Insider Selling: Eagle Materials Inc. (NYSE:EXP) Director Sells 3,577 Shares of Stock

Eagle Materials Inc. (NYSE:EXP) Director Richard Ross Stewart sold 3,577 shares of Eagle Materials stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the completion of the sale, the director now owns 1,100 shares of the company’s stock, valued at $330,330. This trade represents a 76.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Eagle Materials Trading Up 1.7 %

Shares of NYSE EXP traded up $5.24 during trading hours on Friday, reaching $314.35. The stock had a trading volume of 241,919 shares, compared to its average volume of 303,767. The business’s fifty day moving average price is $292.88 and its two-hundred day moving average price is $258.49. Eagle Materials Inc. has a 52-week low of $177.65 and a 52-week high of $317.00. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 21.87 and a beta of 1.32.

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

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.32%. Eagle Materials’s dividend payout ratio is currently 7.06%.

Institutional Trading of Eagle Materials

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its stake in Eagle Materials by 30.1% during the 3rd quarter. FMR LLC now owns 3,801,257 shares of the construction company’s stock worth $1,093,432,000 after acquiring an additional 878,400 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Eagle Materials by 61.6% in the first quarter. Captrust Financial Advisors now owns 509,605 shares of the construction company’s stock valued at $138,485,000 after purchasing an additional 194,342 shares during the period. Epoch Investment Partners Inc. grew its holdings in Eagle Materials by 25.2% during the 2nd quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company’s stock worth $175,111,000 after acquiring an additional 162,049 shares in the last quarter. Baupost Group LLC MA grew its holdings in shares of Eagle Materials by 46.2% during the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock worth $143,904,000 after purchasing an additional 158,171 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of 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 purchasing an additional 132,677 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analysts Set New Price Targets

EXP has been the subject of a number of recent research reports. Stephens increased their price objective on shares of Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Truist Financial lifted their target price on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. The Goldman Sachs Group upped their target price 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. Citigroup lifted their price target on shares of Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. boosted their price target on Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $303.78.

Eagle Materials Company 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.