Eagle Materials Inc. (NYSE:EXP) SVP William R. Devlin Sells 4,914 Shares

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, June 15th. This represents a $1.00 annualized dividend and a yield of 0.60%. Eagle Materials’s dividend payout ratio is presently 8.03%.

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

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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.