Eagle Materials Inc. (NYSE:EXP) Director George John Damiris Sells 1,000 Shares

Eagle Materials Inc. (NYSE:EXP) Director George John Damiris sold 1,000 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the sale, the director now directly owns 7,943 shares in the company, valued at $2,205,135.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Eagle Materials Stock Up 2.9 %

EXP opened at $292.11 on Friday. The stock’s 50 day moving average price is $249.27 and its 200 day moving average price is $246.61. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.45 and a quick ratio of 1.17. The stock has a market cap of $9.89 billion, a P/E ratio of 21.45 and a beta of 1.32. Eagle Materials Inc. has a 12 month low of $145.03 and a 12 month high of $292.74.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, July 30th. The construction company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $3.57 by $0.37. The company had revenue of $608.69 million for the quarter, compared to analyst estimates of $622.06 million. Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $3.55 earnings per share. As a group, research analysts predict that Eagle Materials Inc. will post 15.9 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, September 17th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Tuesday, September 17th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.34%.

Hedge Funds Weigh In On Eagle Materials

Several hedge funds have recently made changes to their positions in EXP. Eagle Bay Advisors LLC increased its stake in Eagle Materials by 79.2% in the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock worth $26,000 after purchasing an additional 42 shares in the last quarter. Rise Advisors LLC purchased a new position in shares of Eagle Materials in the first quarter worth approximately $27,000. YHB Investment Advisors Inc. purchased a new position in shares of Eagle Materials in the first quarter worth approximately $27,000. Tompkins Financial Corp acquired a new stake in shares of Eagle Materials during the first quarter valued at approximately $27,000. Finally, Bessemer Group Inc. boosted its stake in Eagle Materials by 132.7% in the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock worth $31,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Citigroup increased their price objective on shares of Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Jefferies Financial Group increased their price target on Eagle Materials from $270.00 to $283.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Raymond James downgraded Eagle Materials from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th. Stephens upped their price objective on Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, StockNews.com lowered Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Eagle Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $289.78.

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, including Portland limestone 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, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.