Insider Buying: Eagle Materials Inc. (NYSE:EXP) Director Buys 310 Shares of Stock

Eagle Materials Inc. (NYSE:EXP) Director Michael R. Nicolais acquired 310 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the transaction, the director now directly owns 3,655 shares of the company’s stock, valued at $940,650.80. This represents a 9.27 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Eagle Materials Trading Down 3.4 %

Shares of NYSE EXP traded down $8.75 during trading hours on Wednesday, hitting $246.25. The company’s stock had a trading volume of 585,443 shares, compared to its average volume of 318,684. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 17.59 and a beta of 1.37. Eagle Materials Inc. has a 12 month low of $211.44 and a 12 month high of $321.93. The business has a 50-day simple moving average of $257.51 and a 200-day simple moving average of $271.31.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 earnings per share for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. On average, analysts anticipate that Eagle Materials Inc. will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 annualized dividend and a yield of 0.41%. Eagle Materials’s payout ratio is 7.14%.

Institutional Trading of Eagle Materials

Several large investors have recently bought and sold shares of the company. Private Trust Co. NA lifted its holdings in shares of Eagle Materials by 53.0% during the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock valued at $51,000 after purchasing an additional 71 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Eagle Materials in the 3rd quarter worth approximately $64,000. Huntington National Bank raised its holdings in Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company’s stock worth $58,000 after acquiring an additional 144 shares during the last quarter. R Squared Ltd purchased a new position in Eagle Materials in the 4th quarter worth approximately $81,000. Finally, Smartleaf Asset Management LLC raised its holdings in Eagle Materials by 10.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company’s stock worth $140,000 after acquiring an additional 56 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EXP shares. Stephens reiterated an “overweight” rating and issued a $310.00 price objective on shares of Eagle Materials in a research report on Thursday, January 30th. Jefferies Financial Group downgraded Eagle Materials from a “buy” rating to a “hold” rating and lowered their price target for the company from $330.00 to $310.00 in a research report on Monday, December 16th. Citigroup downgraded Eagle Materials from a “buy” rating to a “neutral” rating and lowered their price target for the company from $334.00 to $280.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Finally, Truist Financial lifted their price objective on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $296.80.

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.