Eagle Materials Inc. (NYSE:EXP) has been assigned a consensus recommendation of “Buy” from the eleven research firms that are covering the stock. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $81.20.
A number of equities analysts recently weighed in on EXP shares. Zacks Investment Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research report on Tuesday, July 26th. DA Davidson set a $100.00 price objective on shares of Eagle Materials and gave the stock a “buy” rating in a research report on Tuesday, September 13th. CL King cut shares of Eagle Materials from a “strong-buy” rating to a “neutral” rating in a research report on Tuesday, July 26th. Finally, Standpoint Research cut shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Friday, July 22nd.
In other news, Director F William Barnett sold 16,221 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $85.77, for a total value of $1,391,275.17. Following the sale, the director now directly owns 7,519 shares in the company, valued at approximately $644,904.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert S. Stewart sold 12,098 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $85.08, for a total transaction of $1,029,297.84. Following the completion of the sale, the executive vice president now owns 66,779 shares in the company, valued at $5,681,557.32. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its stake in shares of Eagle Materials by 746.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,675 shares of the company’s stock worth $129,000 after buying an additional 1,477 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Eagle Materials during the second quarter worth $201,000. Independent Portfolio Consultants Inc. purchased a new stake in shares of Eagle Materials during the third quarter worth $204,000. PNC Financial Services Group Inc. raised its stake in shares of Eagle Materials by 181.2% in the second quarter. PNC Financial Services Group Inc. now owns 2,739 shares of the company’s stock worth $212,000 after buying an additional 1,765 shares during the last quarter. Finally, Advisor Group Inc. purchased a new stake in shares of Eagle Materials during the second quarter worth $216,000. Institutional investors and hedge funds own 91.67% of the company’s stock.
Eagle Materials (NYSE:EXP) opened at 77.84 on Tuesday. The firm has a market capitalization of $3.75 billion, a P/E ratio of 24.12 and a beta of 1.47. The stock’s 50 day moving average price is $78.55 and its 200-day moving average price is $77.45. Eagle Materials has a 12 month low of $45.03 and a 12 month high of $87.57.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Monday, July 25th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.07. The business earned $297 million during the quarter, compared to the consensus estimate of $295.49 million. Eagle Materials had a net margin of 13.85% and a return on equity of 17.68%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 EPS. Equities analysts forecast that Eagle Materials will post $4.34 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 10th. Stockholders of record on Friday, October 7th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.51%. Eagle Materials’s payout ratio is 12.35%.
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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