David B. Powers Sells 3,347 Shares of Eagle Materials Inc. (NYSE:EXP) Stock

Eagle Materials Inc. (NYSE:EXPGet Free Report) Director David B. Powers sold 3,347 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $240.52, for a total value of $805,020.44. Following the sale, the director now directly owns 655 shares in the company, valued at $157,540.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Eagle Materials Stock Up 1.3 %

Shares of NYSE EXP opened at $243.38 on Friday. The stock has a market cap of $8.38 billion, a P/E ratio of 17.18 and a beta of 1.33. 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 Inc. has a 12-month low of $129.76 and a 12-month high of $243.67. The business’s fifty day simple moving average is $206.19 and its 200-day simple moving average is $185.19.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Thursday, March 14th. Eagle Materials’s payout ratio is currently 7.06%.

Analyst Ratings Changes

Several research firms have recently commented on EXP. Citigroup raised their price objective on Eagle Materials from $234.00 to $244.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. StockNews.com raised Eagle Materials from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. JPMorgan Chase & Co. raised Eagle Materials from an “underweight” rating to a “neutral” rating and set a $200.00 target price on the stock in a research note on Tuesday, December 12th. Truist Financial lifted their target price on Eagle Materials from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Finally, Raymond James raised their price target on Eagle Materials from $170.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, January 29th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Eagle Materials currently has a consensus rating of “Moderate Buy” and an average target price of $222.00.

Read Our Latest Stock Analysis on EXP

Institutional Trading of Eagle Materials

Several hedge funds have recently modified their holdings of the stock. Meritage Portfolio Management lifted its holdings in Eagle Materials by 2.1% during the 4th quarter. Meritage Portfolio Management now owns 2,259 shares of the construction company’s stock worth $458,000 after buying an additional 47 shares during the last quarter. Coldstream Capital Management Inc. lifted its holdings in Eagle Materials by 2.0% during the 2nd quarter. Coldstream Capital Management Inc. now owns 2,821 shares of the construction company’s stock worth $526,000 after buying an additional 55 shares during the last quarter. Covestor Ltd lifted its holdings in Eagle Materials by 77.6% during the 2nd quarter. Covestor Ltd now owns 151 shares of the construction company’s stock worth $28,000 after buying an additional 66 shares during the last quarter. Creative Planning lifted its holdings in Eagle Materials by 2.8% during the 2nd quarter. Creative Planning now owns 2,559 shares of the construction company’s stock worth $477,000 after buying an additional 69 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Eagle Materials by 2.0% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,793 shares of the construction company’s stock worth $632,000 after buying an additional 74 shares during the last quarter. 92.57% of the stock is currently owned by institutional investors and hedge funds.

About Eagle Materials

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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.

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Insider Buying and Selling by Quarter for Eagle Materials (NYSE:EXP)

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