Eagle Materials Inc (EXP) Given Average Recommendation of “Buy” by Analysts
Eagle Materials Inc (NYSE:EXP) has been given an average rating of “Buy” by the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $100.00.
EXP has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a report on Thursday, May 11th. Stephens raised shares of Eagle Materials from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 30th.
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In other news, EVP James H. Graass sold 10,000 shares of Eagle Materials stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $101.00, for a total transaction of $1,010,000.00. Following the sale, the executive vice president now owns 69,653 shares of the company’s stock, valued at $7,034,953. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David B. Powers sold 11,000 shares of Eagle Materials stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $99.03, for a total value of $1,089,330.00. Following the sale, the chief executive officer now directly owns 73,400 shares in the company, valued at approximately $7,268,802. The disclosure for this sale can be found here. Company insiders own 4.10% of the company’s stock.
Several large investors have recently added to or reduced their stakes in EXP. Bank of Montreal Can boosted its stake in Eagle Materials by 0.3% in the second quarter. Bank of Montreal Can now owns 6,304 shares of the construction company’s stock worth $583,000 after buying an additional 17 shares during the period. RPG Investment Advisory LLC boosted its stake in Eagle Materials by 0.3% in the first quarter. RPG Investment Advisory LLC now owns 7,308 shares of the construction company’s stock worth $709,000 after buying an additional 21 shares during the period. Greenwood Capital Associates LLC boosted its stake in Eagle Materials by 1.2% in the first quarter. Greenwood Capital Associates LLC now owns 2,431 shares of the construction company’s stock worth $236,000 after buying an additional 29 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in Eagle Materials by 0.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 8,343 shares of the construction company’s stock worth $810,000 after buying an additional 33 shares during the period. Finally, Coldstream Capital Management Inc. boosted its stake in Eagle Materials by 2.5% in the first quarter. Coldstream Capital Management Inc. now owns 2,265 shares of the construction company’s stock worth $220,000 after buying an additional 55 shares during the period. 92.66% of the stock is currently owned by institutional investors.
Eagle Materials (EXP) traded up 2.20% during midday trading on Tuesday, reaching $93.92. The company’s stock had a trading volume of 479,064 shares. Eagle Materials has a 52 week low of $73.27 and a 52 week high of $110.64. The firm’s 50-day moving average price is $93.40 and its 200-day moving average price is $98.23. The stock has a market capitalization of $4.56 billion, a PE ratio of 22.91 and a beta of 1.23.
Eagle Materials (NYSE:EXP) last issued its earnings results on Thursday, May 18th. The construction company reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.03. Eagle Materials had a net margin of 16.36% and a return on equity of 18.07%. The firm had revenue of $278.60 million for the quarter, compared to analysts’ expectations of $271.18 million. During the same quarter last year, the company posted $0.80 earnings per share. Eagle Materials’s revenue was up 10.5% on a year-over-year basis. On average, analysts anticipate that Eagle Materials will post $5.41 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Wednesday, June 21st were issued a $0.10 dividend. The ex-dividend date was Monday, June 19th. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. Eagle Materials’s dividend payout ratio is currently 9.76%.
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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