Eagle Materials Inc. (EXP) SVP Sells $644,000.00 in Stock
Eagle Materials Inc. (NYSE:EXP) SVP William R. Devlin sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The stock was sold at an average price of $92.00, for a total transaction of $644,000.00. Following the sale, the senior vice president now owns 51,405 shares of the company’s stock, valued at $4,729,260. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Eagle Materials Inc. (NYSE:EXP) opened at 96.02 on Tuesday. The company has a market capitalization of $4.63 billion, a PE ratio of 24.70 and a beta of 1.31. The company has a 50-day moving average of $80.20 and a 200-day moving average of $79.26. Eagle Materials Inc. has a 52 week low of $45.03 and a 52 week high of $97.05.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Monday, October 24th. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by $0.05. The firm earned $332.70 million during the quarter, compared to the consensus estimate of $344.65 million. Eagle Materials had a return on equity of 17.96% and a net margin of 16.43%. Eagle Materials’s revenue was up 1.1% on a year-over-year basis. During the same period last year, the business earned $1.11 EPS. On average, equities research analysts anticipate that Eagle Materials Inc. will post $4.16 EPS for the current year.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Tuesday, July 26th. Standpoint Research downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, November 9th. CL King downgraded shares of Eagle Materials from a “strong-buy” rating to a “neutral” rating in a research report on Tuesday, July 26th. Finally, DA Davidson set a $100.00 price target on shares of Eagle Materials and gave the company a “buy” rating in a research report on Tuesday, September 13th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $85.00.
A number of large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its stake in shares of Eagle Materials by 1.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,699 shares of the company’s stock worth $132,000 after buying an additional 24 shares during the period. Aperio Group LLC raised its stake in shares of Eagle Materials by 1.1% in the third quarter. Aperio Group LLC now owns 7,060 shares of the company’s stock worth $546,000 after buying an additional 75 shares during the period. Ranger Investment Management L.P. raised its stake in shares of Eagle Materials by 0.5% in the second quarter. Ranger Investment Management L.P. now owns 15,820 shares of the company’s stock worth $1,221,000 after buying an additional 80 shares during the period. AMI Investment Management Inc. raised its stake in shares of Eagle Materials by 0.4% in the third quarter. AMI Investment Management Inc. now owns 29,275 shares of the company’s stock worth $2,263,000 after buying an additional 110 shares during the period. Finally, Advisor Group Inc. raised its stake in shares of 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. 94.54% of the stock is currently owned by institutional investors and hedge funds.
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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