Michael Haack Sells 10,000 Shares of Eagle Materials Inc (EXP) Stock

Eagle Materials Inc (NYSE:EXP) COO Michael Haack sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $112.00, for a total value of $1,120,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of Eagle Materials Inc (NYSE:EXP) opened at $111.33 on Friday. Eagle Materials Inc has a fifty-two week low of $86.51 and a fifty-two week high of $112.45. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.02 and a quick ratio of 0.94. The company has a market capitalization of $5,413.42, a P/E ratio of 24.58, a P/E/G ratio of 2.77 and a beta of 1.29.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.31 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.22). Eagle Materials had a net margin of 15.93% and a return on equity of 17.75%. The company had revenue of $376.30 million during the quarter, compared to analyst estimates of $412.84 million. During the same period in the prior year, the business posted $1.25 EPS. Eagle Materials’s revenue for the quarter was up 13.1% compared to the same quarter last year. research analysts forecast that Eagle Materials Inc will post 5.02 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, December 22nd will be issued a $0.10 dividend. The ex-dividend date is Thursday, December 21st. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. Eagle Materials’s dividend payout ratio is presently 9.17%.

Several large investors have recently bought and sold shares of EXP. Tower Research Capital LLC TRC increased its holdings 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 valued at $106,000 after purchasing an additional 949 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Eagle Materials by 8.3% in the second quarter. IFP Advisors Inc now owns 1,183 shares of the construction company’s stock valued at $109,000 after purchasing an additional 91 shares during the last quarter. Pacad Investment Ltd. increased its holdings 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 valued at $120,000 after purchasing an additional 700 shares during the last quarter. Global X Management Co. LLC increased its holdings 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 valued at $142,000 after purchasing an additional 1,056 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings 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 valued at $173,000 after purchasing an additional 146 shares during the last quarter. 91.57% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on EXP. Standpoint Research cut Eagle Materials from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. They noted that the move was a valuation call. BidaskClub raised Eagle Materials from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Zacks Investment Research raised Eagle Materials from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $110.00.

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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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