Gerald J. Essl Sells 9,523 Shares of Eagle Materials Inc. (EXP) Stock
Eagle Materials Inc. (NYSE:EXP) EVP Gerald J. Essl sold 9,523 shares of the firm’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $83.86, for a total value of $798,598.78. Following the completion of the transaction, the executive vice president now owns 57,052 shares in the company, valued at approximately $4,784,380.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Eagle Materials Inc. (NYSE:EXP) opened at 95.37 on Friday. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 24.54 and a beta of 1.31. Eagle Materials Inc. has a 52 week low of $45.03 and a 52 week high of $97.05. The firm has a 50 day moving average price of $79.72 and a 200 day moving average price of $79.12.
Eagle Materials (NYSE:EXP) last posted its earnings results on Monday, October 24th. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by $0.05. Eagle Materials had a return on equity of 17.96% and a net margin of 16.43%. The firm had revenue of $332.70 million for the quarter, compared to analysts’ expectations of $344.65 million. During the same quarter last year, the company posted $1.11 EPS. The firm’s revenue was up 1.1% on a year-over-year basis. Equities analysts forecast that Eagle Materials Inc. will post $4.16 EPS for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of EXP. Acrospire Investment Management LLC increased its position in Eagle Materials by 180.0% in the third quarter. Acrospire Investment Management LLC now owns 1,400 shares of the company’s stock worth $108,000 after buying an additional 900 shares during the period. Tower Research Capital LLC TRC increased its position in Eagle Materials by 746.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,675 shares of the company’s stock worth $129,000 after buying an additional 1,477 shares during the period. Advisor Group Inc. increased its position in Eagle Materials by 4.8% in the third quarter. Advisor Group Inc. now owns 2,957 shares of the company’s stock worth $195,000 after buying an additional 136 shares during the period. M&T Bank Corp purchased a new position in Eagle Materials during the second quarter worth $201,000. Finally, Independent Portfolio Consultants Inc. purchased a new position in Eagle Materials during the third quarter worth $204,000. Hedge funds and other institutional investors own 91.66% of the company’s stock.
A number of research analysts have recently weighed in on the company. Standpoint Research lowered Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday. CL King upgraded Eagle Materials from a “neutral” rating to a “buy” rating in a report on Tuesday, October 4th. Zacks Investment Research lowered Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Finally, DA Davidson set a $100.00 price target on Eagle Materials and gave the stock a “buy” rating in a report on Tuesday, September 13th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Eagle Materials currently has an average rating of “Buy” and a consensus target price of $85.00.
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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