Shares of Eagle Materials, Inc. (NYSE:EXP) have been assigned a consensus recommendation of “Buy” from the ten research firms that are presently covering the firm. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $81.67.
Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a report on Tuesday, December 27th. Citigroup Inc downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating in a report on Monday, December 5th.
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Eagle Materials (NYSE:EXP) opened at 99.14 on Thursday. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 23.98 and a beta of 1.36. The firm has a 50-day moving average of $103.64 and a 200 day moving average of $92.62. Eagle Materials has a 12-month low of $66.75 and a 12-month high of $110.64.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, January 24th. The company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.03. Eagle Materials had a net margin of 16.98% and a return on equity of 18.45%. The firm earned $302.40 million during the quarter, compared to analysts’ expectations of $304.87 million. During the same quarter last year, the business earned $0.92 earnings per share. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities analysts predict that Eagle Materials will post $4.18 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 12th. Shareholders of record on Thursday, April 13th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, April 11th. This represents a $0.40 annualized dividend and a yield of 0.40%. Eagle Materials’s dividend payout ratio (DPR) is currently 9.64%.
In other Eagle Materials news, CEO David B. Powers sold 22,000 shares of the firm’s stock in a transaction dated Friday, January 27th. The shares were sold at an average price of $106.49, for a total transaction of $2,342,780.00. Following the completion of the transaction, the chief executive officer now directly owns 74,034 shares in the company, valued at approximately $7,883,880.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director F William Barnett sold 19,454 shares of the firm’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $107.19, for a total transaction of $2,085,274.26. Following the transaction, the director now owns 29,859 shares of the company’s stock, valued at $3,200,586.21. The disclosure for this sale can be found here. Insiders have sold a total of 46,454 shares of company stock valued at $4,953,054 over the last 90 days. 5.50% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its stake in shares of Eagle Materials by 1.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,699 shares of the company’s stock worth $132,000 after buying an additional 24 shares during the period. Aperio Group LLC increased its stake in shares of Eagle Materials by 1.1% in the third quarter. Aperio Group LLC now owns 7,060 shares of the company’s stock worth $546,000 after buying an additional 75 shares during the period. AMI Investment Management Inc. increased its stake in shares of Eagle Materials by 0.4% in the third quarter. AMI Investment Management Inc. now owns 29,275 shares of the company’s stock worth $2,263,000 after buying an additional 110 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Eagle Materials by 9.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,373 shares of the company’s stock worth $133,000 after buying an additional 113 shares during the period. Finally, Advisor Group Inc. increased its stake in shares of Eagle Materials by 4.8% in the third quarter. Advisor Group Inc. now owns 2,957 shares of the company’s stock worth $195,000 after buying an additional 136 shares during the period. Hedge funds and other institutional investors own 91.85% 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.
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