Eagle Materials Inc. (NYSE:EXP) Director Acquires $79,781.60 in Stock

Eagle Materials Inc. (NYSE:EXP) Director Michael R. Nicolais purchased 310 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were acquired at an average cost of $257.36 per share, with a total value of $79,781.60. Following the completion of the purchase, the director now directly owns 3,655 shares in the company, 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 SEC, which is available at this hyperlink.

Eagle Materials Stock Up 0.8 %

Eagle Materials stock opened at $252.47 on Friday. Eagle Materials Inc. has a fifty-two week low of $211.44 and a fifty-two week high of $321.93. The company has a market cap of $8.40 billion, a PE ratio of 18.03 and a beta of 1.37. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. The business’s 50-day simple moving average is $254.52 and its two-hundred day simple moving average is $271.02.

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

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors 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 annualized dividend and a dividend yield of 0.40%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.14%.

Institutional Trading of Eagle Materials

Hedge funds have recently modified their holdings of the stock. Millennium Management LLC lifted its holdings in Eagle Materials by 1,433.5% in the second quarter. Millennium Management LLC now owns 15,320 shares of the construction company’s stock valued at $3,331,000 after acquiring an additional 14,321 shares during the period. Sanctuary Advisors LLC acquired a new stake in Eagle Materials during the second quarter valued at $523,000. CWM LLC increased its holdings in Eagle Materials by 11.4% in the third quarter. CWM LLC now owns 1,249 shares of the construction company’s stock valued at $359,000 after buying an additional 128 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Eagle Materials by 24.9% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,160 shares of the construction company’s stock worth $621,000 after acquiring an additional 431 shares in the last quarter. Finally, Creative Planning grew its position in shares of Eagle Materials by 3.7% during the 3rd quarter. Creative Planning now owns 10,327 shares of the construction company’s stock valued at $2,971,000 after acquiring an additional 368 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EXP. Stephens reissued an “overweight” rating and set a $310.00 target price on shares of Eagle Materials in a research note on Thursday, January 30th. JPMorgan Chase & Co. upped their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Citigroup downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating and decreased their price target for the company from $334.00 to $280.00 in a research note on Monday, January 6th. DA Davidson dropped their price objective on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. Finally, Jefferies Financial Group lowered Eagle Materials from a “buy” rating to a “hold” rating and decreased their target price for the company from $330.00 to $310.00 in a research report on Monday, December 16th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $296.80.

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.