Eagle Materials Inc. (NYSE:EXP – Get Rating) SVP William R. Devlin sold 4,914 shares of the company’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $168.30, for a total value of $827,026.20. Following the sale, the senior vice president now directly owns 26,269 shares in the company, valued at approximately $4,421,072.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Eagle Materials Stock Performance
Shares of EXP stock opened at $166.75 on Wednesday. The company has a current ratio of 2.45, a quick ratio of 1.08 and a debt-to-equity ratio of 0.97. The firm has a fifty day moving average price of $147.77 and a 200 day moving average price of $141.57. The company has a market cap of $6.01 billion, a P/E ratio of 13.38 and a beta of 1.31. Eagle Materials Inc. has a 12 month low of $101.98 and a 12 month high of $169.19.
Eagle Materials (NYSE:EXP – Get Rating) last issued its earnings results on Thursday, May 18th. The construction company reported $2.79 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.44. Eagle Materials had a net margin of 21.49% and a return on equity of 40.09%. The firm had revenue of $470.10 million during the quarter, compared to the consensus estimate of $452.11 million. During the same quarter in the previous year, the firm posted $1.90 earnings per share. The company’s revenue was up 13.8% compared to the same quarter last year. Sell-side analysts predict that Eagle Materials Inc. will post 12.73 earnings per share for the current fiscal year.
Eagle Materials Announces Dividend
Hedge Funds Weigh In On Eagle Materials
Large investors have recently bought and sold shares of the stock. Brinker Capital Investments LLC boosted its stake in Eagle Materials by 5.3% in the fourth quarter. Brinker Capital Investments LLC now owns 15,585 shares of the construction company’s stock valued at $2,070,000 after acquiring an additional 788 shares in the last quarter. Reinhart Partners Inc. boosted its stake in Eagle Materials by 3.7% in the fourth quarter. Reinhart Partners Inc. now owns 128,054 shares of the construction company’s stock valued at $17,012,000 after acquiring an additional 4,510 shares in the last quarter. First Trust Advisors LP boosted its stake in Eagle Materials by 3.7% in the fourth quarter. First Trust Advisors LP now owns 176,608 shares of the construction company’s stock valued at $23,462,000 after acquiring an additional 6,359 shares in the last quarter. Brandywine Global Investment Management LLC boosted its stake in shares of Eagle Materials by 1.9% during the third quarter. Brandywine Global Investment Management LLC now owns 29,258 shares of the construction company’s stock worth $3,136,000 after buying an additional 540 shares during the period. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new stake in shares of Eagle Materials during the fourth quarter worth about $205,000. Institutional investors and hedge funds own 93.67% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have recently weighed in on EXP. Raymond James upped their price objective on Eagle Materials from $140.00 to $152.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 25th. Loop Capital upped their price objective on Eagle Materials from $160.00 to $181.00 in a research report on Monday. Stephens upped their price objective on Eagle Materials from $170.00 to $190.00 in a research report on Friday, May 19th. StockNews.com began coverage on Eagle Materials in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Finally, The Goldman Sachs Group upped their price objective on Eagle Materials from $130.00 to $149.00 and gave the stock a “buy” rating in a research report on Friday, January 27th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $168.75.
Eagle Materials Company Profile
Eagle Materials, Inc engages in the provision of heavy construction materials and light building materials. It operates through the following segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The Cement segment deals with the manufacture, production, distribution, and sale of Portland cement.
- Get a free copy of the StockNews.com research report on Eagle Materials (EXP)
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