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 the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the transaction, the director now directly owns 1,100 shares in the company, valued at approximately $330,330. The trade was a 76.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Eagle Materials Price Performance

Shares of EXP traded up $5.24 during mid-day trading on Friday, reaching $314.35. The stock had a trading volume of 241,919 shares, compared to its average volume of 303,767. Eagle Materials Inc. has a 12 month low of $177.65 and a 12 month high of $317.00. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 21.87 and a beta of 1.32. The business has a fifty day moving average of $292.88 and a 200 day moving average of $258.49. 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 issued 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 net margin of 21.32% and a return on equity of 35.79%. The business had revenue of $623.62 million for the quarter, compared to analysts’ expectations of $651.46 million. During the same quarter in the prior year, the company posted $4.28 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts predict that Eagle Materials Inc. will post 15.24 EPS for the current year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.32%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on EXP shares. 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. The Goldman Sachs Group lifted their target price on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial raised their price target 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. JPMorgan Chase & Co. raised their price objective on Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Finally, Jefferies Financial Group raised their price objective on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $303.78.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EXP. Bessemer Group Inc. grew its stake in shares of Eagle Materials by 132.7% in the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock worth $31,000 after acquiring an additional 65 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Eagle Materials in the first quarter valued at $42,000. McClarren Financial Advisors Inc. increased its stake in shares of Eagle Materials by 10,750.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock valued at $47,000 after acquiring an additional 215 shares during the last quarter. EntryPoint Capital LLC grew its holdings in Eagle Materials by 1,760.0% in the first quarter. EntryPoint Capital LLC now owns 186 shares of the construction company’s stock valued at $51,000 after purchasing an additional 176 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in Eagle Materials during the third quarter worth approximately $64,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.