Eagle Materials Inc (NYSE:EXP) insider Gerald J. Essl sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $113.77, for a total value of $1,137,700.00. Following the completion of the sale, the insider now owns 24,380 shares of the company’s stock, valued at approximately $2,773,712.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Eagle Materials Inc (EXP) traded up $0.38 during trading on Wednesday, hitting $111.68. The stock had a trading volume of 532,469 shares, compared to its average volume of 570,421. Eagle Materials Inc has a twelve month low of $86.51 and a twelve month high of $114.96. 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 stock has a market capitalization of $5,410.00, a PE ratio of 25.04, a PEG ratio of 2.83 and a beta of 1.29.
Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.22). Eagle Materials had a return on equity of 17.75% and a net margin of 15.93%. The company had revenue of $376.30 million for the quarter, compared to analysts’ expectations of $412.84 million. During the same quarter last year, the company earned $1.25 EPS. Eagle Materials’s revenue for the quarter was up 13.1% compared to the same quarter last year. sell-side analysts expect that Eagle Materials Inc will post 5.02 EPS for the current fiscal year.
A number of brokerages have weighed in on EXP. Stifel Nicolaus boosted their price objective on Eagle Materials from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research note on Thursday, November 16th. Finally, Standpoint Research cut Eagle Materials from a “buy” rating to a “hold” rating in a research note 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 assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $122.50.
Several institutional investors have recently added to or reduced their stakes in EXP. Tower Research Capital LLC TRC raised its position in 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 acquiring an additional 949 shares in the last quarter. IFP Advisors Inc raised its position in Eagle Materials by 8.3% in the second quarter. IFP Advisors Inc now owns 1,183 shares of the construction company’s stock worth $109,000 after acquiring an additional 91 shares in the last quarter. Pacad Investment Ltd. raised its position in 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 acquiring an additional 700 shares in the last quarter. Global X Management Co. LLC raised its position in 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 acquiring an additional 1,056 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in 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 acquiring an additional 146 shares in the last quarter. Institutional investors and hedge funds own 91.55% of the company’s stock.
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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