Insider Selling: Eagle Materials Inc. (NYSE:EXP) CFO Sells $1,333,800.00 in Stock

Eagle Materials Inc. (NYSE:EXP) CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $266.76, for a total transaction of $1,333,800.00. Following the transaction, the chief financial officer now owns 60,488 shares in the company, valued at $16,135,778.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Eagle Materials Trading Down 3.1 %

Shares of EXP opened at $253.59 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.45 and a quick ratio of 1.06. Eagle Materials Inc. has a 1-year low of $145.03 and a 1-year high of $279.69. The stock has a market cap of $8.53 billion, a price-to-earnings ratio of 18.62 and a beta of 1.32. The firm has a 50 day simple moving average of $229.30 and a 200-day simple moving average of $242.52.

Eagle Materials (NYSE:EXP) last released its quarterly 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 return on equity of 37.10% and a net margin of 21.65%. The company had revenue of $608.69 million during the quarter, compared to the consensus estimate of $622.06 million. During the same quarter last year, the business posted $3.55 earnings per share. Eagle Materials’s revenue was up 1.2% compared to the same quarter last year. Equities analysts forecast that Eagle Materials Inc. will post 15.95 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on EXP. Raymond James cut Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Jefferies Financial Group upped their price objective on Eagle Materials from $270.00 to $283.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Loop Capital reduced their target price on Eagle Materials from $310.00 to $305.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Stephens increased their price target on shares of Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday. Finally, StockNews.com cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Eagle Materials presently has a consensus rating of “Moderate Buy” and an average price target of $289.78.

Institutional Investors Weigh In On Eagle Materials

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Eagle Bay Advisors LLC grew its stake in Eagle Materials by 79.2% in the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock worth $26,000 after acquiring an additional 42 shares during the period. YHB Investment Advisors Inc. acquired a new position in Eagle Materials in the first quarter valued at $27,000. Tompkins Financial Corp purchased a new position in Eagle Materials during the first quarter worth about $27,000. Rise Advisors LLC purchased a new stake in Eagle Materials in the 1st quarter valued at about $27,000. Finally, Global Wealth Management Investment Advisory Inc. acquired a new position in shares of Eagle Materials during the 4th quarter valued at about $30,000. 96.07% of the stock is currently owned by hedge funds and other 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.