Federated Hermes Inc. Sells 123,176 Shares of Eagle Materials Inc $EXP

Federated Hermes Inc. lessened its position in Eagle Materials Inc (NYSE:EXP) by 21.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 460,921 shares of the construction company’s stock after selling 123,176 shares during the period. Federated Hermes Inc.’s holdings in Eagle Materials were worth $93,157,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Hantz Financial Services Inc. increased its holdings in shares of Eagle Materials by 7,750.0% during the second quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock worth $32,000 after buying an additional 155 shares in the last quarter. MAI Capital Management grew its position in Eagle Materials by 3,060.0% during the 2nd quarter. MAI Capital Management now owns 158 shares of the construction company’s stock worth $32,000 after acquiring an additional 153 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Eagle Materials by 102.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock valued at $35,000 after purchasing an additional 87 shares in the last quarter. SVB Wealth LLC bought a new position in Eagle Materials in the 1st quarter valued at $41,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Eagle Materials by 62.5% in the second quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EXP shares. Jefferies Financial Group restated a “hold” rating and issued a $226.00 target price on shares of Eagle Materials in a research note on Monday, November 3rd. DA Davidson lowered their price objective on shares of Eagle Materials from $245.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eagle Materials in a research note on Monday, December 1st. Wells Fargo & Company decreased their price target on shares of Eagle Materials from $261.00 to $251.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Finally, Stifel Nicolaus set a $246.00 price target on shares of Eagle Materials in a report on Monday, October 27th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $243.30.

Insider Activity at Eagle Materials

In related news, Director David E. Rush acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The stock was acquired at an average price of $208.08 per share, for a total transaction of $208,080.00. Following the completion of the acquisition, the director owned 4,173 shares of the company’s stock, valued at $868,317.84. This trade represents a 31.52% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by company insiders.

Eagle Materials Stock Up 0.0%

Shares of NYSE:EXP opened at $221.91 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.72 and a quick ratio of 1.22. The stock has a market cap of $7.11 billion, a price-to-earnings ratio of 16.38 and a beta of 1.37. The company has a 50 day moving average of $222.14 and a 200-day moving average of $220.22. Eagle Materials Inc has a one year low of $191.91 and a one year high of $301.35.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $4.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.12). Eagle Materials had a net margin of 19.41% and a return on equity of 30.13%. The business had revenue of $638.91 million during the quarter, compared to the consensus estimate of $635.55 million. During the same period in the previous year, the business posted $4.31 earnings per share. Eagle Materials’s revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts forecast that Eagle Materials Inc will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Monday, December 15th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, December 15th. Eagle Materials’s dividend payout ratio (DPR) is currently 7.38%.

Eagle Materials Company 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.