UMB Bank n.a. Has $3.36 Million Position in Eagle Materials Inc. (NYSE:EXP)

UMB Bank n.a. cut its position in shares of Eagle Materials Inc. (NYSE:EXP) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,573 shares of the construction company’s stock after selling 100 shares during the quarter. UMB Bank n.a.’s holdings in Eagle Materials were worth $3,362,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Eagle Materials by 2.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,793 shares of the construction company’s stock worth $632,000 after buying an additional 74 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Eagle Materials by 0.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 12,674 shares of the construction company’s stock valued at $2,110,000 after purchasing an additional 82 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Eagle Materials by 1.7% in the second quarter. Rockefeller Capital Management L.P. now owns 5,421 shares of the construction company’s stock valued at $1,011,000 after purchasing an additional 92 shares in the last quarter. Harbor Investment Advisory LLC grew its stake in Eagle Materials by 31.0% in the third quarter. Harbor Investment Advisory LLC now owns 418 shares of the construction company’s stock valued at $70,000 after purchasing an additional 99 shares in the last quarter. Finally, First Republic Investment Management Inc. grew its stake in Eagle Materials by 2.1% in the first quarter. First Republic Investment Management Inc. now owns 5,239 shares of the construction company’s stock valued at $769,000 after purchasing an additional 109 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on EXP. JPMorgan Chase & Co. raised their price target on Eagle Materials from $200.00 to $265.00 and gave the company a “neutral” rating in a research note on Friday, March 22nd. Raymond James lifted their target price on Eagle Materials from $170.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. The Goldman Sachs Group lifted their target price on Eagle Materials from $215.00 to $238.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Stifel Nicolaus lifted their target price on Eagle Materials from $186.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Finally, StockNews.com downgraded Eagle Materials from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Eagle Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.50.

Insider Activity

In other news, SVP William R. Devlin sold 2,354 shares of Eagle Materials stock in a transaction on Friday, January 26th. The stock was sold at an average price of $214.95, for a total value of $505,992.30. Following the transaction, the senior vice president now owns 24,998 shares in the company, valued at approximately $5,373,320.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $215.60, for a total transaction of $1,078,000.00. Following the sale, the chief financial officer now owns 62,610 shares in the company, valued at approximately $13,498,716. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP William R. Devlin sold 2,354 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $214.95, for a total value of $505,992.30. Following the sale, the senior vice president now owns 24,998 shares in the company, valued at approximately $5,373,320.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,444 shares of company stock worth $4,414,889. Insiders own 1.70% of the company’s stock.

Eagle Materials Price Performance

Shares of NYSE EXP opened at $263.91 on Wednesday. The stock has a market capitalization of $9.09 billion, a PE ratio of 18.62 and a beta of 1.34. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.61 and a quick ratio of 1.13. The business has a fifty day moving average price of $248.53 and a two-hundred day moving average price of $204.23. Eagle Materials Inc. has a fifty-two week low of $135.17 and a fifty-two week high of $272.72.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.56 by $0.16. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. The company had revenue of $558.83 million for the quarter, compared to analyst estimates of $537.23 million. As a group, equities analysts predict that Eagle Materials Inc. will post 14.29 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.38%. Eagle Materials’s payout ratio is 7.06%.

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; 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.