Eagle Materials Inc (EXP) Receives Consensus Recommendation of “Hold” from Analysts
Eagle Materials Inc (NYSE:EXP) has been given an average rating of “Hold” by the seven ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $105.00.
Several brokerages recently issued reports on EXP. BidaskClub upgraded Eagle Materials from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research downgraded Eagle Materials from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Standpoint Research upgraded Eagle Materials from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Citigroup Inc. upgraded Eagle Materials from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $115.00 to $110.00 in a research note on Monday, July 31st. Finally, Stephens upgraded Eagle Materials from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 30th.
In other Eagle Materials news, insider Gerald J. Essl sold 2,000 shares of Eagle Materials stock in a transaction on Friday, August 4th. The shares were sold at an average price of $93.40, for a total transaction of $186,800.00. Following the completion of the sale, the insider now owns 39,859 shares of the company’s stock, valued at approximately $3,722,830.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David B. Powers sold 11,317 shares of Eagle Materials stock in a transaction on Monday, August 7th. The shares were sold at an average price of $93.57, for a total transaction of $1,058,931.69. Following the sale, the chief executive officer now directly owns 106,580 shares of the company’s stock, valued at approximately $9,972,690.60. The disclosure for this sale can be found here. Insiders own 4.10% of the company’s stock.
Several large investors have recently modified their holdings of EXP. IFP Advisors Inc raised its stake in Eagle Materials by 38.1% in the first quarter. IFP Advisors Inc now owns 1,092 shares of the construction company’s stock valued at $106,000 after buying an additional 301 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Eagle Materials by 474.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,149 shares of the construction company’s stock worth $106,000 after buying an additional 949 shares in the last quarter. Pacad Investment Ltd. raised its position in Eagle Materials by 116.7% in the second quarter. Pacad Investment Ltd. now owns 1,300 shares of the construction company’s stock worth $120,000 after buying an additional 700 shares in the last quarter. Global X Management Co. LLC raised its position in Eagle Materials by 220.0% in the second quarter. Global X Management Co. LLC now owns 1,536 shares of the construction company’s stock worth $142,000 after buying an additional 1,056 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Eagle Materials by 8.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,868 shares of the construction company’s stock worth $173,000 after buying an additional 146 shares in the last quarter. 93.07% of the stock is owned by institutional investors.
Shares of Eagle Materials (NYSE:EXP) traded down 1.13% during trading on Friday, reaching $88.25. The company had a trading volume of 612,776 shares. The firm has a market capitalization of $4.28 billion, a P/E ratio of 20.52 and a beta of 1.23. Eagle Materials has a 12 month low of $73.27 and a 12 month high of $110.64. The firm’s 50 day moving average price is $92.04 and its 200 day moving average price is $96.93.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $1.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.17. The company had revenue of $366.10 million for the quarter, compared to analyst estimates of $369.68 million. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.93 EPS. Equities analysts predict that Eagle Materials will post $5.38 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Friday, October 6th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $0.40 annualized dividend and a yield of 0.45%. Eagle Materials’s dividend payout ratio (DPR) is 9.30%.
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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