Insider Selling: Eagle Materials Inc. (NYSE:EXP) EVP Sells 9,092 Shares of Stock

Eagle Materials Inc. (NYSE:EXPGet Rating) EVP James H. Graass sold 9,092 shares of Eagle Materials stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $125.02, for a total value of $1,136,681.84. Following the transaction, the executive vice president now owns 20,090 shares of the company’s stock, valued at $2,511,651.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of EXP traded down $0.55 during mid-day trading on Tuesday, reaching $124.96. The company had a trading volume of 416,116 shares, compared to its average volume of 388,966. Eagle Materials Inc. has a fifty-two week low of $114.55 and a fifty-two week high of $169.15. The firm has a fifty day simple moving average of $126.00 and a 200-day simple moving average of $142.82. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 13.67 and a beta of 1.24. The company has a current ratio of 2.13, a quick ratio of 1.05 and a debt-to-equity ratio of 0.89.

Eagle Materials (NYSE:EXPGet Rating) last issued its earnings results on Thursday, May 19th. The construction company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.17. The firm had revenue of $413.10 million for the quarter, compared to analysts’ expectations of $400.68 million. Eagle Materials had a return on equity of 30.51% and a net margin of 20.10%. The firm’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.56 earnings per share. As a group, equities analysts predict that Eagle Materials Inc. will post 10.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 16th 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 0.80%. The ex-dividend date of this dividend is Wednesday, June 15th. Eagle Materials’s payout ratio is currently 10.94%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP grew its stake in Eagle Materials by 8.6% during the first quarter. First Trust Advisors LP now owns 57,097 shares of the construction company’s stock worth $4,813,000 after buying an additional 4,501 shares during the period. Amundi Pioneer Asset Management Inc. boosted its position in Eagle Materials by 4,574.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 72,872 shares of the construction company’s stock worth $6,143,000 after purchasing an additional 71,313 shares during the period. Morgan Stanley increased its holdings in Eagle Materials by 154.0% in the 2nd quarter. Morgan Stanley now owns 183,038 shares of the construction company’s stock valued at $26,012,000 after purchasing an additional 110,972 shares in the last quarter. Advisor Group Holdings Inc. raised its position in Eagle Materials by 16.4% in the third quarter. Advisor Group Holdings Inc. now owns 6,127 shares of the construction company’s stock valued at $806,000 after purchasing an additional 865 shares during the period. Finally, CIBC Asset Management Inc lifted its stake in shares of Eagle Materials by 9.7% during the third quarter. CIBC Asset Management Inc now owns 1,720 shares of the construction company’s stock worth $226,000 after purchasing an additional 152 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the company. Loop Capital cut their price target on Eagle Materials from $170.00 to $155.00 in a report on Friday, January 28th. Citigroup reduced their target price on shares of Eagle Materials from $194.00 to $175.00 in a report on Friday, January 28th. Zacks Investment Research upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Monday. DA Davidson reduced their price objective on shares of Eagle Materials from $160.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, StockNews.com raised shares of Eagle Materials from a “hold” rating to a “buy” rating in a research note on Monday. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $165.42.

Eagle Materials Company Profile (Get Rating)

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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