Ed H. Bowman, Jr. Sells 1,828 Shares of Eagle Materials Inc. (NYSE:EXP) Stock

Eagle Materials Inc. (NYSE:EXPGet Rating) Director Ed H. Bowman, Jr. sold 1,828 shares of the firm’s stock in a transaction that occurred on Friday, June 17th. The shares were sold at an average price of $110.15, for a total transaction of $201,354.20. Following the sale, the director now directly owns 10,485 shares of the company’s stock, valued at approximately $1,154,922.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Eagle Materials stock traded down $0.17 on Friday, hitting $109.54. 522,807 shares of the company’s stock were exchanged, compared to its average volume of 379,496. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.99 and a current ratio of 2.13. Eagle Materials Inc. has a 1 year low of $108.57 and a 1 year high of $169.15. The company has a 50-day simple moving average of $125.67 and a 200-day simple moving average of $138.91. The stock has a market capitalization of $4.18 billion, a PE ratio of 12.10 and a beta of 1.24.

Eagle Materials (NYSE:EXPGet Rating) last released its earnings results on Thursday, May 19th. The construction company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.17. Eagle Materials had a net margin of 20.10% and a return on equity of 30.51%. The company had revenue of $413.10 million for the quarter, compared to analysts’ expectations of $400.68 million. During the same quarter in the previous year, the company earned $1.56 EPS. Eagle Materials’s revenue for the quarter was up 20.3% on a year-over-year basis. On average, analysts expect that Eagle Materials Inc. will post 11.38 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 16th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Wednesday, June 15th. Eagle Materials’s dividend payout ratio (DPR) is 10.94%.

Several equities research analysts recently issued reports on EXP shares. StockNews.com upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a report on Monday, May 23rd. DA Davidson dropped their target price on shares of Eagle Materials from $160.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, May 20th. The Goldman Sachs Group dropped their target price on shares of Eagle Materials from $190.00 to $162.00 and set a “buy” rating on the stock in a report on Friday, May 20th. Finally, Truist Financial dropped their target price on shares of Eagle Materials from $172.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, May 23rd. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $166.40.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXP. Allspring Global Investments Holdings LLC bought a new stake in Eagle Materials in the 4th quarter valued at $249,701,000. JPMorgan Chase & Co. increased its holdings in Eagle Materials by 453.5% in the 4th quarter. JPMorgan Chase & Co. now owns 540,436 shares of the construction company’s stock valued at $89,961,000 after acquiring an additional 442,802 shares during the last quarter. Norges Bank bought a new stake in Eagle Materials in the 4th quarter valued at $65,760,000. Prudential Financial Inc. increased its holdings in Eagle Materials by 180.3% in the 1st quarter. Prudential Financial Inc. now owns 470,479 shares of the construction company’s stock valued at $60,390,000 after acquiring an additional 302,625 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Eagle Materials by 61.5% in the 1st quarter. Victory Capital Management Inc. now owns 625,280 shares of the construction company’s stock valued at $78,442,000 after acquiring an additional 238,048 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

About Eagle Materials (Get Rating)

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials and light building materials in the United States. It operates through Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard segments. 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.

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