Eagle Materials Inc (EXP) CFO Sells $558,200.00 in Stock

Eagle Materials Inc (NYSE:EXP) CFO Dale Craig Kesler sold 5,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $111.64, for a total value of $558,200.00. Following the transaction, the chief financial officer now owns 56,778 shares of the company’s stock, valued at approximately $6,338,695.92. The transaction was disclosed in a filing with the SEC, which is available at this link.

Dale Craig Kesler also recently made the following trade(s):

  • On Wednesday, September 6th, Dale Craig Kesler sold 5,000 shares of Eagle Materials stock. The stock was sold at an average price of $101.40, for a total value of $507,000.00.

Eagle Materials Inc (NYSE:EXP) opened at $111.33 on Monday. The firm has a market capitalization of $5,413.43, a PE ratio of 24.58, a PEG ratio of 2.77 and a beta of 1.29. The company has a quick ratio of 0.94, a current ratio of 2.02 and a debt-to-equity ratio of 0.44. Eagle Materials Inc has a 1-year low of $86.51 and a 1-year high of $112.45.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.22). The company had revenue of $376.30 million during the quarter, compared to the consensus estimate of $412.84 million. Eagle Materials had a net margin of 15.93% and a return on equity of 17.75%. Eagle Materials’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 EPS. sell-side analysts expect that Eagle Materials Inc will post 5.02 earnings per share for the current fiscal year.

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

Several hedge funds and other institutional investors have recently made changes to their positions in EXP. Tower Research Capital LLC TRC grew its holdings in shares of Eagle Materials by 474.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,149 shares of the construction company’s stock valued at $106,000 after acquiring an additional 949 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Eagle Materials by 8.3% in the 2nd quarter. IFP Advisors Inc now owns 1,183 shares of the construction company’s stock valued at $109,000 after acquiring an additional 91 shares in the last quarter. Pacad Investment Ltd. grew its holdings in shares of Eagle Materials by 116.7% in the 2nd quarter. Pacad Investment Ltd. now owns 1,300 shares of the construction company’s stock valued at $120,000 after acquiring an additional 700 shares in the last quarter. Global X Management Co. LLC grew its holdings in shares of Eagle Materials by 220.0% in the 2nd quarter. Global X Management Co. LLC now owns 1,536 shares of the construction company’s stock valued at $142,000 after acquiring an additional 1,056 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Eagle Materials by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,868 shares of the construction company’s stock valued at $173,000 after acquiring an additional 146 shares in the last quarter. Institutional investors own 91.55% of the company’s stock.

A number of equities analysts have issued reports on EXP shares. Zacks Investment Research upgraded Eagle Materials from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $110.00.

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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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