David Rush Buys 1,000 Shares of Eagle Materials (NYSE:EXP) Stock

Eagle Materials Inc (NYSE:EXP) Director David Rush purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were bought at an average cost of $208.08 per share, for a total transaction of $208,080.00. Following the acquisition, the director owned 4,173 shares of the company’s stock, valued at approximately $868,317.84. The trade was a 31.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Eagle Materials Stock Up 0.4%

EXP opened at $206.47 on Friday. Eagle Materials Inc has a 52 week low of $191.91 and a 52 week high of $321.93. The business has a 50 day moving average price of $229.85 and a two-hundred day moving average price of $222.56. The company has a quick ratio of 1.26, a current ratio of 2.73 and a debt-to-equity ratio of 0.87. The company has a market cap of $6.62 billion, a PE ratio of 15.20 and a beta of 1.31.

Eagle Materials (NYSE:EXP) last announced its earnings results on Thursday, October 30th. The construction company reported $4.23 earnings per share for the quarter, missing the consensus estimate of $4.35 by ($0.12). Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The company had revenue of $638.91 million during the quarter, compared to analysts’ expectations of $635.55 million. During the same quarter last year, the business posted $4.31 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, research analysts anticipate that Eagle Materials Inc will post 14.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EXP shares. Jefferies Financial Group restated a “hold” rating and set a $226.00 price objective on shares of Eagle Materials in a research report on Monday, November 3rd. DA Davidson dropped their price target on shares of Eagle Materials from $245.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Stifel Nicolaus set a $246.00 price objective on shares of Eagle Materials in a research report on Monday, October 27th. Wells Fargo & Company dropped their target price on Eagle Materials from $261.00 to $251.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Finally, Loop Capital increased their target price on Eagle Materials from $230.00 to $245.00 and gave the stock a “hold” rating in a research note on Wednesday, July 30th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Eagle Materials has a consensus rating of “Hold” and a consensus target price of $244.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of Eagle Materials by 18.8% during the 1st quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company’s stock valued at $475,068,000 after acquiring an additional 339,089 shares during the period. Baupost Group LLC MA increased its stake in Eagle Materials by 42.5% in the 1st quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company’s stock valued at $201,875,000 after purchasing an additional 271,410 shares in the last quarter. Frontier Capital Management Co. LLC raised its holdings in Eagle Materials by 36.0% during the second quarter. Frontier Capital Management Co. LLC now owns 830,284 shares of the construction company’s stock worth $167,809,000 after purchasing an additional 219,627 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Eagle Materials by 4.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 734,541 shares of the construction company’s stock worth $153,607,000 after purchasing an additional 28,559 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its position in Eagle Materials by 57.2% during the second quarter. William Blair Investment Management LLC now owns 611,745 shares of the construction company’s stock worth $123,640,000 after purchasing an additional 222,537 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.