Insider Selling: Dale Craig Kesler Sells 15,000 Shares of Eagle Materials Stock (EXP)
Eagle Materials (NYSE:EXP) CFO Dale Craig Kesler sold 15,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $100.96, for a total value of $1,514,400.00. Following the transaction, the chief financial officer now directly owns 57,471 shares of the company’s stock, valued at approximately $5,802,272. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Eagle Materials (NYSE:EXP) traded up 0.71% on Friday, hitting $101.91. The stock had a trading volume of 226,540 shares. Eagle Materials has a one year low of $63.53 and a one year 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 P/E ratio of 38.33.
Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, July 22nd. The company reported $0.75 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. 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. Investors 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.
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, 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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