Eagle Materials Inc. (NYSE:EXP) EVP Matt Newby Sells 2,940 Shares

Eagle Materials Inc. (NYSE:EXPGet Free Report) EVP Matt Newby sold 2,940 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $251.15, for a total value of $738,381.00. Following the sale, the executive vice president now directly owns 21,819 shares of the company’s stock, valued at $5,479,841.85. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Matt Newby also recently made the following trade(s):

  • On Monday, January 29th, Matt Newby sold 3,165 shares of Eagle Materials stock. The stock was sold at an average price of $223.76, for a total value of $708,200.40.

Eagle Materials Stock Performance

NYSE EXP traded down $0.22 on Wednesday, hitting $250.85. 207,886 shares of the company’s stock traded hands, compared to its average volume of 295,312. The firm’s 50-day moving average price is $221.21 and its two-hundred day moving average price is $191.02. The firm has a market capitalization of $8.64 billion, a PE ratio of 17.70 and a beta of 1.33. The company has a current ratio of 2.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. Eagle Materials Inc. has a 1-year low of $129.76 and a 1-year high of $253.13.

Eagle Materials (NYSE:EXPGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The construction company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.56 by $0.16. The business had revenue of $558.83 million during the quarter, compared to analysts’ expectations of $537.23 million. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. As a group, analysts expect that Eagle Materials Inc. will post 14.26 EPS for the current year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 15th will be issued a $0.25 dividend. The ex-dividend date is Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. Eagle Materials’s payout ratio is 7.06%.

Hedge Funds Weigh In On Eagle Materials

A number of large investors have recently bought and sold shares of EXP. Larson Financial Group LLC acquired a new stake in shares of Eagle Materials in the third quarter valued at about $25,000. Dark Forest Capital Management LP purchased a new stake in Eagle Materials during the 1st quarter worth approximately $26,000. Covestor Ltd raised its holdings in shares of Eagle Materials by 77.6% during the second quarter. Covestor Ltd now owns 151 shares of the construction company’s stock valued at $28,000 after acquiring an additional 66 shares during the last quarter. Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of Eagle Materials in the fourth quarter worth approximately $30,000. Finally, Garner Asset Management Corp purchased a new stake in shares of Eagle Materials during the fourth quarter worth approximately $30,000. Institutional investors and hedge funds own 92.57% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Stifel Nicolaus raised their price target on shares of Eagle Materials from $186.00 to $187.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. JPMorgan Chase & Co. upgraded Eagle Materials from an “underweight” rating to a “neutral” rating and set a $200.00 target price for the company in a report on Tuesday, December 12th. Raymond James raised their price target on shares of Eagle Materials from $170.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, January 29th. StockNews.com raised Eagle Materials from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Finally, Loop Capital upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and lifted their target price for the stock from $170.00 to $240.00 in a research note on Monday, January 8th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Eagle Materials has a consensus rating of “Moderate Buy” and a consensus price target of $222.00.

Read Our Latest Report on Eagle Materials

About Eagle Materials

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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; 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.

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