Eagle Materials Inc (EXP) Given Average Rating of “Buy” by Analysts
Eagle Materials Inc (NYSE:EXP) has been assigned an average rating of “Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $102.00.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised Eagle Materials from a “hold” rating to a “buy” rating and set a $104.00 price objective on the stock in a research note on Tuesday. Stephens raised Eagle Materials from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 30th.
Shares of Eagle Materials (NYSE:EXP) traded up 1.55% during midday trading on Friday, reaching $92.13. The company had a trading volume of 321,747 shares. The stock has a 50-day moving average of $95.63 and a 200 day moving average of $99.04. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 22.47 and a beta of 1.29. Eagle Materials has a 52 week low of $73.27 and a 52 week high of $110.64.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Thursday, May 18th. The construction company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.03. Eagle Materials had a return on equity of 18.07% and a net margin of 16.36%. The company had revenue of $278.60 million for the quarter, compared to analysts’ expectations of $271.18 million. During the same period in the previous year, the firm posted $0.80 earnings per share. The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, analysts anticipate that Eagle Materials will post $5.40 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Wednesday, June 21st will be given a dividend of $0.10 per share. The ex-dividend date is Monday, June 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. Eagle Materials’s dividend payout ratio (DPR) is presently 9.76%.
In other Eagle Materials news, CEO David B. Powers sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $99.03, for a total transaction of $1,089,330.00. Following the completion of the transaction, the chief executive officer now owns 73,400 shares in the company, valued at $7,268,802. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James H. Graass sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $101.00, for a total value of $1,010,000.00. Following the transaction, the executive vice president now owns 69,653 shares of the company’s stock, valued at approximately $7,034,953. The disclosure for this sale can be found here. 4.10% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in shares of Eagle Materials during the fourth quarter valued at about $3,253,000. Marshall Wace LLP acquired a new position in shares of Eagle Materials during the fourth quarter valued at about $219,000. Janus Capital Management LLC raised its position in shares of Eagle Materials by 361.9% in the fourth quarter. Janus Capital Management LLC now owns 18,574 shares of the construction company’s stock valued at $1,830,000 after buying an additional 14,553 shares during the period. Guggenheim Capital LLC raised its position in shares of Eagle Materials by 1.6% in the fourth quarter. Guggenheim Capital LLC now owns 104,125 shares of the construction company’s stock valued at $10,259,000 after buying an additional 1,679 shares during the period. Finally, AQR Capital Management LLC acquired a new position in shares of Eagle Materials during the fourth quarter valued at about $681,000. Institutional investors and hedge funds own 93.14% 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.
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.