Richard Ross Stewart Sells 3,577 Shares of Eagle Materials Inc. (NYSE:EXP) Stock

Eagle Materials Inc. (NYSE:EXP) Director Richard Ross Stewart sold 3,577 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total value of $1,074,173.10. Following the sale, the director now owns 1,100 shares in the company, valued at approximately $330,330. This trade represents a 76.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Eagle Materials Stock Performance

NYSE:EXP opened at $314.35 on Friday. The company has a market cap of $10.54 billion, a P/E ratio of 22.20 and a beta of 1.32. The firm’s 50 day moving average is $293.76 and its two-hundred day moving average is $258.75. Eagle Materials Inc. has a fifty-two week low of $177.65 and a fifty-two week high of $317.00. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74.

Eagle Materials (NYSE:EXP) last issued its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share 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 during the quarter, compared to analysts’ expectations of $651.46 million. During the same period last year, the business posted $4.28 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. Analysts expect that Eagle Materials Inc. will post 15.24 EPS for the current year.

Eagle Materials Announces Dividend

The company 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 $0.25 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.32%. Eagle Materials’s dividend payout ratio (DPR) is 7.06%.

Hedge Funds Weigh In On Eagle Materials

Several hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in Eagle Materials in the first quarter valued at approximately $42,000. O Shaughnessy Asset Management LLC raised its stake in shares of Eagle Materials by 14.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,580 shares of the construction company’s stock valued at $1,788,000 after acquiring an additional 809 shares during the period. Bessemer Group Inc. lifted its holdings in shares of Eagle Materials by 132.7% during the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after acquiring an additional 65 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Eagle Materials by 0.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 20,986 shares of the construction company’s stock worth $5,705,000 after purchasing an additional 170 shares during the period. Finally, EntryPoint Capital LLC boosted its position in Eagle Materials by 1,760.0% during the 1st quarter. EntryPoint Capital LLC now owns 186 shares of the construction company’s stock worth $51,000 after purchasing an additional 176 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXP has been the topic of a number of analyst reports. Jefferies Financial Group increased their price objective on Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Citigroup raised their price target on shares of Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. The Goldman Sachs Group boosted their price objective 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. Stephens raised their target price on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Truist Financial boosted their price target on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 4th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $303.78.

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.