Eric Cribbs Sells 1,851 Shares of Eagle Materials Inc. (NYSE:EXP) Stock

Eagle Materials Inc. (NYSE:EXP) insider Eric Cribbs sold 1,851 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $277.06, for a total transaction of $512,838.06. Following the sale, the insider now directly owns 13,937 shares in the company, valued at $3,861,385.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Eagle Materials Price Performance

Shares of NYSE:EXP traded down $8.17 during trading on Friday, reaching $253.59. 495,057 shares of the company’s stock traded hands, compared to its average volume of 322,288. The company has a quick ratio of 1.06, a current ratio of 2.45 and a debt-to-equity ratio of 0.81. Eagle Materials Inc. has a fifty-two week low of $145.03 and a fifty-two week high of $279.69. The company has a 50-day simple moving average of $229.00 and a 200-day simple moving average of $241.57. The firm has a market cap of $8.53 billion, a PE ratio of 18.37 and a beta of 1.32.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.57 by $0.37. The business had revenue of $608.69 million during the quarter, compared to analysts’ expectations of $622.06 million. Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.55 earnings per share. As a group, analysts predict that Eagle Materials Inc. will post 15.58 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, June 17th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Monday, June 17th. Eagle Materials’s payout ratio is 7.34%.

Institutional Trading of Eagle Materials

Several institutional investors have recently modified their holdings of the stock. TD Asset Management Inc increased its position in shares of Eagle Materials by 261.8% during the fourth quarter. TD Asset Management Inc now owns 871,970 shares of the construction company’s stock worth $176,870,000 after purchasing an additional 630,964 shares in the last quarter. Norges Bank purchased a new stake in shares of Eagle Materials during the fourth quarter worth $88,925,000. Epoch Investment Partners Inc. raised its position in shares of Eagle Materials by 133.0% in the fourth quarter. Epoch Investment Partners Inc. now owns 662,628 shares of the construction company’s stock valued at $134,407,000 after buying an additional 378,296 shares during the last quarter. Baupost Group LLC MA purchased a new position in Eagle Materials in the 1st quarter worth approximately $71,199,000. Finally, Captrust Financial Advisors boosted its stake in Eagle Materials by 61.6% during the first quarter. Captrust Financial Advisors now owns 509,605 shares of the construction company’s stock worth $138,485,000 after buying an additional 194,342 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on EXP shares. Raymond James lowered Eagle Materials from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th. StockNews.com lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Stephens increased their price objective on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday. Citigroup boosted their target price on shares of Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research report on Thursday. Finally, The Goldman Sachs Group increased their price target on Eagle Materials from $238.00 to $273.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $289.78.

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.