Insider Selling: Eagle Materials EVP Sells 11,598 Shares of Stock (EXP)
Eagle Materials (NYSE:EXP) EVP Gerald J. Essl sold 11,598 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $81.82, for a total value of $948,948.36. Following the completion of the sale, the executive vice president now directly owns 35,770 shares of the company’s stock, valued at approximately $2,926,701. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Eagle Materials (NYSE:EXP) traded up 0.40% on Thursday, hitting $82.71. 831,137 shares of the company’s stock traded hands. Eagle Materials has a 1-year low of $59.08 and a 1-year high of $82.88. The stock has a 50-day moving average of $77.70 and a 200-day moving average of $73.41. The company has a market cap of $4.133 billion and a P/E ratio of 37.58.
Eagle Materials (NYSE:EXP) last released its earnings data on Tuesday, February 4th. The company reported $0.63 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.73 by $0.10. The company had revenue of $228.80 million for the quarter, compared to the consensus estimate of $236.51 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 38.9% on a year-over-year basis. Analysts expect that Eagle Materials will post $2.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, May 7th. Investors of record on Wednesday, April 9th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Monday, April 7th.
Eagle Materials Inc (NYSE:EXP) is engaged in the manufacture and distribution of gypsum wallboard and the manufacture and sale of cement.