Eagle Materials Inc (NYSE:EXP) EVP James H. Graass sold 8,198 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $107.55, for a total transaction of $881,694.90. Following the sale, the executive vice president now owns 57,563 shares in the company, valued at approximately $6,190,900.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.31 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $376.30 million during the quarter, compared to analyst estimates of $412.84 million. During the same quarter last year, the business earned $1.25 earnings per share. Eagle Materials’s revenue for the quarter was up 13.1% on a year-over-year basis.
The firm 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. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. Eagle Materials’s dividend payout ratio (DPR) is presently 9.17%.
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EXP has been the topic of a number of recent analyst reports. Standpoint Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Citigroup Inc. upgraded shares of Eagle Materials from a “neutral” rating to a “buy” rating and cut their price target for the company from $115.00 to $110.00 in a report on Monday, July 31st. Zacks Investment Research lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, BidaskClub upgraded shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $110.00.
Several hedge funds and other institutional investors have recently bought and sold shares of EXP. Wellington Management Group LLP raised its holdings in shares of Eagle Materials by 372.7% in the first quarter. Wellington Management Group LLP now owns 11,624 shares of the construction company’s stock valued at $1,129,000 after purchasing an additional 9,165 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Eagle Materials by 5.9% in the first quarter. Teachers Advisors LLC now owns 303,326 shares of the construction company’s stock valued at $29,465,000 after purchasing an additional 16,775 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Eagle Materials by 25.6% in the first quarter. PNC Financial Services Group Inc. now owns 7,428 shares of the construction company’s stock valued at $722,000 after purchasing an additional 1,516 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Eagle Materials by 69.2% in the first quarter. Legal & General Group Plc now owns 42,899 shares of the construction company’s stock valued at $4,168,000 after purchasing an additional 17,547 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Eagle Materials by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 432,915 shares of the construction company’s stock valued at $42,051,000 after purchasing an additional 16,890 shares during the last quarter. Institutional investors own 90.59% 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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