Eagle Materials Inc $EXP Stake Lessened by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP lessened its holdings in Eagle Materials Inc (NYSE:EXP) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,764 shares of the construction company’s stock after selling 469 shares during the period. Advantage Alpha Capital Partners LP owned about 0.06% of Eagle Materials worth $4,197,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EXP. Sheets Smith Wealth Management boosted its position in Eagle Materials by 2.0% during the 2nd quarter. Sheets Smith Wealth Management now owns 2,750 shares of the construction company’s stock worth $556,000 after acquiring an additional 54 shares during the period. ProShare Advisors LLC lifted its position in shares of Eagle Materials by 3.9% in the second quarter. ProShare Advisors LLC now owns 1,474 shares of the construction company’s stock worth $298,000 after purchasing an additional 56 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Eagle Materials by 5.2% in the second quarter. Blue Trust Inc. now owns 1,146 shares of the construction company’s stock worth $232,000 after purchasing an additional 57 shares in the last quarter. Fulton Bank N.A. boosted its holdings in shares of Eagle Materials by 6.1% during the second quarter. Fulton Bank N.A. now owns 1,084 shares of the construction company’s stock worth $219,000 after purchasing an additional 62 shares during the period. Finally, Tectonic Advisors LLC grew its position in Eagle Materials by 0.6% during the second quarter. Tectonic Advisors LLC now owns 9,652 shares of the construction company’s stock valued at $1,951,000 after purchasing an additional 62 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $226.00 target price on shares of Eagle Materials in a research report on Monday, November 3rd. Citigroup cut their price objective on Eagle Materials from $255.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 31st. JPMorgan Chase & Co. lowered their target price on Eagle Materials from $245.00 to $230.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Stifel Nicolaus set a $246.00 target price on Eagle Materials in a research report on Monday, October 27th. Finally, Zacks Research lowered Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $243.30.

Eagle Materials Price Performance

NYSE EXP opened at $221.22 on Friday. Eagle Materials Inc has a fifty-two week low of $191.91 and a fifty-two week high of $312.67. The stock’s 50-day moving average is $222.95 and its two-hundred day moving average is $220.84. The firm has a market cap of $7.09 billion, a P/E ratio of 16.29 and a beta of 1.31. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $4.23 EPS for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.12). Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The company had revenue of $638.91 million for the quarter, compared to analyst estimates of $635.55 million. During the same period in the prior year, the company posted $4.31 EPS. The business’s revenue was up 2.5% on a year-over-year basis. On average, analysts anticipate that Eagle Materials Inc will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Monday, December 15th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials’s dividend payout ratio (DPR) is currently 7.38%.

Insider Buying and Selling at Eagle Materials

In other news, Director David E. Rush acquired 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was acquired at an average cost of $208.08 per share, with a total value of $208,080.00. Following the acquisition, the director owned 4,173 shares in the company, valued at approximately $868,317.84. This represents a 31.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.50% of the company’s stock.

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.