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

Quantinno Capital Management LP acquired a new position in shares of Eagle Materials Inc. (NYSE:EXP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 799 shares of the construction company’s stock, valued at approximately $230,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXP. CIBC Asset Management Inc boosted its stake in shares of Eagle Materials by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 1,032 shares of the construction company’s stock worth $297,000 after acquiring an additional 37 shares in the last quarter. Financial Strategies Group Inc. boosted its position in Eagle Materials by 4.4% during the third quarter. Financial Strategies Group Inc. now owns 1,022 shares of the construction company’s stock worth $304,000 after purchasing an additional 43 shares in the last quarter. Arizona State Retirement System grew its holdings in Eagle Materials by 0.6% in the second quarter. Arizona State Retirement System now owns 9,644 shares of the construction company’s stock valued at $2,097,000 after purchasing an additional 56 shares during the last quarter. Trivant Custom Portfolio Group LLC grew its holdings in Eagle Materials by 3.2% in the third quarter. Trivant Custom Portfolio Group LLC now owns 2,585 shares of the construction company’s stock valued at $744,000 after purchasing an additional 79 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Eagle Materials by 0.5% in the third quarter. UMB Bank n.a. now owns 15,405 shares of the construction company’s stock valued at $4,431,000 after buying an additional 79 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Trading Down 1.8 %

Shares of Eagle Materials stock opened at $268.02 on Tuesday. Eagle Materials Inc. has a fifty-two week low of $195.93 and a fifty-two week high of $321.93. The business’s fifty day moving average is $296.87 and its two-hundred day moving average is $263.66. 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 $8.99 billion, a PE ratio of 18.93 and a beta of 1.33.

Eagle Materials (NYSE:EXP) last released its 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 return on equity of 35.79% and a net margin of 21.32%. The business had revenue of $623.62 million for the quarter, compared to analysts’ expectations of $651.46 million. During the same quarter last year, the company posted $4.28 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. Analysts anticipate that Eagle Materials Inc. will post 15.24 earnings per share 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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Monday, December 16th. Eagle Materials’s dividend payout ratio (DPR) is 7.06%.

Insiders Place Their Bets

In related news, SVP Tony Thompson sold 1,401 shares of the firm’s stock in a transaction that occurred on 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 owns 13,212 shares in the company, valued at approximately $4,148,568. This trade represents a 9.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 stock was sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the sale, the chief executive officer now owns 85,811 shares of the company’s stock, valued at approximately $26,644,315.50. This represents 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 valued at $5,205,311 over the last quarter. Company insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

EXP has been the topic of several recent research reports. Jefferies Financial Group lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $330.00 to $310.00 in a research report on Monday. 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 report on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Loop Capital lowered Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 target price on the stock. in a research note on Monday, November 25th. Finally, Truist Financial raised their price target on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. 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, Eagle Materials has an average rating of “Moderate Buy” and a consensus target price 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.