Michael Haack Sells 11,888 Shares of Eagle Materials Inc. (NYSE:EXP) Stock

Eagle Materials Inc. (NYSE:EXP) CEO Michael Haack sold 11,888 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the completion of the transaction, the chief executive officer now directly owns 85,811 shares in the company, valued at $26,644,315.50. The trade was a 12.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Eagle Materials Stock Performance

EXP traded up $3.19 on Monday, hitting $317.54. The company’s stock had a trading volume of 320,444 shares, compared to its average volume of 303,859. The firm has a market cap of $10.65 billion, a P/E ratio of 22.63 and a beta of 1.32. The company’s 50 day simple moving average is $293.76 and its 200-day simple moving average is $258.69. Eagle Materials Inc. has a 12 month low of $177.67 and a 12 month high of $321.93. 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 (NYSE:EXP) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.44). The company had revenue of $623.62 million for the quarter, compared to the consensus estimate of $651.46 million. Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.28 earnings per share. Analysts forecast that Eagle Materials Inc. will post 15.24 EPS for the current year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.31%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup raised their price target on shares of Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Jefferies Financial Group raised their price target on shares of Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their price target on shares of Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Truist Financial raised their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group lifted their target price on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Eagle Materials presently has an average rating of “Moderate Buy” and a consensus price target of $304.89.

Hedge Funds Weigh In On Eagle Materials

Several institutional investors have recently modified their holdings of EXP. Tidal Investments LLC boosted its holdings in Eagle Materials by 12.7% during the 3rd quarter. Tidal Investments LLC now owns 3,123 shares of the construction company’s stock valued at $898,000 after acquiring an additional 353 shares during the period. World Investment Advisors LLC purchased a new stake in Eagle Materials during the 3rd quarter valued at about $34,846,000. Sanctuary Advisors LLC boosted its holdings in Eagle Materials by 20.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,883 shares of the construction company’s stock valued at $906,000 after acquiring an additional 480 shares during the period. Coldstream Capital Management Inc. boosted its holdings in Eagle Materials by 1.4% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,981 shares of the construction company’s stock valued at $858,000 after acquiring an additional 41 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Eagle Materials by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 707,607 shares of the construction company’s stock valued at $203,585,000 after acquiring an additional 23,911 shares during the period. 96.07% of the stock is currently owned by institutional investors.

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.