Shares of Eagle Materials (NYSE:EXP) have been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $130.00.
A number of equities analysts recently weighed in on the company. Longbow Research upgraded Eagle Materials from a “neutral” rating to a “buy” rating in a research report on Friday. Citigroup assumed coverage on Eagle Materials in a research report on Tuesday, March 13th. They issued a “market perform” rating for the company. They noted that the move was a valuation call. Raymond James Financial assumed coverage on Eagle Materials in a research report on Tuesday, March 13th. They issued a “market perform” rating for the company. Zacks Investment Research upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Finally, Stifel Nicolaus decreased their price target on Eagle Materials from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Thursday, February 1st.
Several large investors have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. boosted its position in Eagle Materials by 137.2% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,982 shares of the construction company’s stock worth $426,000 after acquiring an additional 2,303 shares during the period. Ameriprise Financial Inc. boosted its position in Eagle Materials by 67.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 286,810 shares of the construction company’s stock worth $30,601,000 after acquiring an additional 115,968 shares during the period. Hermes Investment Management Ltd. boosted its position in Eagle Materials by 2.6% during the 4th quarter. Hermes Investment Management Ltd. now owns 590,404 shares of the construction company’s stock worth $66,893,000 after acquiring an additional 14,788 shares during the period. Sowell Financial Services LLC acquired a new stake in Eagle Materials during the 4th quarter worth about $566,000. Finally, Rhumbline Advisers boosted its position in Eagle Materials by 12.3% during the 3rd quarter. Rhumbline Advisers now owns 115,449 shares of the construction company’s stock worth $12,318,000 after acquiring an additional 12,631 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.
Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Wednesday, January 31st. The construction company reported $1.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.20. Eagle Materials had a return on equity of 18.66% and a net margin of 18.53%. The business had revenue of $359.40 million during the quarter, compared to analyst estimates of $364.52 million. During the same quarter last year, the company posted $1.17 EPS. Eagle Materials’s revenue for the quarter was up 18.8% on a year-over-year basis. equities analysts anticipate that Eagle Materials will post 5.48 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, April 12th will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, April 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. Eagle Materials’s dividend payout ratio (DPR) is 7.59%.
Eagle Materials Company Profile
Eagle Materials Inc produces and sells construction products and building materials for use in residential, industrial, commercial, and infrastructure construction in the United States. It also produces materials used for oil and natural gas extraction. The company operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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