Eagle Materials Inc. (NYSE:EXP) Director Sells $277,620.00 in Stock

Eagle Materials Inc. (NYSE:EXP) Director George John Damiris sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the completion of the sale, the director now directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Eagle Materials Trading Down 1.5 %

EXP stock opened at $287.67 on Friday. The business has a fifty day moving average of $251.73 and a 200-day moving average of $247.08. The company has a market cap of $9.74 billion, a P/E ratio of 21.12 and a beta of 1.32. Eagle Materials Inc. has a twelve month low of $145.03 and a twelve month high of $293.00. The company has a quick ratio of 1.17, a current ratio of 2.45 and a debt-to-equity ratio of 0.81.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, July 30th. The construction company reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.37. Eagle Materials had a net margin of 21.65% and a return on equity of 37.10%. The company had revenue of $608.69 million for the quarter, compared to the consensus estimate of $622.06 million. During the same period in the prior year, the company posted $3.55 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts expect that Eagle Materials Inc. will post 15.9 EPS for the current year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, September 17th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.35%. Eagle Materials’s payout ratio is presently 7.34%.

Institutional Trading of Eagle Materials

Institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC grew its stake in shares of Eagle Materials by 2.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 9,944 shares of the construction company’s stock worth $2,017,000 after purchasing an additional 278 shares during the period. Panagora Asset Management Inc. grew its position in shares of Eagle Materials by 149.1% during the 4th quarter. Panagora Asset Management Inc. now owns 3,161 shares of the construction company’s stock worth $641,000 after buying an additional 1,892 shares during the period. Norges Bank acquired a new stake in shares of Eagle Materials in the 4th quarter valued at approximately $88,925,000. Dynamic Technology Lab Private Ltd boosted its stake in Eagle Materials by 2.7% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 3,285 shares of the construction company’s stock worth $666,000 after acquiring an additional 85 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its holdings in Eagle Materials by 10.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,042 shares of the construction company’s stock valued at $617,000 after purchasing an additional 294 shares during the period. Institutional investors own 96.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on EXP. Raymond James lowered shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. StockNews.com lowered Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Citigroup lifted their price objective on Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Stephens increased 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. Finally, Jefferies Financial Group lifted their price target on Eagle Materials from $270.00 to $283.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $289.78.

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.