of $177.67 and a one year high of $321.93.

Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.44). The business had revenue of $623.62 million for the quarter, compared to analysts’ expectations of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. Eagle Materials’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.28 earnings per share. Analysts anticipate that Eagle Materials Inc. will post 15.24 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

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

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of Eagle Materials 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 completion of the sale, the director now owns 7,943 shares of the company’s stock, valued at $2,205,135.66. The trade was a 11.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Tony Thompson sold 1,401 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value 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 trade represents a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,866 shares of company stock worth $5,482,931 over the last three months. 1.60% of the stock is owned by insiders.

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.