Insider Sell: President and CEO Michael Haack Sells 31,700 Shares of Eagle Materials Inc (EXP)
Michael Haack, the President and CEO of Eagle Materials Inc (NYSE:EXP), has sold 31,700 shares of the company on March 6, 2024, according to a recent SEC filing. The transaction was executed at an average price of $254.9 per share, resulting in a total value of $8,080,330.
Eagle Materials Inc is a leading manufacturer and distributor of building materials including gypsum wallboard, cement, recycled paperboard, and concrete and aggregates. The company operates through a network of facilities across the United States, providing materials essential for construction and infrastructure projects.
Over the past year, Michael Haack has sold a total of 64,730 shares of Eagle Materials Inc and has not made any share purchases. This latest transaction continues a trend of insider selling at the company, with a total of 23 insider sells and no insider buys over the past year.
The stock market capitalization of Eagle Materials Inc stands at $8.853 billion as of the date of the insider sell. The company's price-earnings ratio is 18.14, which is above the industry median of 15.835 but below the companys historical median price-earnings ratio.
On the valuation front, Eagle Materials Inc's shares were trading at $254.9 on the day of the transaction, with a price-to-GF-Value ratio of 1.29. This indicates that the stock is considered modestly overvalued when compared to the GuruFocus Value of $197.87.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which takes into account historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent insider selling activity at Eagle Materials Inc.
The GF Value image provides a visual representation of the stock's current valuation in relation to its intrinsic value estimate.
For more detailed information on insider transactions at Eagle Materials Inc, interested parties can refer to the SEC filing through the provided link.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
