Gerald J. Essl Sells 5,496 Shares of Eagle Materials Inc (EXP) Stock
Eagle Materials Inc (NYSE:EXP) insider Gerald J. Essl sold 5,496 shares of Eagle Materials stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $96.57, for a total transaction of $530,748.72. Following the completion of the transaction, the insider now directly owns 45,355 shares of the company’s stock, valued at $4,379,932.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Eagle Materials Inc (EXP) traded up 0.88% during mid-day trading on Friday, hitting $98.11. 583,721 shares of the stock traded hands. Eagle Materials Inc has a 12-month low of $73.27 and a 12-month high of $110.64. The stock has a market cap of $4.76 billion, a PE ratio of 22.81 and a beta of 1.23. The company has a 50 day moving average of $91.66 and a 200-day moving average of $96.06.
Eagle Materials (NYSE:EXP) last announced its earnings results on Thursday, July 27th. The construction company reported $1.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period last year, the firm posted $0.93 earnings per share. Equities research analysts forecast that Eagle Materials Inc will post $5.38 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Friday, October 6th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. Eagle Materials’s dividend payout ratio (DPR) is presently 9.30%.
A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a research note on Thursday, May 11th. Stephens upgraded shares of Eagle Materials from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 30th. Standpoint Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, BidaskClub upgraded shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. Eagle Materials currently has a consensus rating of “Hold” and an average target price of $104.67.
Institutional investors have recently made changes to their positions in the company. Advisors Asset Management Inc. raised its position in shares of Eagle Materials by 34.9% in the first quarter. Advisors Asset Management Inc. now owns 40,002 shares of the construction company’s stock worth $3,886,000 after buying an additional 10,358 shares during the period. First Trust Advisors LP raised its position in shares of Eagle Materials by 231.8% in the first quarter. First Trust Advisors LP now owns 124,716 shares of the construction company’s stock worth $12,115,000 after buying an additional 87,129 shares during the period. Tyers Asset Management LLC raised its position in shares of Eagle Materials by 294.6% in the first quarter. Tyers Asset Management LLC now owns 12,848 shares of the construction company’s stock worth $1,248,000 after buying an additional 9,592 shares during the period. State Treasurer State of Michigan raised its position in shares of Eagle Materials by 1.5% in the first quarter. State Treasurer State of Michigan now owns 19,700 shares of the construction company’s stock worth $1,914,000 after buying an additional 300 shares during the period. Finally, Great West Life Assurance Co. Can raised its position in shares of Eagle Materials by 5.0% in the first quarter. Great West Life Assurance Co. Can now owns 28,711 shares of the construction company’s stock worth $2,788,000 after buying an additional 1,365 shares during the period. Institutional investors and hedge funds own 91.08% 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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