Eagle Materials Sees Unusually High Options Volume (EXP)
Eagle Materials Inc (NYSE:EXP) saw some unusual options trading activity on Thursday. Investors bought 3,421 call options on the company. This represents an increase of 5,006% compared to the typical daily volume of 67 call options.
A number of brokerages recently commented on EXP. Zacks Investment Research upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Thursday, November 16th. Stifel Nicolaus upped their price target on shares of Eagle Materials from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 6th. Finally, Standpoint Research cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. They noted that the move was a valuation call. One investment 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 stock has an average rating of “Hold” and a consensus price target of $122.50.
Shares of Eagle Materials (EXP) opened at $114.98 on Tuesday. The company has a market cap of $5,647.80, a P/E ratio of 25.64, a P/E/G ratio of 2.90 and a beta of 1.29. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 2.02. Eagle Materials has a 52 week low of $86.51 and a 52 week high of $116.72.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.31 EPS 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 business had revenue of $376.30 million for the quarter, compared to analysts’ expectations of $412.84 million. During the same quarter in the previous year, the company posted $1.25 earnings per share. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. research analysts predict that Eagle Materials will post 5.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 22nd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.35%. The ex-dividend date is Thursday, December 21st. Eagle Materials’s dividend payout ratio is presently 9.17%.
In related news, insider Gerald J. Essl sold 10,000 shares of the company’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 sale, the insider now directly owns 24,380 shares in the company, valued at approximately $2,773,712.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $111.64, for a total transaction of $558,200.00. Following the sale, the chief financial officer now owns 56,778 shares in the company, valued at $6,338,695.92. The disclosure for this sale can be found here. Insiders have sold a total of 78,434 shares of company stock worth $8,664,110 over the last 90 days. 4.10% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its stake in 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 lifted its stake in 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. lifted its stake in 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 lifted its stake in 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 lifted its stake in Eagle Materials by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,868 shares of the construction company’s stock worth $173,000 after purchasing an additional 146 shares in the last quarter. Institutional investors and hedge funds own 91.55% of the company’s stock.
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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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