Simplicity Solutions LLC Sells 83 Shares of Eagle Materials Inc. (NYSE:EXP)

Simplicity Solutions LLC decreased its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,573 shares of the construction company’s stock after selling 83 shares during the period. Simplicity Solutions LLC’s holdings in Eagle Materials were worth $725,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EXP. Larson Financial Group LLC acquired a new position in Eagle Materials during the 3rd quarter worth approximately $25,000. Dark Forest Capital Management LP acquired a new position in Eagle Materials during the 1st quarter worth approximately $26,000. BluePath Capital Management LLC acquired a new position in Eagle Materials during the 3rd quarter worth approximately $31,000. Point72 Middle East FZE acquired a new position in Eagle Materials during the 4th quarter worth approximately $31,000. Finally, Private Trust Co. NA raised its stake in Eagle Materials by 277.4% during the 3rd quarter. Private Trust Co. NA now owns 200 shares of the construction company’s stock worth $33,000 after buying an additional 147 shares during the period. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Performance

Shares of Eagle Materials stock opened at $244.62 on Thursday. The business’s fifty day simple moving average is $255.16 and its 200 day simple moving average is $210.86. The firm has a market capitalization of $8.43 billion, a P/E ratio of 17.26 and a beta of 1.34. Eagle Materials Inc. has a 12 month low of $143.23 and a 12 month high of $272.72. The company has a current ratio of 2.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, January 25th. The construction company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.56 by $0.16. The business had revenue of $558.83 million for the quarter, compared to analyst estimates 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 anticipate that Eagle Materials Inc. will post 14.29 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. Eagle Materials’s dividend payout ratio (DPR) is currently 7.06%.

Insider Buying and Selling

In related news, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction on Friday, January 26th. The stock was sold at an average price of $215.60, for a total transaction of $1,078,000.00. Following the sale, the chief financial officer now directly owns 62,610 shares in the company, valued at $13,498,716. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $215.60, for a total value of $1,078,000.00. Following the completion of the sale, the chief financial officer now directly owns 62,610 shares of the company’s stock, valued at $13,498,716. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Matt Newby sold 2,940 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $251.15, for a total value of $738,381.00. Following the completion of the sale, the executive vice president now directly owns 21,819 shares of the company’s stock, valued at $5,479,841.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,444 shares of company stock worth $4,414,889. 1.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EXP shares. Raymond James upped their price target on Eagle Materials from $170.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. JPMorgan Chase & Co. upped their price target on Eagle Materials from $200.00 to $265.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. Loop Capital raised Eagle Materials from a “hold” rating to a “buy” rating and increased their price objective for the stock from $170.00 to $240.00 in a research note on Monday, January 8th. The Goldman Sachs Group increased their price objective on Eagle Materials from $238.00 to $273.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Stifel Nicolaus increased their price objective on Eagle Materials from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $257.00.

Eagle Materials 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.