Insider Selling: Eagle Materials Inc. (NYSE:EXP) Insider Sells $512,838.06 in Stock

Eagle Materials Inc. (NYSE:EXP) insider Eric Cribbs sold 1,851 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $277.06, for a total value of $512,838.06. Following the completion of the sale, the insider now directly owns 13,937 shares of the company’s stock, valued at $3,861,385.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Eagle Materials Stock Performance

NYSE:EXP opened at $253.59 on Monday. The firm’s fifty day simple moving average is $229.30 and its 200-day simple moving average is $242.52. The company has a quick ratio of 1.06, a current ratio of 2.45 and a debt-to-equity ratio of 0.81. The stock has a market cap of $8.53 billion, a PE ratio of 18.62 and a beta of 1.32. Eagle Materials Inc. has a fifty-two week low of $145.03 and a fifty-two week high of $279.69.

Eagle Materials (NYSE:EXP) last issued its earnings results on Tuesday, July 30th. The construction company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $3.57 by $0.37. Eagle Materials had a net margin of 21.65% and a return on equity of 37.10%. The company had revenue of $608.69 million for the quarter, compared to analyst estimates of $622.06 million. During the same period in the prior year, the business posted $3.55 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts expect that Eagle Materials Inc. will post 15.95 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, June 17th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Monday, June 17th. Eagle Materials’s dividend payout ratio is currently 7.34%.

Institutional Investors Weigh In On Eagle Materials

Large investors have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC lifted its holdings in shares of Eagle Materials by 79.2% in the first quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock valued at $26,000 after purchasing an additional 42 shares in the last quarter. YHB Investment Advisors Inc. purchased a new position in Eagle Materials during the first quarter worth $27,000. Tompkins Financial Corp acquired a new position in shares of Eagle Materials in the first quarter worth $27,000. Rise Advisors LLC purchased a new stake in shares of Eagle Materials in the first quarter valued at $27,000. Finally, Global Wealth Management Investment Advisory Inc. purchased a new stake in Eagle Materials during the 4th quarter worth about $30,000. 96.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on EXP. Citigroup increased their target price on shares of Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group lifted their target price on Eagle Materials from $270.00 to $283.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. StockNews.com lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Raymond James downgraded shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Loop Capital lowered their target price on shares of Eagle Materials from $310.00 to $305.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $289.78.

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.