Quantinno Capital Management LP Takes $230,000 Position in Eagle Materials Inc. (NYSE:EXP)

Quantinno Capital Management LP purchased a new position in shares of Eagle Materials Inc. (NYSE:EXP) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 799 shares of the construction company’s stock, valued at approximately $230,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. McClarren Financial Advisors Inc. lifted its position 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 worth $47,000 after purchasing an additional 215 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Eagle Materials during the 3rd quarter worth $64,000. Quent Capital LLC lifted its holdings 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 in the last quarter. GAMMA Investing LLC boosted its position in Eagle Materials by 29.7% in the 3rd quarter. GAMMA Investing LLC now owns 611 shares of the construction company’s stock valued at $176,000 after buying an additional 140 shares during the last quarter. Finally, Central Pacific Bank Trust Division grew its stake in shares of Eagle Materials by 23.5% during the third quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company’s stock valued at $181,000 after acquiring an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Down 1.8 %

EXP stock opened at $268.02 on Tuesday. The firm has a fifty day moving average price of $296.87 and a two-hundred day moving average price of $263.66. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. Eagle Materials Inc. has a 1-year low of $195.93 and a 1-year high of $321.93. The firm has a market cap of $8.99 billion, a price-to-earnings ratio of 18.93 and a beta of 1.33.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data 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 business had revenue of $623.62 million for the quarter, compared to the consensus estimate of $651.46 million. During the same period in the prior year, the company earned $4.28 EPS. Eagle Materials’s quarterly revenue was up .2% on a year-over-year basis. Research analysts predict that Eagle Materials Inc. will post 15.24 EPS for the current year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Monday, December 16th. Eagle Materials’s dividend payout ratio (DPR) is 7.06%.

Analyst Ratings Changes

Several research analysts recently commented on the company. The Goldman Sachs Group boosted 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. Jefferies Financial Group lowered Eagle Materials from a “buy” rating to a “hold” rating and cut their target price for the company from $330.00 to $310.00 in a research report on Monday. Truist Financial raised their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. upped their price target on shares of Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Finally, Loop Capital lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a report on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $304.89.

Insider Activity at Eagle Materials

In related news, CEO Michael Haack sold 11,888 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value of $3,691,224.00. Following the sale, the chief executive officer now owns 85,811 shares of the company’s stock, valued at $26,644,315.50. This trade represents a 12.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tony Thompson sold 1,401 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total transaction of $439,914.00. Following the transaction, the senior vice president now directly owns 13,212 shares of the company’s stock, valued at $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. Insiders sold 16,866 shares of company stock worth $5,205,311 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

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.