Eagle Materials (NYSE:EXP) Director Acquires $208,080.00 in Stock

Eagle Materials Inc (NYSE:EXP) Director David Rush bought 1,000 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were acquired at an average cost of $208.08 per share, with a total value of $208,080.00. Following the purchase, the director owned 4,173 shares of the company’s stock, valued at $868,317.84. The trade was a 31.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Eagle Materials Trading Up 0.4%

Shares of NYSE EXP traded up $0.92 during mid-day trading on Friday, reaching $206.47. 327,665 shares of the company’s stock were exchanged, compared to its average volume of 392,308. The company’s 50-day moving average is $230.33 and its 200-day moving average is $222.53. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 2.73. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 15.20 and a beta of 1.31. Eagle Materials Inc has a 52-week low of $191.91 and a 52-week high of $321.93.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Thursday, October 30th. The construction company reported $4.23 earnings per share for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.12). Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The company had revenue of $638.91 million for the quarter, compared to analyst estimates of $635.55 million. During the same quarter in the prior year, the business earned $4.31 earnings per share. Eagle Materials’s revenue was up 2.5% on a year-over-year basis. Analysts expect that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on EXP shares. Zacks Research cut shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Jefferies Financial Group reiterated a “hold” rating and issued a $226.00 price objective on shares of Eagle Materials in a research note on Monday. Weiss Ratings restated a “hold (c+)” rating on shares of Eagle Materials in a research note on Wednesday, October 8th. DA Davidson decreased their price target on shares of Eagle Materials from $245.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Finally, Citigroup lowered their price target on shares of Eagle Materials from $255.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Eagle Materials currently has a consensus rating of “Hold” and a consensus price target of $244.80.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Synovus Financial Corp lifted its position in Eagle Materials by 3.7% in the third quarter. Synovus Financial Corp now owns 5,240 shares of the construction company’s stock valued at $1,221,000 after acquiring an additional 188 shares during the last quarter. Hodges Capital Management Inc. increased its position in shares of Eagle Materials by 9.8% during the third quarter. Hodges Capital Management Inc. now owns 117,044 shares of the construction company’s stock worth $27,276,000 after purchasing an additional 10,479 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Eagle Materials in the 3rd quarter valued at about $750,000. M&G PLC lifted its holdings in shares of Eagle Materials by 4.8% in the 3rd quarter. M&G PLC now owns 32,197 shares of the construction company’s stock valued at $7,502,000 after purchasing an additional 1,471 shares during the last quarter. Finally, Bastion Asset Management Inc. boosted its position in shares of Eagle Materials by 62.6% in the 3rd quarter. Bastion Asset Management Inc. now owns 27,649 shares of the construction company’s stock valued at $6,437,000 after purchasing an additional 10,640 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

About Eagle Materials

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.