Eagle Materials Inc (EXP) COO Sells $774,065.00 in Stock
Eagle Materials Inc (NYSE:EXP) COO Michael Haack sold 6,731 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $115.00, for a total value of $774,065.00. Following the completion of the sale, the chief operating officer now owns 28,136 shares of the company’s stock, valued at approximately $3,235,640. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Michael Haack also recently made the following trade(s):
- On Thursday, November 30th, Michael Haack sold 10,000 shares of Eagle Materials stock. The stock was sold at an average price of $112.00, for a total value of $1,120,000.00.
Eagle Materials Inc (NYSE:EXP) opened at $109.92 on Friday. Eagle Materials Inc has a 52-week low of $86.51 and a 52-week high of $116.72. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 2.02. The firm has a market capitalization of $5,471.78, a P/E ratio of 24.84, a P/E/G ratio of 2.81 and a beta of 1.29.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.22). Eagle Materials had a net margin of 15.93% and a return on equity of 17.75%. The company had revenue of $376.30 million for the quarter, compared to the consensus estimate of $412.84 million. During the same period last year, the business earned $1.25 EPS. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. equities analysts forecast that Eagle Materials Inc will post 5.01 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, December 22nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Thursday, December 21st. Eagle Materials’s dividend payout ratio (DPR) is presently 9.17%.
A number of hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its holdings in shares of Eagle Materials by 474.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,149 shares of the construction company’s stock worth $106,000 after purchasing an additional 949 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Eagle Materials by 8.3% in the 2nd quarter. IFP Advisors Inc now owns 1,183 shares of the construction company’s stock worth $109,000 after purchasing an additional 91 shares in the last quarter. Pacad Investment Ltd. increased its holdings in shares of Eagle Materials by 116.7% in the 2nd quarter. Pacad Investment Ltd. now owns 1,300 shares of the construction company’s stock worth $120,000 after purchasing an additional 700 shares in the last quarter. Global X Management Co. LLC increased its holdings in shares of Eagle Materials by 220.0% in the 2nd quarter. Global X Management Co. LLC now owns 1,536 shares of the construction company’s stock worth $142,000 after purchasing an additional 1,056 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Eagle Materials by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,868 shares of the construction company’s stock worth $173,000 after acquiring an additional 146 shares during the period. 91.55% of the stock is owned by institutional investors.
Several equities research analysts have weighed in on the company. Standpoint Research cut Eagle Materials from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. They noted that the move was a valuation call. Zacks Investment Research upgraded Eagle Materials from a “sell” rating to a “hold” rating in a report on Thursday, November 16th. Finally, Stifel Nicolaus increased their price objective on Eagle Materials from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $122.50.
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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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