Eagle Materials Inc. (NYSE:EXP) Director F William Barnett sold 17,033 shares of Eagle Materials stock in a transaction that occurred on Monday, June 7th. The shares were sold at an average price of $147.90, for a total transaction of $2,519,180.70. Following the transaction, the director now directly owns 13,843 shares in the company, valued at $2,047,379.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NYSE:EXP traded down $0.14 during midday trading on Wednesday, reaching $152.45. The company had a trading volume of 376,951 shares, compared to its average volume of 385,194. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.91 and a quick ratio of 2.52. The company's fifty day simple moving average is $143.77. The stock has a market cap of $6.46 billion, a PE ratio of 18.77 and a beta of 1.24. Eagle Materials Inc. has a one year low of $63.40 and a one year high of $153.62.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, May 18th. The construction company reported $1.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.32. The business had revenue of $343.30 million during the quarter, compared to analyst estimates of $332.37 million. Eagle Materials had a net margin of 20.91% and a return on equity of 24.40%. The business's revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 earnings per share. As a group, equities analysts anticipate that Eagle Materials Inc. will post 8.5 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 16th. Shareholders of record on Friday, June 18th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, June 17th. This is an increase from Eagle Materials's previous quarterly dividend of $0.10.
A number of institutional investors have recently added to or reduced their stakes in EXP. First Trust Advisors LP boosted its holdings in Eagle Materials by 8.6% in the first quarter. First Trust Advisors LP now owns 57,097 shares of the construction company's stock worth $4,813,000 after purchasing an additional 4,501 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in Eagle Materials by 4,574.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 72,872 shares of the construction company's stock worth $6,143,000 after purchasing an additional 71,313 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Eagle Materials by 14.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,640 shares of the construction company's stock worth $470,000 after purchasing an additional 570 shares during the period. California Public Employees Retirement System boosted its holdings in Eagle Materials by 10.1% in the fourth quarter. California Public Employees Retirement System now owns 104,345 shares of the construction company's stock worth $10,575,000 after purchasing an additional 9,574 shares during the period. Finally, Dynamic Advisor Solutions LLC boosted its holdings in Eagle Materials by 2.2% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 10,918 shares of the construction company's stock worth $1,107,000 after purchasing an additional 238 shares during the period. 94.25% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on EXP shares. Zacks Investment Research raised shares of Eagle Materials from a "hold" rating to a "buy" rating and set a $156.00 price target on the stock in a research report on Thursday, May 20th. Raymond James lifted their price objective on shares of Eagle Materials from $130.00 to $165.00 and gave the company an "outperform" rating in a research note on Monday, May 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Eagle Materials from $130.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday, May 26th. Truist lifted their price objective on shares of Eagle Materials from $135.00 to $160.00 in a research note on Wednesday, March 31st. Finally, Jefferies Financial Group upgraded shares of Eagle Materials from a "hold" rating to a "buy" rating and lifted their price objective for the company from $145.00 to $170.00 in a research note on Monday, May 10th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Eagle Materials presently has an average rating of "Buy" and a consensus target price of $147.33.
Eagle Materials Company Profile
Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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