Eagle Materials Inc. (NYSE:EXP) Director Michael R. Nicolais Buys 310 Shares of Stock

Eagle Materials Inc. (NYSE:EXP) Director Michael R. Nicolais bought 310 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was bought at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the acquisition, the director now directly owns 3,655 shares of the company’s stock, valued at $940,650.80. The trade was a 9.27 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Eagle Materials Price Performance

NYSE EXP opened at $246.25 on Thursday. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. Eagle Materials Inc. has a 12 month low of $211.44 and a 12 month high of $321.93. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 17.59 and a beta of 1.37. The company’s 50 day moving average is $256.40 and its two-hundred day moving average is $271.14.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. As a group, research analysts anticipate that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. Eagle Materials’s dividend payout ratio is presently 7.14%.

Analyst Upgrades and Downgrades

EXP has been the topic of several research analyst reports. Truist Financial increased 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. Jefferies Financial Group cut Eagle Materials from a “buy” rating to a “hold” rating and dropped their target price for the stock from $330.00 to $310.00 in a research report on Monday, December 16th. Stephens reaffirmed an “overweight” rating and set a $310.00 price target on shares of Eagle Materials in a research report on Thursday, January 30th. DA Davidson dropped their price objective on shares of Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Finally, Loop Capital lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 target price for the company. in a research report on Monday, November 25th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $296.80.

Hedge Funds Weigh In On Eagle Materials

Large investors have recently made changes to their positions in the business. FMR LLC raised its stake in Eagle Materials by 30.1% during the 3rd quarter. FMR LLC now owns 3,801,257 shares of the construction company’s stock valued at $1,093,432,000 after purchasing an additional 878,400 shares during the period. JPMorgan Chase & Co. grew its holdings in Eagle Materials by 3.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,801,532 shares of the construction company’s stock valued at $444,546,000 after buying an additional 66,399 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Eagle Materials by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 722,995 shares of the construction company’s stock worth $178,450,000 after buying an additional 15,388 shares in the last quarter. Baupost Group LLC MA boosted its position in shares of Eagle Materials by 46.2% during the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock worth $143,904,000 after acquiring an additional 158,171 shares during the last quarter. Finally, Norges Bank purchased a new position in Eagle Materials during the fourth quarter valued at $93,672,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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.