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

Eagle Materials Inc (NYSE:EXP) SVP Tony Thompson sold 3,074 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $203.96, for a total value of $626,973.04. Following the transaction, the senior vice president owned 10,142 shares in the company, valued at $2,068,562.32. This trade represents a 23.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Eagle Materials Stock Performance

NYSE:EXP opened at $197.68 on Friday. The business has a 50 day moving average of $212.26 and a 200 day moving average of $208.47. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 15.63 and a beta of 1.38. Eagle Materials Inc has a 1-year low of $171.99 and a 1-year high of $245.53. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.23 and a quick ratio of 1.91.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.29 EPS for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). The business had revenue of $650.97 million for the quarter, compared to the consensus estimate of $620.35 million. Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.76 earnings per share. On average, sell-side analysts predict that Eagle Materials Inc will post 12.66 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EXP. JPMorgan Chase & Co. upgraded shares of Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price target for the company in a research report on Tuesday, June 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 price objective on shares of Eagle Materials in a report on Wednesday, May 20th. Stephens increased their target price on Eagle Materials from $225.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Zacks Research cut Eagle Materials from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $223.67.

Institutional Investors Weigh In On Eagle Materials

A number of large investors have recently added to or reduced their stakes in EXP. Clearstead Advisors LLC raised its stake in shares of Eagle Materials by 266.7% during the fourth quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock valued at $27,000 after acquiring an additional 96 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Eagle Materials in the fourth quarter worth about $29,000. IFP Advisors Inc increased its holdings in Eagle Materials by 389.3% during the 4th quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock valued at $28,000 after purchasing an additional 109 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in Eagle Materials during the 3rd quarter valued at about $34,000. Finally, EverSource Wealth Advisors LLC raised its position in Eagle Materials by 102.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock valued at $35,000 after purchasing an additional 87 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

About Eagle Materials

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.