Advantage Alpha Capital Partners LP Acquires Shares of 14,049 Eagle Materials Inc. (NYSE:EXP)

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

Other hedge funds have also made changes to their positions in the company. Bessemer Group Inc. boosted its position in Eagle Materials by 132.7% in the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after buying an additional 65 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Eagle Materials in the 1st quarter worth approximately $42,000. EntryPoint Capital LLC grew its position in Eagle Materials by 1,760.0% during the 1st quarter. EntryPoint Capital LLC now owns 186 shares of the construction company’s stock worth $51,000 after acquiring an additional 176 shares during the last quarter. McClarren Financial Advisors Inc. increased its holdings 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 in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Eagle Materials in the 3rd quarter valued at $64,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Insider Buying and Selling at Eagle Materials

In other news, SVP Tony Thompson sold 1,401 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 13,212 shares in the company, valued at $4,148,568. This represents a 9.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Haack sold 11,888 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the sale, the chief executive officer now owns 85,811 shares in the company, valued at approximately $26,644,315.50. The trade was a 12.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,866 shares of company stock valued at $5,482,931. Company insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

EXP has been the subject of a number of research reports. Stephens raised their target price on Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Loop Capital cut 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. 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. Jefferies Financial Group raised their price target on shares of Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group upped their price objective on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $304.89.

Eagle Materials Stock Up 0.4 %

Shares of Eagle Materials stock opened at $315.50 on Tuesday. Eagle Materials Inc. has a 12 month low of $177.67 and a 12 month high of $321.93. The business has a fifty day simple moving average of $294.49 and a 200 day simple moving average of $259.03. 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 stock has a market cap of $10.58 billion, a PE ratio of 22.28 and a beta of 1.32.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 EPS 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 last year, the company earned $4.28 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. Research analysts predict that Eagle Materials Inc. will post 15.24 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 0.32%. Eagle Materials’s dividend payout ratio is presently 7.06%.

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.