Eagle Materials Inc. (NYSE:EXP) Shares Acquired by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC lifted its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 1.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,678 shares of the construction company’s stock after buying an additional 95 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Eagle Materials were worth $2,496,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EXP. Baupost Group LLC MA acquired a new position in Eagle Materials in the 1st quarter worth $71,199,000. Captrust Financial Advisors lifted its holdings in Eagle Materials by 61.6% in the 1st quarter. Captrust Financial Advisors now owns 509,605 shares of the construction company’s stock worth $138,485,000 after buying an additional 194,342 shares in the last quarter. Jupiter Asset Management Ltd. increased its position in shares of Eagle Materials by 3,537.5% in the 1st quarter. Jupiter Asset Management Ltd. now owns 172,779 shares of the construction company’s stock worth $46,953,000 after purchasing an additional 168,029 shares during the last quarter. Epoch Investment Partners Inc. increased its position in shares of Eagle Materials by 25.2% in the 2nd quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company’s stock worth $175,111,000 after purchasing an additional 162,049 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Eagle Materials by 33.4% in the 2nd quarter. Federated Hermes Inc. now owns 529,701 shares of the construction company’s stock worth $115,189,000 after purchasing an additional 132,677 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Trading Down 0.8 %

NYSE EXP opened at $305.85 on Friday. Eagle Materials Inc. has a 1-year low of $172.20 and a 1-year high of $317.00. The firm’s fifty day simple moving average is $287.70 and its 200-day simple moving average is $256.88. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $10.26 billion, a PE ratio of 21.60 and a beta of 1.32.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The company had revenue of $623.62 million during the quarter, compared to the consensus estimate of $651.46 million. During the same period in the previous year, the business posted $4.28 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Eagle Materials Inc. will post 15.24 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 Monday, January 13th. Shareholders of record on Monday, December 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Monday, December 16th. Eagle Materials’s dividend payout ratio is currently 7.06%.

Insiders Place Their Bets

In related news, Director George John Damiris sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tony Thompson sold 1,401 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value of $439,914.00. Following the completion of the sale, the senior vice president now directly owns 13,212 shares in the company, valued at approximately $4,148,568. This represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

EXP has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Jefferies Financial Group boosted their price objective on shares of Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group boosted their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Truist Financial upped their target price on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Citigroup upped their target price on shares of Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $303.78.

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.