Insider Selling: Eagle Materials Inc. (NYSE:EXP) EVP Sells 4,749 Shares of Stock

Eagle Materials Inc. (NYSE:EXP – Get Rating) EVP Eric Cribbs sold 4,749 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $165.01, for a total transaction of $783,632.49. Following the transaction, the executive vice president now directly owns 16,354 shares in the company, valued at approximately $2,698,573.54. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Eagle Materials Stock Down 0.2 %

Shares of EXP stock traded down $0.38 during trading hours on Friday, reaching $166.18. 236,730 shares of the stock were exchanged, compared to its average volume of 287,050. The business’s fifty day moving average is $149.05 and its two-hundred day moving average is $141.91. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.45 and a quick ratio of 1.08. Eagle Materials Inc. has a 12-month low of $101.98 and a 12-month high of $169.19. The firm has a market capitalization of $5.88 billion, a P/E ratio of 13.37 and a beta of 1.31.

Eagle Materials (NYSE:EXP – Get Rating) last released its earnings results on Thursday, May 18th. The construction company reported $2.79 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.44. The firm had revenue of $470.10 million for the quarter, compared to analyst estimates of $452.11 million. Eagle Materials had a net margin of 21.49% and a return on equity of 40.09%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.90 earnings per share. As a group, research analysts expect that Eagle Materials Inc. will post 13.04 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Thursday, June 15th. Eagle Materials’s payout ratio is currently 8.03%.

Institutional Investors Weigh In On Eagle Materials

Hedge funds have recently modified their holdings of the stock. Toroso Investments LLC acquired a new stake in Eagle Materials in the first quarter valued at $548,000. Putnam Investments LLC lifted its holdings in Eagle Materials by 24.5% in the first quarter. Putnam Investments LLC now owns 69,572 shares of the construction company’s stock valued at $10,210,000 after acquiring an additional 13,669 shares during the period. American Trust lifted its holdings in Eagle Materials by 19.7% in the first quarter. American Trust now owns 2,822 shares of the construction company’s stock valued at $414,000 after acquiring an additional 465 shares during the period. JPMorgan Chase & Co. lifted its holdings in Eagle Materials by 19.6% in the first quarter. JPMorgan Chase & Co. now owns 124,320 shares of the construction company’s stock valued at $18,244,000 after acquiring an additional 20,371 shares during the period. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Eagle Materials in the first quarter valued at $259,000. 93.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. StockNews.com assumed coverage on shares of Eagle Materials in a research report on Thursday, May 18th. They issued a “buy” rating on the stock. Citigroup upped their target price on shares of Eagle Materials from $165.00 to $190.00 in a research report on Friday. Loop Capital upped their target price on shares of Eagle Materials from $160.00 to $181.00 in a research report on Monday. DA Davidson upped their target price on shares of Eagle Materials from $140.00 to $175.00 in a research report on Monday. Finally, Truist Financial increased their price target on shares of Eagle Materials from $155.00 to $195.00 in a research report on Friday, May 19th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $171.50.

Eagle Materials Company Profile

(Get Rating)

Eagle Materials, Inc engages in the provision of heavy construction materials and light building materials. It operates through the following segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The Cement segment deals with the manufacture, production, distribution, and sale of Portland cement.