World Investment Advisors LLC Acquires New Position in Eagle Materials Inc. (NYSE:EXP)

World Investment Advisors LLC purchased a new position in Eagle Materials Inc. (NYSE:EXP - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 121,142 shares of the construction company's stock, valued at approximately $34,846,000. Eagle Materials comprises about 0.8% of World Investment Advisors LLC's holdings, making the stock its 15th largest holding. World Investment Advisors LLC owned about 0.36% of Eagle Materials at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in EXP. McClarren Financial Advisors Inc. raised its position 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 valued at $47,000 after purchasing an additional 215 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Eagle Materials during the 3rd quarter valued at about $64,000. Quent Capital LLC lifted its position in Eagle Materials by 155.3% in the 3rd quarter. Quent Capital LLC now owns 434 shares of the construction company's stock worth $125,000 after buying an additional 264 shares during the last quarter. Blue Trust Inc. boosted its stake in Eagle Materials by 22.5% in the second quarter. Blue Trust Inc. now owns 680 shares of the construction company's stock worth $148,000 after buying an additional 125 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Eagle Materials by 29.7% in the third quarter. GAMMA Investing LLC now owns 611 shares of the construction company's stock worth $176,000 after buying an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Eagle Materials Trading Down 0.2 %

NYSE:EXP traded down $0.68 during trading hours on Thursday, hitting $277.74. The company had a trading volume of 256,145 shares, compared to its average volume of 303,814. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. The stock has a 50-day moving average price of $297.54 and a 200 day moving average price of $262.61. The company has a market capitalization of $9.32 billion, a PE ratio of 19.66 and a beta of 1.33. Eagle Materials Inc. has a 52 week low of $186.72 and a 52 week high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share 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 for the quarter, compared to the consensus estimate of $651.46 million. During the same period in the previous year, the firm posted $4.28 EPS. The company's revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts predict that Eagle Materials Inc. will post 15.24 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The company 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Monday, December 16th. Eagle Materials's payout ratio is presently 7.06%.

Insider Activity

In other Eagle Materials news, CEO Michael Haack sold 11,888 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 85,811 shares of the company's stock, valued at approximately $26,644,315.50. This trade represents a 12.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tony Thompson sold 1,401 shares of the business'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 value of $439,914.00. Following the completion of the sale, the senior vice president now directly owns 13,212 shares in the company, valued at approximately $4,148,568. This represents a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,866 shares of company stock worth $5,482,931 in the last quarter. 1.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

EXP has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a "neutral" rating in a report on Wednesday, November 27th. Jefferies Financial Group upped their price target on shares of Eagle Materials from $309.00 to $330.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Truist Financial boosted their target price on Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Loop Capital lowered 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, November 25th. Finally, 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 note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $307.11.

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.