Eagle Materials Inc (EXP) Insider Gerald J. Essl Sells 10,000 Shares of Stock
Eagle Materials Inc (NYSE:EXP) insider Gerald J. Essl sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $113.77, for a total transaction of $1,137,700.00. Following the completion of the sale, the insider now owns 24,380 shares in the company, valued at $2,773,712.60. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Eagle Materials Inc (EXP) traded up $1.82 during trading hours on Friday, reaching $116.15. 821,700 shares of the company traded hands, compared to its average volume of 572,075. The company has a current ratio of 2.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.44. Eagle Materials Inc has a twelve month low of $86.51 and a twelve month high of $116.72. The firm has a market cap of $5,430.45, a P/E ratio of 24.65, a PEG ratio of 2.79 and a beta of 1.29.
Eagle Materials (NYSE:EXP) last posted its earnings results on Wednesday, October 25th. The construction company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.22). Eagle Materials had a return on equity of 17.75% and a net margin of 15.93%. The business had revenue of $376.30 million for the quarter, compared to analyst estimates of $412.84 million. During the same quarter in the prior year, the business earned $1.25 earnings per share. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. equities analysts predict that Eagle Materials Inc will post 5.01 earnings per share for the current fiscal year.
The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.40 annualized dividend and a yield of 0.34%. Eagle Materials’s dividend payout ratio is presently 9.17%.
Several research firms recently commented on EXP. Stifel Nicolaus lifted their target price on shares of Eagle Materials from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday. Zacks Investment Research downgraded shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 24th. Finally, Standpoint Research downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $122.50.
A number of large investors have recently bought and sold shares of EXP. Skylands Capital LLC lifted its position in shares of Eagle Materials by 58.6% in the 3rd quarter. Skylands Capital LLC now owns 87,600 shares of the construction company’s stock worth $9,347,000 after purchasing an additional 32,375 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Eagle Materials by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 442,837 shares of the construction company’s stock worth $40,925,000 after purchasing an additional 9,922 shares during the period. American Century Companies Inc. lifted 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 purchasing an additional 14,020 shares during the period. Quantbot Technologies LP lifted its position in shares of Eagle Materials by 20.1% in the 2nd quarter. Quantbot Technologies LP now owns 18,530 shares of the construction company’s stock worth $1,712,000 after purchasing an additional 3,103 shares during the period. Finally, Janney Montgomery Scott LLC lifted 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 purchasing an additional 1,052 shares during the period. Institutional investors and hedge funds own 91.55% of the company’s stock.
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.
Receive News & Ratings for Eagle Materials Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Materials Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.