Hancock Whitney Corp Sells 1,166 Shares of Eagle Materials Inc $EXP

Hancock Whitney Corp reduced its position in Eagle Materials Inc (NYSE:EXP - Free Report) by 53.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,025 shares of the construction company's stock after selling 1,166 shares during the period. Hancock Whitney Corp's holdings in Eagle Materials were worth $227,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. SVB Wealth LLC bought a new position in Eagle Materials during the first quarter worth about $41,000. Parallel Advisors LLC boosted its holdings in Eagle Materials by 26.8% in the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock worth $55,000 after buying an additional 52 shares during the period. Private Trust Co. NA grew its stake in Eagle Materials by 39.0% in the 1st quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock valued at $63,000 after buying an additional 80 shares in the last quarter. Assetmark Inc. grew its stake in Eagle Materials by 486.6% in the 1st quarter. Assetmark Inc. now owns 393 shares of the construction company's stock valued at $87,000 after buying an additional 326 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in Eagle Materials by 39.1% during the 1st quarter. Signaturefd LLC now owns 466 shares of the construction company's stock valued at $103,000 after acquiring an additional 131 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wall Street Zen raised Eagle Materials from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Citigroup reduced their target price on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Loop Capital increased their price target on shares of Eagle Materials from $230.00 to $245.00 and gave the stock a "hold" rating in a report on Wednesday, July 30th. The Goldman Sachs Group set a $242.00 price objective on shares of Eagle Materials and gave the company a "buy" rating in a research note on Wednesday, May 21st. Finally, Stifel Nicolaus set a $241.00 target price on shares of Eagle Materials and gave the stock a "hold" rating in a research note on Wednesday, May 21st. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Eagle Materials has a consensus rating of "Hold" and an average target price of $254.78.

Eagle Materials Price Performance

Shares of Eagle Materials stock traded down $2.43 on Friday, hitting $234.94. 127,951 shares of the company traded hands, compared to its average volume of 392,238. Eagle Materials Inc has a 12-month low of $191.91 and a 12-month high of $321.93. The company has a current ratio of 2.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.87. The company has a market cap of $7.62 billion, a P/E ratio of 17.30 and a beta of 1.28. The firm's 50-day simple moving average is $226.23 and its 200 day simple moving average is $219.76.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.03. The firm had revenue of $634.69 million during the quarter, compared to analyst estimates of $611.52 million. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%. Analysts expect that Eagle Materials Inc will post 14.39 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 Thursday, October 16th. Shareholders of record on Monday, September 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, September 15th. Eagle Materials's dividend payout ratio (DPR) is presently 7.36%.

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.