Eagle Materials Hits New 52-Week High at $101.81 (EXP)
Eagle Materials (NYSE:EXP)’s share price hit a new 52-week high during trading on Friday , American Banking and Market News reports. The company traded as high as $101.81 and last traded at $101.57, with a volume of 88,166 shares traded. The stock had previously closed at $101.19.
A number of research firms have recently commented on EXP. Analysts at Zacks upgraded shares of Eagle Materials from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 21st. They now have a $99.30 price target on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of Eagle Materials to $124.00 in a research note on Friday, June 20th.
The stock’s 50-day moving average is $94.51 and its 200-day moving average is $89.18. The company has a market cap of $5.116 billion and a price-to-earnings ratio of 38.33.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.75 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.89 by $0.14. The company had revenue of $266.30 million for the quarter, compared to the consensus estimate of $274.68 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 17.3% on a year-over-year basis. Analysts expect that Eagle Materials will post $3.72 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 7th. Investors of record on Friday, October 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. The ex-dividend date is Wednesday, October 1st.
In other Eagle Materials news, Director F William Barnett unloaded 22,468 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $99.51, for a total transaction of $2,235,790.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Eagle Materials Inc (NYSE:EXP) is engaged in the manufacture and distribution of gypsum wallboard and the manufacture and sale of cement.
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