HighTower Advisors LLC Has $828,000 Position in Eagle Materials Inc. (NYSE:EXP)

HighTower Advisors LLC grew its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 50.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,887 shares of the construction company’s stock after buying 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 reporting period.

A number of other large investors also recently modified their holdings of EXP. McClarren Financial Advisors Inc. raised its holdings 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 worth $47,000 after acquiring an additional 215 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Eagle Materials during the 3rd quarter worth approximately $64,000. Quent Capital LLC raised its stake in shares of 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 in the last quarter. GAMMA Investing LLC boosted its holdings in shares of 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% in the third 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 in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value 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. This trade represents a 9.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Haack sold 11,888 shares of the business’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 $26,644,315.50. The trade was a 12.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,866 shares of company stock worth $5,205,311 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Eagle Materials Stock Performance

Shares of NYSE EXP opened at $257.10 on Thursday. 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 firm has a market cap of $8.62 billion, a price-to-earnings ratio of 18.16 and a beta of 1.33. The stock’s fifty day moving average price is $295.70 and its two-hundred day moving average price is $263.85. Eagle Materials Inc. has a one year low of $195.93 and a one year high of $321.93.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). The business 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%. During the same period in the prior year, the business posted $4.28 earnings per share. Eagle Materials’s revenue was up .2% compared to the same quarter last year. On average, equities analysts forecast that Eagle Materials Inc. will post 15.24 EPS for the current year.

Eagle Materials Dividend Announcement

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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend is Monday, December 16th. Eagle Materials’s dividend payout ratio is currently 7.06%.

Wall Street Analyst Weigh In

A number of brokerages have commented on EXP. Loop Capital cut shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target for the company. in a research note on Monday, November 25th. JPMorgan Chase & Co. raised their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Jefferies Financial Group downgraded Eagle Materials from a “buy” rating to a “hold” rating and lowered their price target for the stock from $330.00 to $310.00 in a research report on Monday. The Goldman Sachs Group upped their price objective on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Truist Financial lifted their target price on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Eagle Materials currently has a consensus rating of “Moderate Buy” and an average price target of $304.89.

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.