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

Key Points

• Eagle Materials SVP Tony Thompson sold 3,074 shares at an average price of $203.96, generating approximately $626,973. After the sale, he retained 10,142 shares, a 23.26% reduction in his position.
• The company’s latest quarterly results showed revenue of $650.97 million, exceeding estimates, but earnings per share of $3.29 fell short of the $3.37 consensus forecast. Revenue increased 2.6% year over year.
• Analysts maintain a generally cautious view, with a consensus “Hold” rating and an average price target of $223.67. Eagle Materials also declared a quarterly dividend of $0.25 per share, equivalent to a 0.5% annual yield.

Eagle Materials Inc (NYSE:EXP - Get Free Report) SVP Tony Thompson sold 3,074 shares of the stock in a transaction 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 completion of the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Eagle Materials Price Performance

Eagle Materials stock traded up $1.58 during midday trading on Wednesday, reaching $200.45. The company's stock had a trading volume of 291,986 shares, compared to its average volume of 458,658. The firm has a market capitalization of $6.15 billion, a PE ratio of 15.85 and a beta of 1.38. Eagle Materials Inc has a fifty-two week low of $171.99 and a fifty-two week high of $245.53. The stock's 50 day simple moving average is $213.07 and its 200 day simple moving average is $208.83. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.91 and a current ratio of 3.23.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share for the quarter, missing analysts' consensus estimates of $3.37 by ($0.08). Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%.The company had revenue of $650.97 million for the quarter, compared to analyst estimates of $620.35 million. During the same period last year, the company earned $3.76 earnings per share. The business's revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts forecast that Eagle Materials Inc will post 12.66 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Monday, September 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. Eagle Materials's dividend payout ratio (DPR) is 7.91%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. DA Davidson initiated coverage on shares of Eagle Materials in a research report on Monday. They set a "neutral" rating and a $220.00 price target for the company. Weiss Ratings restated a "hold (c)" rating on shares of Eagle Materials in a report on Tuesday, June 16th. Wall Street Zen raised Eagle Materials from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. Citigroup reduced their price objective on Eagle Materials from $240.00 to $232.00 and set a "neutral" rating for the company in a report on Monday, August 10th. Finally, Zacks Research downgraded Eagle Materials from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $223.67.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Clearstead Advisors LLC grew its holdings in Eagle Materials by 266.7% during the 4th quarter. Clearstead Advisors LLC now owns 132 shares of the construction company's stock valued at $27,000 after buying an additional 96 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Eagle Materials by 389.3% in the fourth quarter. IFP Advisors Inc now owns 137 shares of the construction company's stock worth $28,000 after acquiring an additional 109 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Eagle Materials in the fourth quarter worth $29,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Eagle Materials in the third quarter valued at $34,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Eagle Materials by 102.4% in the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company's stock valued at $35,000 after acquiring an additional 87 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Company Profile

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.

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