Investors Purchase High Volume of Eagle Materials Call Options (EXP)
Eagle Materials Inc (NYSE:EXP) was the recipient of some unusual options trading activity on Wednesday. Stock investors bought 1,885 call options on the stock. This is an increase of 1,276% compared to the average daily volume of 137 call options.
EXP has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Standpoint Research downgraded 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. Finally, Stifel Nicolaus upped their price objective 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. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Eagle Materials currently has a consensus rating of “Hold” and a consensus target price of $122.50.
In other news, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $111.64, for a total transaction of $558,200.00. Following the completion of the transaction, the chief financial officer now directly owns 56,778 shares of the company’s stock, valued at $6,338,695.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gerald J. Essl sold 8,161 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $105.00, for a total transaction of $856,905.00. Following the transaction, the insider now directly owns 42,541 shares of the company’s stock, valued at $4,466,805. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 85,165 shares of company stock valued at $9,438,175. Insiders own 4.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Skylands Capital LLC raised its stake in Eagle Materials by 58.6% in the third quarter. Skylands Capital LLC now owns 87,600 shares of the construction company’s stock worth $9,347,000 after buying an additional 32,375 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Eagle Materials by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 442,837 shares of the construction company’s stock worth $40,925,000 after buying an additional 9,922 shares in the last quarter. Quantbot Technologies LP raised its stake in Eagle Materials by 20.1% in the second quarter. Quantbot Technologies LP now owns 18,530 shares of the construction company’s stock worth $1,712,000 after buying an additional 3,103 shares in the last quarter. Prudential Financial Inc. raised its stake in Eagle Materials by 9.6% in the third quarter. Prudential Financial Inc. now owns 459,861 shares of the construction company’s stock worth $49,066,000 after buying an additional 40,150 shares in the last quarter. Finally, South Dakota Investment Council raised its stake in Eagle Materials by 56.7% in the second quarter. South Dakota Investment Council now owns 22,100 shares of the construction company’s stock worth $2,042,000 after buying an additional 8,000 shares in the last quarter. 91.52% of the stock is owned by institutional investors.
Eagle Materials (EXP) opened at $120.07 on Friday. Eagle Materials has a one year low of $86.51 and a one year high of $121.13. The stock has a market cap of $5,840.00, a PE ratio of 27.60, a P/E/G ratio of 2.98 and a beta of 1.29. The company has a quick ratio of 0.94, a current ratio of 2.02 and a debt-to-equity ratio of 0.44.
Eagle Materials (NYSE:EXP) last released 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 company had revenue of $376.30 million during the quarter, compared to the consensus estimate of $412.84 million. During the same period in the previous year, the company earned $1.25 earnings per share. Eagle Materials’s quarterly revenue was up 13.1% on a year-over-year basis. analysts anticipate that Eagle Materials will post 4.97 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, December 22nd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Thursday, December 21st. Eagle Materials’s payout ratio is currently 9.20%.
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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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