Eagle Materials EVP Robert S. Stewart Unloads 8,241 Shares (EXP)
Eagle Materials (NYSE:EXP) EVP Robert S. Stewart unloaded 8,241 shares of the stock on the open market in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $100.08, for a total transaction of $824,759.28. Following the completion of the transaction, the executive vice president now directly owns 47,934 shares in the company, valued at approximately $4,797,235. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Eagle Materials (NYSE:EXP) traded up 0.71% on Friday, hitting $101.91. 226,540 shares of the company’s stock traded hands. Eagle Materials has a 52 week low of $63.53 and a 52 week high of $101.70. The stock’s 50-day moving average is $94.51 and its 200-day moving average is $89.18. The company has a market cap of $5.116 billion and a price-to-earnings ratio of 38.33.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.75 EPS for the quarter, missing the Thomson Reuters 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. On average, analysts predict that Eagle Materials will post $3.72 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 7th. Shareholders 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 0.39%. The ex-dividend date is Wednesday, October 1st.
A number of research firms have recently commented on EXP. Analysts at Zacks upgraded shares of Eagle Materials from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 21st. 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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