EP Wealth Advisors LLC Invests $236,000 in Eagle Materials Inc. (NYSE:EXP)

EP Wealth Advisors LLC bought a new stake in shares of Eagle Materials Inc. (NYSE:EXP) in the 3rd quarter, Holdings Channel.com reports. The firm bought 821 shares of the construction company’s stock, valued at approximately $236,000.

Several other large investors also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of Eagle Materials by 481.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,315 shares of the construction company’s stock worth $1,808,000 after purchasing an additional 6,885 shares in the last quarter. Blue Trust Inc. grew its holdings in Eagle Materials by 22.5% during the second quarter. Blue Trust Inc. now owns 680 shares of the construction company’s stock valued at $148,000 after purchasing an additional 125 shares during the period. Raymond James & Associates increased its position in Eagle Materials by 2.7% in the second quarter. Raymond James & Associates now owns 70,692 shares of the construction company’s stock worth $15,373,000 after buying an additional 1,885 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Eagle Materials by 54.5% in the second quarter. Nisa Investment Advisors LLC now owns 26,456 shares of the construction company’s stock worth $5,761,000 after buying an additional 9,328 shares during the period. Finally, Fifth Third Wealth Advisors LLC purchased a new position in shares of Eagle Materials during the 2nd quarter valued at about $235,000. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Trading Down 1.5 %

Shares of EXP stock opened at $273.32 on Friday. The stock’s 50-day moving average price is $297.21 and its 200-day moving average price is $263.17. Eagle Materials Inc. has a 12-month low of $193.95 and a 12-month high of $321.93. The stock has a market capitalization of $9.17 billion, a price-to-earnings ratio of 19.30 and a beta of 1.33. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) 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 firm had revenue of $623.62 million for the quarter, compared to analysts’ expectations of $651.46 million. During the same period last year, the company earned $4.28 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. Equities research analysts predict that Eagle Materials Inc. will post 15.24 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm 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 of this dividend is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.37%. Eagle Materials’s payout ratio is currently 7.06%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group increased their target price on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. 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 note on Wednesday, November 27th. Truist Financial lifted their target price on shares of 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 boosted 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. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $307.11.

Insider Transactions at Eagle Materials

In other news, CEO Michael Haack sold 11,888 shares of the firm’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 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 $26,644,315.50. This trade represents a 12.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Ross Stewart sold 3,577 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total value of $1,074,173.10. Following the transaction, the director now directly owns 1,100 shares in the company, valued at approximately $330,330. This represents a 76.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,866 shares of company stock worth $5,482,931 in the last three months. Insiders own 1.60% of the company’s stock.

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.