Advantage Alpha Capital Partners LP Invests $4.04 Million in Eagle Materials Inc. (NYSE:EXP)

Advantage Alpha Capital Partners LP bought a new position in shares of Eagle Materials Inc. (NYSE:EXP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,049 shares of the construction company’s stock, valued at approximately $4,041,000.

A number of other hedge funds have also added to or reduced their stakes in EXP. Bessemer Group Inc. lifted its position in Eagle Materials by 132.7% during the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock worth $31,000 after buying an additional 65 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Eagle Materials in the first quarter valued at about $42,000. EntryPoint Capital LLC raised its holdings in Eagle Materials by 1,760.0% during the first quarter. EntryPoint Capital LLC now owns 186 shares of the construction company’s stock worth $51,000 after acquiring an additional 176 shares in the last quarter. McClarren Financial Advisors Inc. raised its holdings in Eagle Materials by 10,750.0% during the second quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock worth $47,000 after acquiring an additional 215 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Eagle Materials during the third quarter valued at approximately $64,000. Institutional investors own 96.07% of the company’s stock.

Insiders Place Their Bets

In related news, Director George John Damiris sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total value of $277,620.00. Following the completion of the transaction, the director now owns 7,943 shares in the company, valued at $2,205,135.66. This trade represents 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, CEO Michael Haack sold 11,888 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the transaction, the chief executive officer now directly owns 85,811 shares of the company’s stock, valued at $26,644,315.50. The trade was a 12.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,866 shares of company stock worth $5,482,931 over the last three months. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on EXP. The Goldman Sachs Group boosted 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 boosted their target price on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Citigroup increased their price target on shares of Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. boosted their price objective on shares of Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, Stephens raised their target price on shares of Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $304.89.

Eagle Materials Stock Performance

Shares of EXP stock opened at $315.50 on Tuesday. Eagle Materials Inc. has a 52 week low of $177.67 and a 52 week high of $321.93. The company has a 50-day simple moving average of $294.49 and a 200 day simple moving average of $259.03. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34. The company has a market capitalization of $10.58 billion, a price-to-earnings ratio of 22.28 and a beta of 1.32.

Eagle Materials (NYSE:EXP) last released its quarterly 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). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The business had revenue of $623.62 million during the quarter, compared to analyst estimates of $651.46 million. During the same quarter last year, the company posted $4.28 earnings per share. The company’s revenue was up .2% on a year-over-year basis. On average, sell-side analysts predict that Eagle Materials Inc. will post 15.24 earnings per share for the current year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Monday, December 16th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

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.