Eagle Materials Inc. (NYSE:EXP) Director Michael R. Nicolais Buys 310 Shares

Eagle Materials Inc. (NYSE:EXP - Get Free Report) Director Michael R. Nicolais acquired 310 shares of the business's stock in a transaction on Monday, February 10th. The shares were bought at an average cost of $257.36 per share, with a total value of $79,781.60. Following the completion of the acquisition, the director now owns 3,655 shares in the company, valued at approximately $940,650.80. This represents a 9.27 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Eagle Materials Trading Up 0.8 %

EXP traded up $1.97 during trading on Friday, reaching $252.47. The company had a trading volume of 239,537 shares, compared to its average volume of 306,511. The stock has a market cap of $8.40 billion, a P/E ratio of 18.03 and a beta of 1.37. The business has a 50 day simple moving average of $254.52 and a 200-day simple moving average of $271.05. Eagle Materials Inc. has a 52 week low of $211.44 and a 52 week high of $321.93. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. On average, equities analysts anticipate that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. Eagle Materials's payout ratio is 7.14%.

Institutional Trading of Eagle Materials

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC increased its stake in Eagle Materials by 30.1% in the third quarter. FMR LLC now owns 3,801,257 shares of the construction company's stock worth $1,093,432,000 after purchasing an additional 878,400 shares during the period. JPMorgan Chase & Co. increased its stake in Eagle Materials by 3.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,801,532 shares of the construction company's stock worth $444,546,000 after purchasing an additional 66,399 shares during the period. Geode Capital Management LLC increased its stake in Eagle Materials by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 722,995 shares of the construction company's stock worth $178,450,000 after purchasing an additional 15,388 shares during the period. Baupost Group LLC MA increased its stake in Eagle Materials by 27.6% in the fourth quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company's stock worth $157,488,000 after purchasing an additional 137,950 shares during the period. Finally, Federated Hermes Inc. increased its stake in Eagle Materials by 10.3% in the fourth quarter. Federated Hermes Inc. now owns 594,899 shares of the construction company's stock worth $146,797,000 after purchasing an additional 55,578 shares during the period. Hedge funds and other institutional investors own 96.07% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on EXP shares. Citigroup lowered shares of Eagle Materials from a "buy" rating to a "neutral" rating and cut their price objective for the company from $334.00 to $280.00 in a report on Monday, January 6th. The Goldman Sachs Group increased their target price on Eagle Materials from $277.00 to $317.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their target price on Eagle Materials from $290.00 to $310.00 and gave the company a "neutral" rating in a research report on Wednesday, November 27th. Loop Capital downgraded Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 target price for the company. in a research report on Monday, November 25th. Finally, DA Davidson lowered their target price on Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $296.80.

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.