Eagle Materials Inc (NYSE:EXP) was the target of some unusual options trading activity on Wednesday. Stock investors purchased 1,885 call options on the company. This represents an increase of approximately 1,276% compared to the average volume of 137 call options.
EXP has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Eagle Materials from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. Standpoint Research lowered shares of 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. Finally, Stifel Nicolaus increased their price objective on shares of Eagle Materials from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $122.50.
Shares of Eagle Materials (NYSE:EXP) opened at $120.07 on Friday. The firm has a market cap of $5,840.00, a PE ratio of 27.60, a P/E/G ratio of 2.98 and a beta of 1.29. Eagle Materials has a 12 month low of $86.51 and a 12 month high of $121.13. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 2.02.
Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.22). The business had revenue of $376.30 million for the quarter, compared to analyst estimates of $412.84 million. Eagle Materials had a return on equity of 17.75% and a net margin of 15.93%. Eagle Materials’s revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 EPS. analysts expect that Eagle Materials will post 4.97 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, December 22nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.40 annualized dividend and a yield of 0.33%. Eagle Materials’s dividend payout ratio (DPR) is 9.20%.
In other news, insider Gerald J. Essl sold 8,161 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $105.00, for a total value of $856,905.00. Following the sale, the insider now owns 42,541 shares in the company, valued at approximately $4,466,805. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP William R. Devlin sold 7,183 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $107.00, for a total transaction of $768,581.00. Following the completion of the sale, the senior vice president now owns 28,321 shares in the company, valued at approximately $3,030,347. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,165 shares of company stock worth $9,438,175. Company insiders own 4.10% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXP. Tower Research Capital LLC TRC raised its stake in Eagle Materials by 474.5% during 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 during the period. Pacad Investment Ltd. raised its stake in Eagle Materials by 116.7% during 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Eagle Materials by 8.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,868 shares of the construction company’s stock worth $173,000 after purchasing an additional 146 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new position in Eagle Materials in the 3rd quarter worth about $201,000. Finally, Private Advisor Group LLC bought a new position in Eagle Materials in the 2nd quarter worth about $215,000. Hedge funds and other institutional investors own 91.52% 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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