Insider Selling: Eagle Materials SVP Unloads 3,000 Shares of Stock (EXP)
Eagle Materials (NYSE:EXP) SVP William R. Devlin unloaded 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $99.50, for a total transaction of $298,500.00. Following the sale, the senior vice president now directly owns 39,937 shares of the company’s stock, valued at approximately $3,973,732. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Eagle Materials (NYSE:EXP) traded down 0.51% on Friday, hitting $99.01. The stock had a trading volume of 328,122 shares. Eagle Materials has a 52 week low of $63.53 and a 52 week high of $99.62. The stock’s 50-day moving average is $93.6 and its 200-day moving average is $88.36. The company has a market cap of $4.970 billion and a P/E ratio of 37.70.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.75 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.89 by $0.14. The company had revenue of $266.30 million for the quarter, compared to the consensus estimate of $274.68 million. During the same quarter last year, the company posted $0.60 earnings per share. Eagle Materials’s revenue was up 17.3% compared to the same quarter last year. Analysts expect that Eagle Materials will post $3.72 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 7th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Wednesday, October 1st.
EXP has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Eagle Materials from an “underperform” rating to a “neutral” rating in a research note on Thursday. They now have a $99.30 price target on the stock. Finally, 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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