Eagle Materials Inc. (NYSE:EXP) CEO Michael Haack Sells 11,888 Shares

Eagle Materials Inc. (NYSE:EXP) CEO Michael Haack sold 11,888 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the completion of the sale, the chief executive officer now owns 85,811 shares in the company, valued at approximately $26,644,315.50. The trade was a 12.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Eagle Materials Price Performance

EXP stock opened at $315.50 on Tuesday. 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 12 month low of $177.67 and a 12 month high of $321.93. The stock has a market cap of $10.58 billion, a PE ratio of 22.28 and a beta of 1.32. The company has a 50-day moving average price of $294.49 and a 200 day moving average price of $259.03.

Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.44). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The business had revenue of $623.62 million for the quarter, compared to analysts’ expectations of $651.46 million. During the same quarter last year, the firm earned $4.28 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. Equities research analysts anticipate that Eagle Materials Inc. will post 15.24 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 16th will be paid 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 yield of 0.32%. Eagle Materials’s payout ratio is 7.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on EXP shares. Stephens increased their price target on Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Truist Financial increased their target price on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. The Goldman Sachs Group boosted their price target on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their price objective on shares of Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Eagle Materials has an average rating of “Moderate Buy” and a consensus price target of $304.89.

Institutional Trading of Eagle Materials

A number of large investors have recently made changes to their positions in the stock. Tidal Investments LLC increased its stake in Eagle Materials by 12.7% in the 3rd quarter. Tidal Investments LLC now owns 3,123 shares of the construction company’s stock worth $898,000 after buying an additional 353 shares during the period. World Investment Advisors LLC purchased a new position in shares of Eagle Materials during the third quarter worth approximately $34,846,000. Sanctuary Advisors LLC raised its stake in shares of Eagle Materials by 20.0% during the third quarter. Sanctuary Advisors LLC now owns 2,883 shares of the construction company’s stock valued at $906,000 after acquiring an additional 480 shares in the last quarter. Coldstream Capital Management Inc. boosted its holdings in shares of Eagle Materials by 1.4% in the third quarter. Coldstream Capital Management Inc. now owns 2,981 shares of the construction company’s stock valued at $858,000 after purchasing an additional 41 shares during the period. Finally, Geode Capital Management LLC grew its stake in Eagle Materials by 3.5% in the third quarter. Geode Capital Management LLC now owns 707,607 shares of the construction company’s stock worth $203,585,000 after purchasing an additional 23,911 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

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.