SVP Devlin William R sold 2.3K shares of EXP at $312.45, reducing stake 9.7%; stock near 52-week high.
Devlin William R, SVP and Controller of Eagle Materials, sold 2,304 shares at $312.45 on 2024-11-06, with the stock currently trading at $311.55 near its 52-week high of $312.76. The sale reduced his holdings from 23,820 shares to 21,516 shares (-9.7%). Over his two prior sales at EXP, both occurred after substantial price run-ups (30d returns of +15.7% and +1.3%), yet neither proved well-timed as the stock continued rising at the 90-day mark (+18.1% and +5.0% respectively). The stock's +8.0% gain over the past 30 days and +28.5% over 90 days reflects strong recent momentum, and at a P/E of 21.61, the valuation appears full. This sale occurs in the context of a mature rally and follows a historical pattern of this insider selling into strength rather than weakness, though his timing record at this ticker shows the stock has not declined meaningfully after his prior exits.