Eagle Materials Inc. (NYSE:EXP) CEO Sells $3,691,224.00 in Stock

Eagle Materials Inc. (NYSE:EXP) CEO Michael Haack sold 11,888 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the transaction, the chief executive officer now directly owns 85,811 shares in the company, valued at approximately $26,644,315.50. The trade was a 12.17 % decrease 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 Trading Down 1.3 %

Shares of EXP stock opened at $305.93 on Thursday. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. Eagle Materials Inc. has a twelve month low of $177.67 and a twelve month high of $321.93. The company’s 50-day moving average price is $295.08 and its 200-day moving average price is $259.32. The stock has a market cap of $10.26 billion, a price-to-earnings ratio of 21.61 and a beta of 1.32.

Eagle Materials (NYSE:EXP) last posted 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). The firm had revenue of $623.62 million during the quarter, compared to analyst estimates of $651.46 million. Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.28 earnings per share. As a group, equities analysts predict that Eagle Materials Inc. will post 15.24 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 0.33%. Eagle Materials’s payout ratio is 7.06%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Stephens lifted their price objective on Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Citigroup lifted their price target on Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Loop Capital downgraded Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a research note on Monday. Jefferies Financial Group lifted their target price on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Truist Financial increased their target price on shares of Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $307.11.

Institutional Investors Weigh In On Eagle Materials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. grew 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 worth $31,000 after purchasing an additional 65 shares during the period. Acadian Asset Management LLC purchased a new position in Eagle Materials during the first quarter worth about $42,000. McClarren Financial Advisors Inc. increased its position in shares of Eagle Materials by 10,750.0% during the second quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock valued at $47,000 after acquiring an additional 215 shares during the last quarter. EntryPoint Capital LLC raised its stake in shares of Eagle Materials by 1,760.0% in the 1st quarter. EntryPoint Capital LLC now owns 186 shares of the construction company’s stock valued at $51,000 after acquiring an additional 176 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in shares of Eagle Materials in the 3rd quarter worth approximately $64,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.