Wednesday, December 06, 2017 10:15 PM ET
Significant Insider Selling Continues at Eagle Materials (EXP)
An insider — Gerald J Essl, Officer — sold 10,000 shares of Eagle Materials having a market value of approximately $1,137,747 today, as revealed in a form 4 document filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the sale of 47,075 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 57,075 shares and have averaged 14,269 shares per transaction over this time period.
The level of buy/sell trading at Eagle Materials is is greater than the 10 peer company average over the last 90-day period. The Cement & Concrete Manufacturing peer group saw 13 buy/sell trades during this period for an average of 1.3 transactions per company. The number of shares per buy/sell trade for Eagle Materials insiders was also higher. Within the peer group there were 0 shares purchased and 80,529 shares sold with company insiders selling 6,195 shares on average.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to compose and write this story.
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