Shares of Eagle Materials Inc. (NYSE:EXP) have been assigned a consensus rating of “Buy” from the eleven ratings firms that are currently covering the firm. Two equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $81.20.
Several research firms have recently issued reports on EXP. DA Davidson lowered their price target on Eagle Materials from $100.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, July 26th. CL King downgraded Eagle Materials from a “strong-buy” rating to a “neutral” rating in a report on Tuesday, July 26th. Zacks Investment Research upgraded Eagle Materials from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a report on Tuesday, July 26th. Finally, Standpoint Research downgraded Eagle Materials from a “buy” rating to a “hold” rating in a report on Friday, July 22nd.
Shares of Eagle Materials (NYSE:EXP) opened at 79.98 on Tuesday. The firm’s 50-day moving average is $78.70 and its 200-day moving average is $77.38. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 24.78 and a beta of 1.47. Eagle Materials has a 52 week low of $45.03 and a 52 week high of $87.57.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Monday, July 25th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.07. The firm earned $297 million during the quarter, compared to analyst estimates of $295.49 million. Eagle Materials had a return on equity of 17.68% and a net margin of 13.85%. Eagle Materials’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS. Equities research analysts predict that Eagle Materials will post $4.34 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders of record on Friday, October 7th will be paid a dividend of $0.10 per share. 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 0.50%. Eagle Materials’s dividend payout ratio is currently 12.35%.
In other Eagle Materials news, Director F William Barnett sold 16,221 shares of the business’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $85.77, for a total transaction of $1,391,275.17. Following the completion of the sale, the director now directly owns 7,519 shares in the company, valued at approximately $644,904.63. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Robert S. Stewart sold 12,098 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $85.08, for a total value of $1,029,297.84. Following the sale, the executive vice president now owns 66,779 shares of the company’s stock, valued at $5,681,557.32. The disclosure for this sale can be found here. Company insiders own 5.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in EXP. Tower Research Capital LLC TRC increased its stake in 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 in the last quarter. M&T Bank Corp purchased a new stake in Eagle Materials during the second quarter worth about $201,000. Independent Portfolio Consultants Inc. purchased a new stake in Eagle Materials during the third quarter worth about $204,000. PNC Financial Services Group Inc. increased its stake in 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 in the last quarter. Finally, Advisor Group Inc. purchased a new stake in Eagle Materials during the second quarter worth about $216,000. Institutional investors and hedge funds 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.
Receive News & Ratings for Eagle Materials Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Materials Inc. and related companies with MarketBeat.com's FREE daily email newsletter.