Sanctuary Advisors LLC Buys 480 Shares of Eagle Materials Inc. (NYSE:EXP)

Sanctuary Advisors LLC increased its position in Eagle Materials Inc. (NYSE:EXP) by 20.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,883 shares of the construction company’s stock after acquiring an additional 480 shares during the quarter. Sanctuary Advisors LLC’s holdings in Eagle Materials were worth $906,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EXP. FMR LLC boosted its holdings in Eagle Materials by 30.1% in the 3rd quarter. FMR LLC now owns 3,801,257 shares of the construction company’s stock valued at $1,093,432,000 after purchasing an additional 878,400 shares during the period. Epoch Investment Partners Inc. boosted its stake in Eagle Materials by 25.2% during the second quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company’s stock valued at $175,111,000 after buying an additional 162,049 shares during the period. Baupost Group LLC MA boosted its stake in Eagle Materials by 46.2% during the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock valued at $143,904,000 after buying an additional 158,171 shares during the period. Federated Hermes Inc. grew its position in Eagle Materials by 33.4% during the second quarter. Federated Hermes Inc. now owns 529,701 shares of the construction company’s stock worth $115,189,000 after buying an additional 132,677 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new stake in shares of Eagle Materials in the 3rd quarter valued at about $34,846,000. 96.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, CEO Michael Haack sold 11,888 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 85,811 shares of the company’s stock, valued at approximately $26,644,315.50. The trade was a 12.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tony Thompson sold 1,401 shares of the firm’s stock in a transaction dated 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. This represents 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 valued at $5,205,311 in the last 90 days. Insiders own 1.60% of the company’s stock.

Eagle Materials Stock Performance

Shares of EXP stock opened at $248.30 on Monday. The company has a market capitalization of $8.33 billion, a P/E ratio of 17.54 and a beta of 1.33. Eagle Materials Inc. has a fifty-two week low of $195.93 and a fifty-two week high of $321.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34. The stock has a 50 day moving average price of $294.05 and a two-hundred day moving average price of $264.18.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.44). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The firm had revenue of $623.62 million for the quarter, compared to analysts’ expectations of $651.46 million. During the same period in the previous year, the company earned $4.28 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. Analysts expect that Eagle Materials Inc. will post 15.24 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm 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 dividend of $0.25 per share. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. Eagle Materials’s dividend payout ratio is presently 7.06%.

Analysts Set New Price Targets

Several research analysts recently weighed in on EXP shares. JPMorgan Chase & Co. upped 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 downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $330.00 to $310.00 in a report on Monday, December 16th. Truist Financial increased 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 for the company. in a research note on Monday, November 25th. Finally, The Goldman Sachs Group increased their price objective on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Eagle Materials presently has a consensus rating of “Moderate Buy” and an average target price of $304.89.

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.