Insider Selling: Eagle Materials Inc (NYSE:EXP) Insider Sells 2,000 Shares of Stock
Eagle Materials Inc (NYSE:EXP) insider Gerald J. Essl sold 2,000 shares of the firm’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $93.40, for a total value of $186,800.00. Following the completion of the sale, the insider now directly owns 39,859 shares of the company’s stock, valued at approximately $3,722,830.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Eagle Materials Inc (EXP) traded down 1.84% on Tuesday, hitting $91.47. The stock had a trading volume of 699,322 shares. Eagle Materials Inc has a one year low of $73.27 and a one year high of $110.64. The stock has a 50-day moving average of $92.56 and a 200-day moving average of $97.83. The company has a market cap of $4.44 billion, a PE ratio of 21.27 and a beta of 1.23.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Thursday, July 27th. The construction company reported $1.17 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.17. The business had revenue of $366.10 million during the quarter, compared to analyst estimates of $369.68 million. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. The company’s revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 earnings per share. Equities analysts expect that Eagle Materials Inc will post $5.38 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Friday, October 6th will be issued a $0.10 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. Eagle Materials’s dividend payout ratio (DPR) is 9.30%.
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Large investors have recently made changes to their positions in the stock. AQR Capital Management LLC bought a new stake in shares of Eagle Materials during the fourth quarter valued at approximately $681,000. Teachers Advisors LLC increased its stake in shares of Eagle Materials by 4.5% in the fourth quarter. Teachers Advisors LLC now owns 286,551 shares of the construction company’s stock valued at $28,234,000 after buying an additional 12,315 shares in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Eagle Materials during the fourth quarter valued at approximately $2,956,000. GW&K Investment Management LLC increased its stake in shares of Eagle Materials by 46.2% in the first quarter. GW&K Investment Management LLC now owns 131,921 shares of the construction company’s stock valued at $12,815,000 after buying an additional 41,676 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Eagle Materials by 103.1% in the first quarter. Bank of Montreal Can now owns 6,287 shares of the construction company’s stock valued at $610,000 after buying an additional 3,192 shares in the last quarter. 92.68% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have commented on EXP shares. Zacks Investment Research raised Eagle Materials from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a report on Thursday, May 11th. Stephens raised Eagle Materials from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 30th. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $104.67.
About Eagle Materials
Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.
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