Eagle Materials Inc (EXP) EVP Sells $3,341,028.84 in Stock
Eagle Materials Inc (NYSE:EXP) EVP Robert S. Stewart sold 29,892 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $111.77, for a total value of $3,341,028.84. Following the completion of the transaction, the executive vice president now directly owns 34,323 shares in the company, valued at $3,836,281.71. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Eagle Materials Inc (NYSE:EXP) opened at $111.33 on Monday. Eagle Materials Inc has a 12 month low of $86.51 and a 12 month high of $112.45. The company has a quick ratio of 0.94, a current ratio of 2.02 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $5,413.42, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 2.77 and a beta of 1.29.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.31 earnings per share (EPS) for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $412.84 million. During the same quarter in the previous year, the company posted $1.25 EPS. The company’s quarterly revenue was up 13.1% on a year-over-year basis. equities analysts expect that Eagle Materials Inc will post 5.02 earnings per share for the current fiscal year.
The firm also recently declared 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. The ex-dividend date is Thursday, December 21st. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. Eagle Materials’s payout ratio is presently 9.17%.
EXP has been the topic of a number of recent research reports. Zacks Investment Research raised Eagle Materials from a “sell” rating to a “hold” rating in a report on Thursday, November 16th. 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Eagle Materials currently has an average rating of “Hold” and a consensus price target of $110.00.
A number of hedge funds have recently modified their holdings of EXP. JPMorgan Chase & Co. increased its stake in Eagle Materials by 19.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,822,368 shares of the construction company’s stock worth $303,320,000 after buying an additional 464,534 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Eagle Materials by 928.1% during the second quarter. Renaissance Technologies LLC now owns 464,700 shares of the construction company’s stock valued at $42,948,000 after purchasing an additional 419,500 shares in the last quarter. FMR LLC grew its position in shares of Eagle Materials by 9.1% during the second quarter. FMR LLC now owns 4,407,131 shares of the construction company’s stock valued at $407,307,000 after purchasing an additional 367,661 shares in the last quarter. Marshall Wace North America L.P. grew its position in shares of Eagle Materials by 316.8% during the second quarter. Marshall Wace North America L.P. now owns 359,705 shares of the construction company’s stock valued at $33,093,000 after purchasing an additional 273,405 shares in the last quarter. Finally, Allianz Asset Management GmbH purchased a new position in shares of Eagle Materials during the third quarter valued at about $24,275,000. Institutional investors and hedge funds own 91.57% 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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