Eagle Materials, Inc. (NYSE:EXP) insider Keith W. Metcalf sold 10,980 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $82.02, for a total value of $900,579.60. Following the transaction, the insider now owns 58,087 shares of the company’s stock, valued at $4,764,295.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NYSE EXP traded up $1.25 during trading on Friday, hitting $85.34. The company had a trading volume of 11,535 shares, compared to its average volume of 430,044. The company has a market cap of $3.54 billion, a P/E ratio of 16.90, a PEG ratio of 1.60 and a beta of 1.23. Eagle Materials, Inc. has a 52 week low of $57.00 and a 52 week high of $93.18. The business’s 50-day moving average is $83.98 and its 200 day moving average is $84.62. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.05 and a current ratio of 2.42.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.27). Eagle Materials had a net margin of 3.20% and a return on equity of 17.21%. The company had revenue of $370.60 million during the quarter, compared to the consensus estimate of $376.95 million. During the same period in the prior year, the company posted $1.38 EPS. Eagle Materials’s quarterly revenue was down 5.9% on a year-over-year basis. On average, research analysts expect that Eagle Materials, Inc. will post 5.26 EPS for the current year.
Large investors have recently made changes to their positions in the business. Penserra Capital Management LLC acquired a new stake in Eagle Materials during the 1st quarter valued at $31,000. Transamerica Financial Advisors Inc. purchased a new position in shares of Eagle Materials during the 2nd quarter valued at $71,000. Griffin Asset Management Inc. purchased a new position in shares of Eagle Materials during the 2nd quarter valued at $166,000. NN Investment Partners Holdings N.V. purchased a new position in shares of Eagle Materials during the 2nd quarter valued at $174,000. Finally, HM Payson & Co. purchased a new position in shares of Eagle Materials during the 2nd quarter valued at $196,000. 95.70% of the stock is currently owned by institutional investors.
EXP has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price objective on Eagle Materials from $95.00 to $85.00 and set a “neutral” rating for the company in a research report on Thursday. Jefferies Financial Group downgraded Eagle Materials from a “buy” rating to a “hold” rating and cut their target price for the stock from $106.00 to $92.00 in a research report on Thursday, July 18th. Citigroup upped their target price on Eagle Materials from $101.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Northcoast Research downgraded Eagle Materials from a “neutral” rating to a “sell” rating and set a $76.00 target price for the company. in a research report on Monday, July 1st. Finally, Raymond James downgraded Eagle Materials from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $93.88.
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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