Eagle Materials Inc. (NYSE:EXP) SVP Sells $439,914.00 in Stock

Eagle Materials Inc. (NYSE:EXP) SVP Tony Thompson sold 1,401 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value of $439,914.00. Following the sale, the senior vice president now directly owns 13,212 shares of the company’s stock, valued at $4,148,568. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Eagle Materials Price Performance

Eagle Materials stock traded down $0.89 during midday trading on Thursday, reaching $311.87. 238,532 shares of the stock traded hands, compared to its average volume of 307,486. The stock has a market cap of $10.46 billion, a P/E ratio of 21.77 and a beta of 1.32. The stock’s fifty day moving average is $280.35 and its 200-day moving average is $254.48. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. Eagle Materials Inc. has a 12 month low of $164.15 and a 12 month high of $315.86.

Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). The business had revenue of $623.62 million during the quarter, compared to analysts’ expectations of $651.46 million. Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the business posted $4.28 earnings per share. As a group, equities research analysts anticipate that Eagle Materials Inc. will post 15.24 EPS for the current year.

Institutional Trading of Eagle Materials

A number of large investors have recently made changes to their positions in the business. Baupost Group LLC MA purchased a new position in Eagle Materials in the first quarter worth about $71,199,000. Captrust Financial Advisors increased its position in shares of Eagle Materials by 61.6% during the 1st quarter. Captrust Financial Advisors now owns 509,605 shares of the construction company’s stock valued at $138,485,000 after purchasing an additional 194,342 shares during the last quarter. Jupiter Asset Management Ltd. raised its holdings in Eagle Materials by 3,537.5% during the 1st quarter. Jupiter Asset Management Ltd. now owns 172,779 shares of the construction company’s stock valued at $46,953,000 after buying an additional 168,029 shares during the period. Epoch Investment Partners Inc. lifted its position in Eagle Materials by 25.2% in the second quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company’s stock worth $175,111,000 after buying an additional 162,049 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in Eagle Materials by 33.4% during the second quarter. Federated Hermes Inc. now owns 529,701 shares of the construction company’s stock worth $115,189,000 after buying an additional 132,677 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EXP has been the subject of several analyst reports. 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 report on Thursday, August 1st. Stephens raised their price objective on shares of Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Raymond James cut shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. The Goldman Sachs Group increased their price target on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $303.78.

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.