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

Sheaff Brock Investment Advisors LLC lifted its holdings in Eagle Materials Inc. (NYSE:EXP) by 1.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,678 shares of the construction company’s stock after purchasing an additional 95 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Eagle Materials were worth $2,496,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of brokerages have commented on EXP. The Goldman Sachs Group lifted their price target on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Truist Financial lifted their price target on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Jefferies Financial Group boosted their price objective on Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Citigroup boosted their price objective on Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Stephens boosted their price objective on Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $303.78.

Insider Transactions at Eagle Materials

In other news, Director George John Damiris sold 1,000 shares of Eagle Materials stock in a transaction that occurred on Tuesday, September 17th. The shares were 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. This trade represents a 11.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tony Thompson sold 1,401 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the transaction, the senior vice president now directly owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. This trade represents a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Eagle Materials Stock Down 0.8 %

Eagle Materials stock opened at $305.85 on Friday. Eagle Materials Inc. has a twelve month low of $172.20 and a twelve month high of $317.00. The stock’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 firm has a market capitalization of $10.26 billion, a P/E ratio of 21.60 and a beta of 1.32.

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

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.33%. Eagle Materials’s dividend payout ratio (DPR) 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, 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.