Michael R. Nicolais Buys 310 Shares of Eagle Materials Inc. (NYSE:EXP) Stock

Eagle Materials Inc. (NYSE:EXP) Director Michael R. Nicolais purchased 310 shares of the business’s stock in a transaction on Monday, February 10th. The shares were purchased at an average price of $257.36 per share, with a total value of $79,781.60. Following the completion of the purchase, the director now owns 3,655 shares in the company, valued at approximately $940,650.80. This trade represents a 9.27 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Eagle Materials Price Performance

Shares of NYSE EXP opened at $250.44 on Friday. The stock’s 50-day moving average is $255.41 and its two-hundred day moving average is $270.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. Eagle Materials Inc. has a 1-year low of $211.44 and a 1-year high of $321.93. The company has a market cap of $8.34 billion, a price-to-earnings ratio of 17.89 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.38). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. Analysts forecast that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials’s dividend payout ratio (DPR) is 7.14%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Citigroup cut Eagle Materials from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $334.00 to $280.00 in a report on Monday, January 6th. Loop Capital cut Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a report on Monday, November 25th. Truist Financial upped their price objective on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Jefferies Financial Group cut Eagle Materials from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $330.00 to $310.00 in a report on Monday, December 16th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $296.80.

Hedge Funds Weigh In On Eagle Materials

Several hedge funds have recently bought and sold shares of EXP. FMR LLC boosted its holdings in shares of Eagle Materials by 30.1% during the third quarter. FMR LLC now owns 3,801,257 shares of the construction company’s stock worth $1,093,432,000 after purchasing an additional 878,400 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Eagle Materials by 3.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,801,532 shares of the construction company’s stock valued at $444,546,000 after acquiring an additional 66,399 shares during the period. Geode Capital Management LLC boosted its stake in Eagle Materials by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 722,995 shares of the construction company’s stock valued at $178,450,000 after acquiring an additional 15,388 shares during the period. Baupost Group LLC MA boosted its stake in Eagle Materials by 27.6% in the fourth quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company’s stock valued at $157,488,000 after acquiring an additional 137,950 shares during the period. Finally, Federated Hermes Inc. boosted its position in shares of Eagle Materials by 10.3% during the fourth quarter. Federated Hermes Inc. now owns 594,899 shares of the construction company’s stock worth $146,797,000 after buying an additional 55,578 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

About Eagle Materials

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.