Eagle Materials Inc. (NYSE:EXP) Short Interest Update

Eagle Materials Inc. (NYSE:EXP) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,060,000 shares, an increase of 6.7% from the March 15th total of 993,200 shares. Based on an average daily volume of 300,600 shares, the short-interest ratio is presently 3.5 days. Currently, 3.1% of the company’s shares are sold short.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, SVP Tony Thompson sold 638 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $235.07, for a total transaction of $149,974.66. Following the sale, the senior vice president now directly owns 14,393 shares in the company, valued at $3,383,362.51. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Matt Newby sold 2,940 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $251.15, for a total transaction of $738,381.00. Following the transaction, the executive vice president now owns 21,819 shares of the company’s stock, valued at $5,479,841.85. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Tony Thompson sold 638 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $235.07, for a total value of $149,974.66. Following the transaction, the senior vice president now directly owns 14,393 shares in the company, valued at approximately $3,383,362.51. The disclosure for this sale can be found here. Insiders have sold a total of 19,444 shares of company stock worth $4,414,889 over the last ninety days. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Eagle Materials

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rise Advisors LLC purchased a new stake in shares of Eagle Materials during the 1st quarter valued at $27,000. Tompkins Financial Corp purchased a new position in Eagle Materials in the 1st quarter worth $27,000. Global Wealth Management Investment Advisory Inc. purchased a new position in Eagle Materials in the 4th quarter worth $30,000. Larson Financial Group LLC purchased a new position in Eagle Materials in the 3rd quarter worth $25,000. Finally, Garner Asset Management Corp purchased a new position in Eagle Materials in the 4th quarter worth $30,000. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Down 1.7 %

Shares of NYSE EXP opened at $244.62 on Thursday. The company has a current ratio of 2.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $8.43 billion, a PE ratio of 17.26 and a beta of 1.34. The stock’s fifty day simple moving average is $255.16 and its two-hundred day simple moving average is $210.86. Eagle Materials has a 12-month low of $143.23 and a 12-month high of $272.72.

Eagle Materials (NYSE:EXP) last announced its earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.56 by $0.16. The business had revenue of $558.83 million for the quarter, compared to analysts’ expectations of $537.23 million. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. As a group, analysts expect that Eagle Materials will post 14.29 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.00 annualized dividend and a yield of 0.41%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Truist Financial upped their target price on Eagle Materials from $290.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. The Goldman Sachs Group upped their target price on Eagle Materials from $238.00 to $273.00 and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price objective on Eagle Materials from $200.00 to $265.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. Citigroup increased their price objective on Eagle Materials from $244.00 to $311.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Raymond James increased their price objective on Eagle Materials from $170.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Eagle Materials presently has an average rating of “Moderate Buy” and a consensus target price of $257.00.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures.