Eagle Materials Inc (NYSE:EXP) has been given an average recommendation of “Hold” by the six analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $110.00.
A number of analysts have recently commented on EXP shares. Zacks Investment Research cut Eagle Materials from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Stephens upgraded Eagle Materials from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 30th. BidaskClub cut Eagle Materials from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, Citigroup Inc. upgraded Eagle Materials from a “neutral” rating to a “buy” rating and cut their target price for the stock from $115.00 to $110.00 in a research report on Monday, July 31st.
Eagle Materials (EXP) traded up 1.34% during mid-day trading on Wednesday, reaching $101.86. The company’s stock had a trading volume of 717,540 shares. The stock’s 50 day moving average is $93.93 and its 200 day moving average is $95.69. Eagle Materials has a one year low of $73.27 and a one year high of $110.64. The firm has a market cap of $4.94 billion, a PE ratio of 23.68 and a beta of 1.18.
Eagle Materials (NYSE:EXP) last posted its earnings results on Thursday, July 27th. The construction company reported $1.17 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.17. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. The business had revenue of $366.10 million for the quarter, compared to analysts’ expectations of $369.68 million. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The business’s revenue was up 23.1% compared to the same quarter last year. On average, analysts anticipate that Eagle Materials will post $5.38 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Friday, October 6th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date is Thursday, October 5th. Eagle Materials’s dividend payout ratio (DPR) is currently 9.30%.
In related news, EVP Robert S. Stewart sold 6,534 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $101.27, for a total value of $661,698.18. Following the transaction, the executive vice president now owns 66,037 shares in the company, valued at approximately $6,687,566.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $101.40, for a total value of $507,000.00. Following the completion of the transaction, the chief financial officer now owns 61,778 shares in the company, valued at approximately $6,264,289.20. The disclosure for this sale can be found here. Insiders have sold 69,774 shares of company stock worth $6,798,741 in the last quarter. Insiders own 4.10% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC increased its position in Eagle Materials by 22.5% in the 2nd quarter. Advisory Services Network LLC now owns 11,316 shares of the construction company’s stock valued at $1,046,000 after acquiring an additional 2,075 shares during the period. Westwood Holdings Group Inc. increased its position in Eagle Materials by 0.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 661,572 shares of the construction company’s stock valued at $61,049,000 after acquiring an additional 4,883 shares during the period. Ameritas Investment Partners Inc. increased its position in Eagle Materials by 1.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,525 shares of the construction company’s stock valued at $1,342,000 after acquiring an additional 254 shares during the period. Nomura Holdings Inc. increased its position in Eagle Materials by 24.5% in the 2nd quarter. Nomura Holdings Inc. now owns 11,357 shares of the construction company’s stock valued at $1,050,000 after acquiring an additional 2,235 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in Eagle Materials by 474.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,149 shares of the construction company’s stock valued at $106,000 after acquiring an additional 949 shares during the period. Hedge funds and other institutional investors own 91.08% of the company’s stock.
About Eagle Materials
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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