Eagle Materials Inc (EXP) CFO Dale Craig Kesler Sells 5,000 Shares
Eagle Materials Inc (NYSE:EXP) CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $101.40, for a total value of $507,000.00. Following the completion of the transaction, the chief financial officer now directly owns 61,778 shares of the company’s stock, valued at $6,264,289.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Eagle Materials Inc (NYSE:EXP) traded up 2.10% during trading on Friday, reaching $103.32. The company had a trading volume of 765,049 shares. The firm has a 50-day moving average price of $92.41 and a 200-day moving average price of $95.77. The company has a market capitalization of $5.01 billion, a P/E ratio of 24.02 and a beta of 1.18. Eagle Materials Inc has a 52-week low of $73.27 and a 52-week high of $110.64.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Thursday, July 27th. The construction company reported $1.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.17. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. The firm had revenue of $366.10 million during the quarter, compared to analyst estimates of $369.68 million. During the same quarter last year, the firm earned $0.93 EPS. Eagle Materials’s quarterly revenue was up 23.1% on a year-over-year basis. On average, analysts predict that Eagle Materials Inc will post $5.38 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. Eagle Materials’s dividend payout ratio (DPR) is presently 9.30%.
A number of equities analysts recently issued reports on the company. Zacks Investment Research downgraded Eagle Materials from a “buy” rating to a “hold” rating in a report on Friday, May 19th. BidaskClub downgraded Eagle Materials from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Citigroup Inc. raised Eagle Materials from a “neutral” rating to a “buy” rating and lowered their price target for the company from $115.00 to $110.00 in a report on Monday, July 31st. Finally, Standpoint Research raised Eagle Materials from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $104.67.
Hedge funds and other institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC grew its position in shares of Eagle Materials by 10.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 11,544 shares of the construction company’s stock worth $1,067,000 after acquiring an additional 1,052 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Eagle Materials by 39.7% in the 2nd quarter. Prudential Financial Inc. now owns 419,711 shares of the construction company’s stock worth $38,789,000 after acquiring an additional 119,184 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Eagle Materials by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 3,742,598 shares of the construction company’s stock worth $363,557,000 after acquiring an additional 179,308 shares in the last quarter. Barings LLC acquired a new position in shares of Eagle Materials in the 1st quarter worth approximately $1,865,000. Finally, American Century Companies Inc. grew its position in shares of Eagle Materials by 8.4% in the 2nd quarter. American Century Companies Inc. now owns 180,992 shares of the construction company’s stock worth $16,727,000 after acquiring an additional 14,020 shares in the last quarter. Hedge funds and other institutional investors own 91.08% of the company’s stock.
Eagle Materials Company Profile
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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