HighTower Advisors LLC Purchases 962 Shares of Eagle Materials Inc. (NYSE:EXP)

HighTower Advisors LLC increased its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 50.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,887 shares of the construction company’s stock after acquiring an additional 962 shares during the quarter. HighTower Advisors LLC’s holdings in Eagle Materials were worth $828,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. raised its stake in shares of 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 acquiring an additional 215 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Eagle Materials in the third quarter valued at $64,000. Quent Capital LLC raised its position in Eagle Materials by 155.3% during the 3rd quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock worth $125,000 after purchasing an additional 264 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Eagle Materials by 29.7% during the 3rd quarter. GAMMA Investing LLC now owns 611 shares of the construction company’s stock worth $176,000 after buying an additional 140 shares during the period. Finally, Central Pacific Bank Trust Division grew its position in shares of Eagle Materials by 23.5% in the 3rd quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company’s stock valued at $181,000 after buying an additional 120 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Insider Activity

In other Eagle Materials news, 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 transaction of $439,914.00. Following the completion of the sale, the senior vice president now directly owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. The trade was a 9.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Haack sold 11,888 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total value of $3,691,224.00. Following the completion of the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Insiders sold a total of 16,866 shares of company stock worth $5,205,311 over the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Truist Financial lifted their price objective on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Loop Capital downgraded 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, November 25th. JPMorgan Chase & Co. increased their price objective on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Jefferies Financial Group lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and dropped their target price for the company from $330.00 to $310.00 in a report on Monday. Finally, The Goldman Sachs Group upped their price target on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Eagle Materials presently has an average rating of “Moderate Buy” and a consensus price target of $304.89.

Eagle Materials Stock Down 3.5 %

Shares of NYSE EXP opened at $257.10 on Thursday. 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 firm has a market cap of $8.62 billion, a PE ratio of 18.16 and a beta of 1.33. The company’s fifty day simple moving average is $295.70 and its 200 day simple moving average is $263.85. Eagle Materials Inc. has a 12-month low of $195.93 and a 12-month high of $321.93.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). The company had revenue of $623.62 million for the quarter, compared to the consensus estimate of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. Eagle Materials’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the company earned $4.28 EPS. As a group, sell-side analysts forecast that Eagle Materials Inc. will post 15.24 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 16th will be paid a $0.25 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

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.