Eagle Materials Inc (EXP) EVP Sells $661,698.18 in Stock
Eagle Materials Inc (NYSE:EXP) EVP Robert S. Stewart sold 6,534 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $101.27, for a total value of $661,698.18. Following the sale, the executive vice president now directly owns 66,037 shares in the company, valued at approximately $6,687,566.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Eagle Materials Inc (EXP) traded down 1.50% during mid-day trading on Wednesday, hitting $101.05. The stock had a trading volume of 634,057 shares. The company has a 50 day moving average price of $93.24 and a 200-day moving average price of $95.64. Eagle Materials Inc has a one year low of $73.27 and a one year high of $110.64. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 23.49 and a beta of 1.18.
Eagle Materials (NYSE:EXP) last posted its earnings results 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 for the quarter, compared to analyst estimates of $369.68 million. Eagle Materials had a net margin of 16.23% and a return on equity of 18.29%. The business’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 EPS. Equities analysts expect that Eagle Materials Inc will post $5.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Friday, October 6th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Thursday, October 5th. Eagle Materials’s dividend payout ratio (DPR) is 9.30%.
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Institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its stake in Eagle Materials by 8.4% during the 2nd quarter. American Century Companies Inc. now owns 180,992 shares of the construction company’s stock worth $16,727,000 after buying an additional 14,020 shares during the period. Janney Montgomery Scott LLC increased its stake in Eagle Materials by 10.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 11,544 shares of the construction company’s stock worth $1,067,000 after buying an additional 1,052 shares during the period. Prudential Financial Inc. increased its stake in Eagle Materials by 39.7% during the 2nd quarter. Prudential Financial Inc. now owns 419,711 shares of the construction company’s stock worth $38,789,000 after buying an additional 119,184 shares during the period. Vanguard Group Inc. increased its stake in Eagle Materials by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 3,742,598 shares of the construction company’s stock worth $363,557,000 after buying an additional 179,308 shares during the period. Finally, Barings LLC purchased a new stake in Eagle Materials during the 1st quarter worth $1,865,000. 91.08% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on EXP. BidaskClub raised Eagle Materials from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research lowered Eagle Materials from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Standpoint Research raised Eagle Materials from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Citigroup Inc. raised Eagle Materials from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $115.00 to $110.00 in a research report on Monday, July 31st. Finally, Stephens raised Eagle Materials from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 30th. Two analysts have rated the stock with a sell rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $104.67.
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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