Eagle Materials, Inc. (NYSE:EXP) – Equities researchers at Northcoast Research increased their Q4 2018 earnings estimates for Eagle Materials in a research report issued on Wednesday. Northcoast Research analyst K. Hocevar now expects that the construction company will earn $1.12 per share for the quarter, up from their previous estimate of $0.97.
Eagle Materials (NYSE:EXP) last posted its earnings results on Wednesday, January 31st. The construction company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. Eagle Materials had a return on equity of 18.66% and a net margin of 18.53%. The business had revenue of $359.40 million during the quarter, compared to analysts’ expectations of $364.52 million. During the same period in the prior year, the business earned $1.17 EPS. Eagle Materials’s revenue for the quarter was up 18.8% compared to the same quarter last year.
Eagle Materials (NYSE EXP) traded up $0.23 during trading hours on Friday, reaching $101.55. The company’s stock had a trading volume of 480,983 shares, compared to its average volume of 587,357. Eagle Materials has a 52-week low of $86.51 and a 52-week high of $122.49. The company has a current ratio of 2.44, a quick ratio of 1.06 and a debt-to-equity ratio of 0.40. The firm has a market cap of $4,950.00, a P/E ratio of 19.34, a P/E/G ratio of 2.53 and a beta of 1.17.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Shareholders of record on Thursday, April 12th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.39%. The ex-dividend date is Wednesday, April 11th. Eagle Materials’s payout ratio is 7.60%.
In related news, insider Gerald J. Essl sold 10,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $113.77, for a total value of $1,137,700.00. Following the transaction, the insider now owns 24,380 shares in the company, valued at $2,773,712.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $111.64, for a total value of $558,200.00. Following the completion of the transaction, the chief financial officer now owns 56,778 shares in the company, valued at approximately $6,338,695.92. The disclosure for this sale can be found here. Insiders have sold a total of 61,623 shares of company stock worth $6,930,994 in the last quarter. Company insiders own 4.10% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its stake in shares of Eagle Materials by 474.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,149 shares of the construction company’s stock valued at $106,000 after purchasing an additional 949 shares in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Eagle Materials during the third quarter valued at about $201,000. Cigna Investments Inc. New acquired a new stake in shares of Eagle Materials during the fourth quarter valued at about $205,000. HM Payson & Co. acquired a new stake in shares of Eagle Materials during the third quarter valued at about $225,000. Finally, Ingalls & Snyder LLC acquired a new stake in shares of Eagle Materials during the fourth quarter valued at about $234,000. 91.58% of the stock is currently owned by institutional investors and hedge funds.
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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.
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