Eagle Materials Inc. (NYSE:EXP) EVP James H. Graass sold 18,198 shares of the business’s stock in a transaction on Wednesday, October 26th. The shares were sold at an average price of $79.93, for a total transaction of $1,454,566.14. Following the transaction, the executive vice president now directly owns 68,817 shares in the company, valued at $5,500,542.81. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Eagle Materials Inc. (NYSE:EXP) opened at 80.49 on Monday. The company has a 50-day moving average of $77.24 and a 200-day moving average of $78.33. The company has a market cap of $3.88 billion, a PE ratio of 20.71 and a beta of 1.47. Eagle Materials Inc. has a 52 week low of $45.03 and a 52 week high of $87.57.
Eagle Materials (NYSE:EXP) last issued 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 company 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%. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 earnings per share. On average, equities analysts expect that Eagle Materials Inc. will post $4.16 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Friday, October 7th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.40 dividend on an annualized basis and a yield of 0.50%. Eagle Materials’s dividend payout ratio is presently 10.26%.
Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its stake in shares of 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 in the last quarter. M&T Bank Corp acquired a new stake in Eagle Materials during the second quarter worth $201,000. Independent Portfolio Consultants Inc. acquired a new stake in Eagle Materials during the third quarter worth $204,000. PNC Financial Services Group Inc. raised its stake in Eagle Materials by 181.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,739 shares of the company’s stock worth $212,000 after buying an additional 1,765 shares during the last quarter. Finally, Advisor Group Inc. acquired a new stake in Eagle Materials during the second quarter worth $216,000. Institutional investors own 91.66% of the company’s stock.
EXP has been the topic of a number of research reports. Standpoint Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a report on Tuesday, October 4th. CL King upgraded shares of Eagle Materials from a “neutral” rating to a “buy” rating in a report on Tuesday, October 4th. Zacks Investment Research cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Finally, DA Davidson set a $100.00 target price on shares of Eagle Materials and gave the company a “buy” rating in a report on Tuesday, September 13th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Eagle Materials presently has an average rating of “Buy” and a consensus target price of $85.00.
Eagle Materials Company Profile