Eagle Materials Inc (EXP) to Distribute Quarterly Dividend of $0.25 on October 13th

Eagle Materials Inc (NYSE:EXP) announced a quarterly dividend on Monday, August 3rd. Shareholders of record on Monday, September 14th will be given a dividend of 0.25 per share by the construction company on Tuesday, October 13th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, September 14th.

Eagle Materials has increased its dividend payment by an average of 0.6%per year over the last three years. Eagle Materials has a dividend payout ratio of 6.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Eagle Materials to earn $14.34 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 7.0%.

Eagle Materials Stock Performance

NYSE EXP opened at $185.03 on Friday. The stock has a fifty day simple moving average of $204.69 and a 200-day simple moving average of $205.53. The company has a current ratio of 3.23, a quick ratio of 1.91 and a debt-to-equity ratio of 1.17. The stock has a market cap of $5.68 billion, a PE ratio of 14.63 and a beta of 1.36. Eagle Materials has a twelve month low of $171.99 and a twelve month high of $245.53.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Wednesday, July 29th. The construction company reported $3.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.37 by ($0.08). The company had revenue of $650.97 million during the quarter, compared to analysts’ expectations of $620.35 million. Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $3.76 earnings per share. Equities analysts anticipate that Eagle Materials will post 12.66 earnings per share for the current year.

Insider Buying and Selling at Eagle Materials

In other news, SVP Tony Thompson sold 3,074 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $203.96, for a total value of $626,973.04. Following the sale, the senior vice president directly owned 10,142 shares in the company, valued at approximately $2,068,562.32. This trade represents a 23.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Eagle Materials

Several hedge funds have recently added to or reduced their stakes in EXP. Clearstead Advisors LLC increased its position in shares of Eagle Materials by 266.7% in the 4th quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock valued at $27,000 after purchasing an additional 96 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Eagle Materials by 389.3% during the fourth quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock worth $28,000 after purchasing an additional 109 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Eagle Materials in the fourth quarter valued at $29,000. Measured Wealth Private Client Group LLC acquired a new stake in Eagle Materials in the third quarter valued at $34,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Eagle Materials by 102.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after buying an additional 87 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

About Eagle Materials

Eagle Materials Inc (NYSE: EXP) is a U.S.-based manufacturer of essential building materials used in residential, commercial and infrastructure construction. The company produces and distributes cement, ready-mix concrete, crushed stone and sand, as well as gypsum wallboard.

Its cement business supplies materials for concrete production and construction projects, while its concrete and aggregates operations provide ready-mix concrete and construction aggregates. Through its American Gypsum operations, Eagle Materials manufactures gypsum wallboard used in interior walls and ceilings.

Headquartered in Dallas, Texas, Eagle Materials serves regional construction markets primarily across the United States, with operations concentrated in states including Texas, Colorado, Nevada and Oklahoma.