Eagle Materials (NYSE:EXP) SVP Tony Thompson Sells 3,074 Shares of Stock

Eagle Materials Inc (NYSE:EXP) SVP Tony Thompson sold 3,074 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $203.96, for a total value of $626,973.04. Following the sale, the senior vice president owned 10,142 shares of the company’s stock, valued at $2,068,562.32. The trade was a 23.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Eagle Materials Stock Up 0.8%

NYSE EXP opened at $200.45 on Thursday. The business has a fifty day moving average price of $212.80 and a 200 day moving average price of $208.67. Eagle Materials Inc has a one year low of $171.99 and a one year high of $245.53. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.91 and a current ratio of 3.23. The company has a market cap of $6.15 billion, a P/E ratio of 15.85 and a beta of 1.38.

Eagle Materials (NYSE:EXP) last announced its earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.37 by ($0.08). Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%.The business had revenue of $650.97 million for the quarter, compared to analyst estimates of $620.35 million. During the same period last year, the firm earned $3.76 EPS. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. Research analysts anticipate that Eagle Materials Inc will post 12.66 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Monday, September 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 14th. Eagle Materials’s dividend payout ratio (DPR) is currently 7.91%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on EXP shares. DA Davidson assumed coverage on shares of Eagle Materials in a research note on Monday. They issued a “neutral” rating and a $220.00 target price on the stock. Citigroup dropped their price target on Eagle Materials from $240.00 to $232.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Zacks Research lowered Eagle Materials from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $200.00 price target on shares of Eagle Materials in a report on Wednesday, May 20th. Finally, Wells Fargo & Company reduced their price objective on Eagle Materials from $240.00 to $231.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $223.67.

Institutional Investors Weigh In On Eagle Materials

Several hedge funds and other institutional investors have recently bought and sold shares of EXP. California State Teachers Retirement System increased its holdings in shares of Eagle Materials by 21,446.1% during the 2nd quarter. California State Teachers Retirement System now owns 8,172,000 shares of the construction company’s stock worth $1,838,700,000 after buying an additional 8,134,072 shares during the last quarter. BlackRock Inc. acquired a new position in Eagle Materials in the second quarter valued at approximately $688,486,000. W1M Asset Management Ltd acquired a new position in Eagle Materials in the second quarter valued at approximately $155,199,000. William Blair Investment Management LLC acquired a new position in Eagle Materials in the second quarter valued at approximately $129,760,000. Finally, Black Creek Investment Management Inc. purchased a new position in Eagle Materials in the fourth quarter worth approximately $103,778,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.

About Eagle Materials

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.