Key Points
- Eagle Materials SVP Tony Thompson sold 3,074 shares at an average price of $203.96, generating $626,973.04 and reducing his direct ownership by 23.26% to 10,142 shares.
- The company reported quarterly revenue of $650.97 million, above expectations, but earnings per share of $3.29 missed estimates by $0.08. Eagle Materials also declared a $0.25 quarterly dividend, equal to a 0.5% yield.
- Analysts maintain a consensus “Hold” rating, with one Buy and nine Hold ratings and an average price target of $223.67; institutional investors own 96.07% of the stock.
Eagle Materials Inc (NYSE:EXP - Get Free Report) SVP Tony Thompson sold 3,074 shares of the firm's stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $203.96, for a total value of $626,973.04. Following the sale, the senior vice president directly owned 10,142 shares of the company's stock, valued at $2,068,562.32. The trade was a 23.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Eagle Materials Trading Up 0.8%
NYSE EXP opened at $200.45 on Thursday. The firm's 50-day moving average is $212.80 and its two-hundred day moving average is $208.67. Eagle Materials Inc has a 12 month low of $171.99 and a 12 month high of $245.53. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.23 and a quick ratio of 1.91. The stock has a market capitalization of $6.15 billion, a P/E ratio of 15.85 and a beta of 1.38.
Eagle Materials (NYSE:EXP - Get Free Report) last announced its earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share for the quarter, missing the consensus estimate of $3.37 by ($0.08). Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%.The company had revenue of $650.97 million for the quarter, compared to analysts' expectations of $620.35 million. During the same period last year, the business earned $3.76 EPS. The company's quarterly revenue was up 2.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Eagle Materials Inc will post 12.66 earnings per share for the current year.
Eagle Materials Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Monday, September 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, September 14th. Eagle Materials's dividend payout ratio is currently 7.91%.
Institutional Investors Weigh In On Eagle Materials
Several large investors have recently bought and sold shares of the stock. Clearstead Advisors LLC boosted its stake in shares of Eagle Materials by 266.7% in the 4th quarter. Clearstead Advisors LLC now owns 132 shares of the construction company's stock valued at $27,000 after buying an additional 96 shares during the period. IFP Advisors Inc increased its stake in shares of Eagle Materials by 389.3% during 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 period. Los Angeles Capital Management LLC purchased a new stake in shares of Eagle Materials during the fourth quarter worth approximately $29,000. Measured Wealth Private Client Group LLC acquired a new stake in Eagle Materials in the third quarter valued at approximately $34,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Eagle Materials by 102.4% in the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company's stock valued at $35,000 after acquiring an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.
Analyst Upgrades and Downgrades
EXP has been the subject of several research reports. Royal Bank Of Canada lifted their target price on shares of Eagle Materials from $208.00 to $219.00 and gave the company a "sector perform" rating in a report on Wednesday, May 20th. Jefferies Financial Group restated a "hold" rating and set a $200.00 price target on shares of Eagle Materials in a research note on Wednesday, May 20th. Wall Street Zen upgraded Eagle Materials from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. Zacks Research cut Eagle Materials from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 27th. Finally, Citigroup cut their price objective on Eagle Materials from $240.00 to $232.00 and set a "neutral" rating on the stock in a report on Monday, August 10th. One analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $223.67.
View Our Latest Analysis on Eagle Materials
About Eagle Materials
(
Get Free Report)
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.
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