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

Advantage Alpha Capital Partners LP acquired a new stake in Eagle Materials Inc. (NYSE:EXP - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 14,049 shares of the construction company's stock, valued at approximately $4,041,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EXP. FMR LLC boosted its stake in shares of Eagle Materials by 30.1% in the third quarter. FMR LLC now owns 3,801,257 shares of the construction company's stock valued at $1,093,432,000 after buying an additional 878,400 shares during the period. Epoch Investment Partners Inc. lifted its position in shares of Eagle Materials by 25.2% during the 2nd quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company's stock valued at $175,111,000 after acquiring an additional 162,049 shares during the period. William Blair Investment Management LLC grew its holdings in shares of Eagle Materials by 4.9% during the 2nd quarter. William Blair Investment Management LLC now owns 595,276 shares of the construction company's stock worth $129,449,000 after purchasing an additional 28,003 shares in the last quarter. Federated Hermes Inc. increased its position in shares of Eagle Materials by 33.4% in the second 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 period. Finally, Price T Rowe Associates Inc. MD raised its stake in Eagle Materials by 1.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 351,258 shares of the construction company's stock valued at $95,455,000 after purchasing an additional 3,897 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

Insider Activity

In related news, Director George John Damiris sold 1,000 shares of the business's stock in a transaction 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 transaction, the director now owns 7,943 shares in the company, valued at $2,205,135.66. The trade was a 11.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tony Thompson sold 1,401 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total value of $439,914.00. Following the sale, the senior vice president now owns 13,212 shares of the company's stock, valued at approximately $4,148,568. The trade was a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,866 shares of company stock valued at $5,482,931. Company insiders own 1.60% of the company's stock.

Eagle Materials Trading Down 1.7 %

Shares of EXP stock traded down $5.33 during mid-day trading on Tuesday, reaching $309.96. 244,910 shares of the stock traded hands, compared to its average volume of 304,728. The company has a market cap of $10.40 billion, a price-to-earnings ratio of 21.89 and a beta of 1.32. 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's fifty day simple moving average is $294.49 and its two-hundred day simple moving average is $259.03. Eagle Materials Inc. has a 1-year low of $177.67 and a 1-year high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) 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). Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The business had revenue of $623.62 million for the quarter, compared to analyst estimates of $651.46 million. During the same quarter in the prior year, the business earned $4.28 earnings per share. The firm's quarterly revenue was up .2% on a year-over-year basis. On average, research analysts anticipate that Eagle Materials Inc. will post 15.24 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business 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. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.32%. Eagle Materials's dividend payout ratio (DPR) is presently 7.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group increased their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Loop Capital lowered shares of Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price target on the stock. in a research report on Monday. Citigroup boosted their price objective on shares of Eagle Materials from $252.00 to $311.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Stephens raised their target price on Eagle Materials from $280.00 to $315.00 and gave the company an "overweight" rating in a report on Thursday, August 1st. Finally, Truist Financial lifted their price target on Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $304.89.

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.