Eagle Materials CEO Michael Haack sold 32,867 shares for $10.1M across 7 transactions on Nov 21-22; stock near 52-week high.
Michael Haack, President and CEO of Eagle Materials, executed 7 separate sales totaling 32,867 shares for $10,140,918.06 at blended average price $308.54 on November 21–22, 2024, reducing his holdings by 27.7% from 118,678 shares to 85,811 shares. The sales occurred near the stock's 52-week high of $315.29 (current price is at +0.0% from that peak), following a 30-day appreciation of +9.4% and 90-day gain of +23.2%. Haack's five prior sales at this ticker have uniformly exhibited negative 90-day returns (ranging from -11.6% to -12.6%), suggesting a consistent pattern of selling ahead of subsequent weakness; however, all trades were executed in March 2024 and do not necessarily indicate timing efficacy for this November transaction. The sale's magnitude and proximity to the 52-week high warrant observation, particularly given the company's solid fundamentals (P/E 21.86, net income $143.5M on revenue $623.6M) and the material reduction in CEO ownership stake.