World Investment Advisors LLC Makes New $34.85 Million Investment in Eagle Materials Inc. (NYSE:EXP)

World Investment Advisors LLC acquired a new stake in shares of Eagle Materials Inc. (NYSE:EXP) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 121,142 shares of the construction company’s stock, valued at approximately $34,846,000. World Investment Advisors LLC owned about 0.36% of Eagle Materials at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. McClarren Financial Advisors Inc. boosted its stake in Eagle Materials by 10,750.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock valued at $47,000 after purchasing an additional 215 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Eagle Materials in the third quarter valued at approximately $64,000. Quent Capital LLC lifted its holdings in shares of Eagle Materials by 155.3% in the third quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock valued at $125,000 after purchasing an additional 264 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Eagle Materials by 29.7% during the third quarter. GAMMA Investing LLC now owns 611 shares of the construction company’s stock valued at $176,000 after buying an additional 140 shares during the last quarter. Finally, Central Pacific Bank Trust Division grew its holdings in Eagle Materials by 23.5% during the third quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company’s stock worth $181,000 after buying an additional 120 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Eagle Materials Trading Down 1.1 %

Shares of EXP stock opened at $296.70 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. The firm has a market cap of $9.95 billion, a P/E ratio of 20.95 and a beta of 1.33. The company has a 50 day moving average of $297.79 and a 200-day moving average of $261.58. Eagle Materials Inc. has a 12-month low of $184.68 and a 12-month high of $321.93.

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

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Monday, December 16th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Truist Financial raised their price objective on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, November 4th. The Goldman Sachs Group raised their price target 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. Loop Capital downgraded 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 report on Monday, November 25th. JPMorgan Chase & Co. lifted their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Finally, Jefferies Financial Group boosted their target price on Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $307.11.

Insiders Place Their Bets

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of Eagle Materials stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the completion of the transaction, the senior vice president now owns 13,212 shares of the company’s stock, valued at $4,148,568. The trade was a 9.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director George John Damiris sold 1,000 shares of the 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 directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. The trade was a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,866 shares of company stock worth $5,482,931 over the last quarter. 1.60% of the stock is currently owned by company insiders.

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.