Eagle Materials Inc (EXP): Dale Craig Kesler , EVP and CFO of Eagle Materials Inc sold 32,184 shares on May 26, 2016. The Insider selling transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were sold at $79.64 per share for a total value of $2,563,304.25 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 9, 2015, James H Graass (EVP & General Counsel) sold 1,500 shares at $82.00 per share price.On Jun 19, 2015, William R Devlin (SVP, Controller) sold 924 shares at $78.68 per share price.
Eagle Materials: On Wednesday, May 25, 2016 heightened volatility was witnessed in Eagle Materials which led to swings in the share price. The shares opened for trading at $78.24 and hit $78.92 on the upside , eventually ending the session at $78.19, with a gain of 0.70% or 0.54 points. The heightened volatility saw the trading volume jump to 5,38,777 shares. The 52-week high of the share price is $87.04 and the company has a market cap of $3,856 M . The 52-week low of the share price is at $45.025.
On May 20, 2016, Eagle Materials announced a cash dividend of $0.1000. The company’s management has announced Jun 16, 2016 as the ex-dividend date and fixed the record date on Jun 20, 2016. The payable date has been fixed on Jul 22, 2016.
Company has been under the radar of several Street Analysts.Eagle Materials is Upgraded by BB&T Capital Mkts to Buy and the brokerage firm has set the Price Target at $80. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Mar 28, 2016.Eagle Materials is Initiated by Standpoint Research to Accumulate and the brokerage firm has set the Price Target at $91. The Rating was issued on Mar 28, 2016.
Eagle Materials Inc. manufactures and distributes gypsum wallboard and also manufactures and sells cement. Gypsum wallboard is distributed throughout the United States in the geographic markets nearest to its production facilities. The Company sells cement in six regional markets including northern Nevada and California the greater Chicago area the Rocky Mountain region the Central Plains region and Texas. Its gypsum wallboard business is supported by its recycled paperboard business while its cement business is supported by its concrete and aggregates business. The Company operates six cement plants five gypsum wallboard plants one recycled paperboard plant seventeen concrete batching plants four aggregates facilities and one frac sand processing and drying plant. The Company operates in two business segments: Cement and Concrete and Aggregates and Gypsum Wallboard and Recycled Paperboard.