EXP has been the subject of several other reports. Zacks Investment Research lowered shares of Eagle Materials from a buy rating to a hold rating in a report on Friday, July 1st. DA Davidson set a $100.00 target price on shares of Eagle Materials and gave the stock a buy rating in a report on Tuesday, September 13th. Finally, Standpoint Research lowered shares of Eagle Materials from a buy rating to a hold rating in a report on Friday, July 22nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Eagle Materials has a consensus rating of Buy and a consensus target price of $84.13.
Shares of Eagle Materials (NYSE:EXP) traded up 2.37% on Tuesday, hitting $77.30. 141,006 shares of the company traded hands. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 23.95 and a beta of 1.47. Eagle Materials has a 1-year low of $45.03 and a 1-year high of $87.57. The firm’s 50 day moving average price is $78.91 and its 200-day moving average price is $77.36.
Eagle Materials (NYSE:EXP) last released its earnings results on Monday, July 25th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.07. The company earned $297 million during the quarter, compared to analyst estimates of $295.49 million. Eagle Materials had a net margin of 13.85% and a return on equity of 17.68%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. On average, equities research analysts expect that Eagle Materials will post $4.34 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Friday, October 7th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, October 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.53%. Eagle Materials’s dividend payout ratio is currently 12.35%.
In related news, EVP Robert S. Stewart sold 12,098 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $85.08, for a total value of $1,029,297.84. Following the completion of the sale, the executive vice president now directly owns 66,779 shares in the company, valued at $5,681,557.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director F William Barnett sold 16,221 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $85.77, for a total value of $1,391,275.17. Following the completion of the sale, the director now owns 7,519 shares of the company’s stock, valued at $644,904.63. The disclosure for this sale can be found here. Insiders own 5.50% of the company’s stock.
A number of hedge funds have recently modified their holdings of the company. Prudential PLC bought a new stake in shares of Eagle Materials during the first quarter worth about $3,942,000. Geode Capital Management LLC increased its stake in shares of Eagle Materials by 10.6% in the first quarter. Geode Capital Management LLC now owns 310,633 shares of the company’s stock worth $21,778,000 after buying an additional 29,791 shares in the last quarter. Nicholas Investment Partners LP bought a new stake in shares of Eagle Materials during the first quarter worth about $2,900,000. Global Alpha Capital Management Ltd. increased its stake in shares of Eagle Materials by 66.9% in the first quarter. Global Alpha Capital Management Ltd. now owns 56,400 shares of the company’s stock worth $3,954,000 after buying an additional 22,600 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Eagle Materials by 4.5% in the first quarter. State Street Corp now owns 1,711,658 shares of the company’s stock worth $119,993,000 after buying an additional 74,038 shares in the last quarter. Institutional investors own 91.67% of the company’s stock.
Eagle Materials Company Profile
Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.
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