Insider Selling: Eagle Materials (NYSE:EXP) SVP Sells $626,973.04 in Stock

Eagle Materials Inc (NYSE:EXP) SVP Tony Thompson sold 3,074 shares of the stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $203.96, for a total transaction of $626,973.04. Following the sale, the senior vice president owned 10,142 shares in the company, valued at approximately $2,068,562.32. The trade was a 23.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Eagle Materials Price Performance

Shares of EXP opened at $197.88 on Friday. Eagle Materials Inc has a twelve month low of $171.99 and a twelve month high of $245.53. The company has a market capitalization of $6.07 billion, a P/E ratio of 15.64 and a beta of 1.38. The firm has a 50 day moving average of $211.72 and a 200 day moving average of $208.40. The company has a quick ratio of 1.91, a current ratio of 3.23 and a debt-to-equity ratio of 1.17.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $3.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.37 by ($0.08). The business had revenue of $650.97 million during the quarter, compared to the consensus estimate of $620.35 million. Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $3.76 earnings per share. As a group, equities research analysts anticipate that Eagle Materials Inc will post 12.66 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Monday, September 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 14th. Eagle Materials’s dividend payout ratio is presently 7.91%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on EXP shares. Stephens boosted their target price on Eagle Materials from $225.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 price target on shares of Eagle Materials in a research note on Wednesday, May 20th. JPMorgan Chase & Co. raised shares of Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price objective for the company in a report on Tuesday, June 2nd. Royal Bank Of Canada increased their price objective on shares of Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 20th. Finally, Wall Street Zen upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $223.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EXP. Clearstead Advisors LLC grew its stake in shares of Eagle Materials by 266.7% during the 4th quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock valued at $27,000 after purchasing an additional 96 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Eagle Materials in the 4th quarter worth approximately $29,000. IFP Advisors Inc boosted its holdings in shares of Eagle Materials by 389.3% in the fourth quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock worth $28,000 after buying an additional 109 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in shares of Eagle Materials in the third quarter worth approximately $34,000. Finally, EverSource Wealth Advisors LLC grew its position in Eagle Materials by 102.4% during the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock valued at $35,000 after buying an additional 87 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.