Eagle Materials Inc. (NYSE:EXP) Director Sells $1,074,173.10 in Stock

Eagle Materials Inc. (NYSE:EXP) Director Richard Ross Stewart sold 3,577 shares of the business’s stock in a transaction dated 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 directly owns 1,100 shares of the company’s stock, valued at approximately $330,330. This trade represents a 76.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Eagle Materials Stock Performance

Shares of Eagle Materials stock opened at $314.35 on Monday. The company has a market capitalization of $10.54 billion, a PE ratio of 22.20 and a beta of 1.32. The company has a 50-day simple moving average of $293.76 and a two-hundred day simple moving average of $258.69. Eagle Materials Inc. has a one year low of $177.65 and a one year high of $317.00. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 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 the consensus estimate of $651.46 million. During the same quarter last year, the firm earned $4.28 EPS. The company’s revenue was up .2% compared to the same quarter last year. Research analysts expect 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. Stockholders of record on Monday, December 16th will be issued a dividend of $0.25 per share. The ex-dividend date 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 presently 7.06%.

Institutional Trading of Eagle Materials

A number of institutional investors have recently made changes to their positions in the business. Coldstream Capital Management Inc. boosted its holdings in Eagle Materials by 1.4% in the third quarter. Coldstream Capital Management Inc. now owns 2,981 shares of the construction company’s stock worth $858,000 after acquiring an additional 41 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Eagle Materials by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 707,607 shares of the construction company’s stock valued at $203,585,000 after purchasing an additional 23,911 shares during the last quarter. Vestcor Inc boosted its stake in Eagle Materials by 21.1% in the 3rd quarter. Vestcor Inc now owns 5,127 shares of the construction company’s stock worth $1,475,000 after purchasing an additional 893 shares in the last quarter. Barclays PLC boosted its stake in Eagle Materials by 78.1% in the 3rd quarter. Barclays PLC now owns 37,948 shares of the construction company’s stock worth $10,915,000 after purchasing an additional 16,645 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new stake in Eagle Materials during the 3rd quarter worth approximately $34,846,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

EXP has been the subject of several research analyst reports. 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 note on Thursday, August 1st. Stephens upped their target price on Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Truist Financial raised their price target on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. upped their price objective on shares of Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group raised their target price on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.