Eagle Materials Inc. (NYSE:EXP) CEO Sells $941,460.00 in Stock

Eagle Materials Inc. (NYSE:EXP) CEO Michael Haack sold 9,230 shares of Eagle Materials stock in a transaction on Wednesday, December 30th. The shares were sold at an average price of $102.00, for a total value of $941,460.00. Following the transaction, the chief executive officer now owns 60,523 shares in the company, valued at $6,173,346. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Michael Haack also recently made the following trade(s):

  • On Thursday, December 17th, Michael Haack sold 20,000 shares of Eagle Materials stock. The shares were sold at an average price of $100.00, for a total value of $2,000,000.00.

Shares of NYSE:EXP opened at $101.35 on Friday. Eagle Materials Inc. has a fifty-two week low of $41.83 and a fifty-two week high of $102.65. The business has a 50-day moving average of $95.88 and a two-hundred day moving average of $85.51. The stock has a market capitalization of $4.24 billion, a P/E ratio of 28.23 and a beta of 1.31. The company has a debt-to-equity ratio of 1.07, a current ratio of 3.98 and a quick ratio of 2.58.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Thursday, October 29th. The construction company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.16. Eagle Materials had a return on equity of 25.92% and a net margin of 9.73%. The company had revenue of $448.00 million during the quarter, compared to analysts’ expectations of $450.88 million. During the same quarter in the previous year, the firm earned $1.72 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, research analysts expect that Eagle Materials Inc. will post 6.41 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd acquired a new position in shares of Eagle Materials during the 3rd quarter worth about $92,000. Acadian Asset Management LLC acquired a new position in shares of Eagle Materials during the 3rd quarter worth about $202,000. Gyon Technologies Capital Management LP acquired a new position in shares of Eagle Materials during the 3rd quarter worth about $226,000. LPL Financial LLC bought a new position in Eagle Materials during the third quarter valued at about $235,000. Finally, Bfsg LLC bought a new position in Eagle Materials during the third quarter valued at about $238,000. 90.30% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on EXP shares. ValuEngine cut Eagle Materials from a “hold” rating to a “sell” rating in a report on Thursday, November 5th. Zacks Investment Research upgraded Eagle Materials from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a report on Thursday, November 5th. The Goldman Sachs Group upgraded Eagle Materials from a “neutral” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Thursday, November 19th. Loop Capital upgraded Eagle Materials from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a report on Thursday, November 19th. Finally, Berenberg Bank cut Eagle Materials from a “buy” rating to a “hold” rating in a report on Thursday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. Eagle Materials presently has a consensus rating of “Buy” and an average target price of $85.30.

About Eagle Materials

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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