Dale Craig Kesler Sells 5,000 Shares of Eagle Materials Inc. (NYSE:EXP) Stock

Eagle Materials Inc. (NYSE:EXPGet Free Report) CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $215.60, for a total value of $1,078,000.00. Following the transaction, the chief financial officer now directly owns 62,610 shares of the company’s stock, valued at $13,498,716. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Eagle Materials Price Performance

NYSE:EXP opened at $226.18 on Thursday. The company has a quick ratio of 1.13, a current ratio of 2.61 and a debt-to-equity ratio of 0.77. The stock’s 50 day moving average price is $199.28 and its two-hundred day moving average price is $183.25. The firm has a market capitalization of $7.79 billion, a price-to-earnings ratio of 15.96 and a beta of 1.35. Eagle Materials Inc. has a 12-month low of $129.76 and a 12-month high of $230.02.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 15th were paid a $0.25 dividend. The ex-dividend date was Thursday, December 14th. This represents a $1.00 annualized dividend and a yield of 0.44%. Eagle Materials’s dividend payout ratio is 7.06%.

Institutional Trading of Eagle Materials

Several institutional investors and hedge funds have recently bought and sold shares of EXP. Larson Financial Group LLC bought a new stake in Eagle Materials in the third quarter valued at approximately $25,000. Dark Forest Capital Management LP bought a new stake in Eagle Materials in the first quarter valued at approximately $26,000. Covestor Ltd grew its position in shares of Eagle Materials by 77.6% in the second quarter. Covestor Ltd now owns 151 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares during the last quarter. BluePath Capital Management LLC acquired a new position in shares of Eagle Materials in the third quarter valued at approximately $31,000. Finally, Point72 Middle East FZE acquired a new position in shares of Eagle Materials in the fourth quarter valued at approximately $31,000. Institutional investors own 92.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Loop Capital raised Eagle Materials from a “hold” rating to a “buy” rating and upped their price objective for the stock from $170.00 to $240.00 in a research report on Monday, January 8th. StockNews.com raised Eagle Materials from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Raymond James upped their price objective on Eagle Materials from $170.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday. JPMorgan Chase & Co. upgraded Eagle Materials from an “underweight” rating to a “neutral” rating and set a $200.00 target price on the stock in a report on Tuesday, December 12th. Finally, Stifel Nicolaus upped their target price on Eagle Materials from $186.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $222.00.

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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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