Robert S. Stewart Sells 8,551 Shares of Eagle Materials Stock (EXP)
Eagle Materials (NYSE:EXP) EVP Robert S. Stewart sold 8,551 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $94.13, for a total transaction of $804,905.63. Following the completion of the sale, the executive vice president now directly owns 48,773 shares of the company’s stock, valued at approximately $4,591,002. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Eagle Materials (NYSE:EXP) traded up 1.57% during mid-day trading on Friday, hitting $94.63. The stock had a trading volume of 373,764 shares. Eagle Materials has a one year low of $63.53 and a one year high of $97.25. The stock has a 50-day moving average of $88.72 and a 200-day moving average of $83.75. The company has a market cap of $4.736 billion and a price-to-earnings ratio of 37.42.
Eagle Materials (NYSE:EXP) last released its earnings data on Wednesday, May 14th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.52 by $0.07. The company had revenue of $189.90 million for the quarter, compared to the consensus estimate of $190.16 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 19.4% on a year-over-year basis. Analysts expect that Eagle Materials will post $3.90 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, July 18th. Investors of record on Friday, June 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend is Wednesday, June 18th.
Separately, analysts at Goldman Sachs raised their price target on shares of Eagle Materials to $124.00 in a research note on Friday, June 20th.
Eagle Materials Inc (NYSE:EXP) is engaged in the manufacture and distribution of gypsum wallboard and the manufacture and sale of cement.
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