Eagle Materials Inc (NYSE:EXP) insider Gerald J. Essl sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $93.40, for a total transaction of $186,800.00. Following the sale, the insider now owns 39,859 shares in the company, valued at approximately $3,722,830.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Eagle Materials Inc (NYSE:EXP) traded down 1.13% during mid-day trading on Friday, hitting $88.25. The company had a trading volume of 612,776 shares. The company has a market capitalization of $4.28 billion, a P/E ratio of 20.52 and a beta of 1.23. Eagle Materials Inc has a 52-week low of $73.27 and a 52-week high of $110.64. The company has a 50-day moving average price of $92.12 and a 200 day moving average price of $97.05.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $1.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.17. The firm had revenue of $366.10 million during the quarter, compared to analyst estimates of $369.68 million. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period last year, the company posted $0.93 EPS. On average, analysts forecast that Eagle Materials Inc will post $5.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Friday, October 6th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date is Thursday, October 5th. Eagle Materials’s payout ratio is currently 9.30%.
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Several equities research analysts have recently issued reports on EXP shares. Zacks Investment Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a report on Wednesday, May 24th. Stephens raised shares of Eagle Materials from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 30th. Citigroup Inc. raised shares of Eagle Materials from a “neutral” rating to a “buy” rating and cut their target price for the company from $115.00 to $110.00 in a report on Monday, July 31st. BidaskClub raised shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Standpoint Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. Eagle Materials has a consensus rating of “Hold” and an average price target of $104.67.
A number of institutional investors have recently modified their holdings of EXP. IFP Advisors Inc raised its position in shares of Eagle Materials by 38.1% in the first quarter. IFP Advisors Inc now owns 1,092 shares of the construction company’s stock worth $106,000 after buying an additional 301 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Eagle Materials by 474.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,149 shares of the construction company’s stock worth $106,000 after buying an additional 949 shares during the last quarter. Pacad Investment Ltd. raised its position in shares of Eagle Materials by 116.7% in the second quarter. Pacad Investment Ltd. now owns 1,300 shares of the construction company’s stock worth $120,000 after buying an additional 700 shares during the last quarter. Global X Management Co. LLC raised its position in shares of Eagle Materials by 220.0% in the second quarter. Global X Management Co. LLC now owns 1,536 shares of the construction company’s stock worth $142,000 after buying an additional 1,056 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Eagle Materials by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,868 shares of the construction company’s stock worth $173,000 after buying an additional 146 shares during the last quarter. 93.07% of the stock is owned by hedge funds and other institutional investors.
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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