Stock Traders Purchase Large Volume of Call Options on Eagle Materials (NYSE:EXP)

Eagle Materials, Inc. (NYSE:EXP) saw unusually large options trading on Wednesday. Traders acquired 2,002 call options on the company. This represents an increase of approximately 1,626% compared to the average daily volume of 116 call options.

Shares of EXP opened at $85.68 on Thursday. Eagle Materials has a 12 month low of $57.00 and a 12 month high of $115.75. The company has a quick ratio of 0.85, a current ratio of 2.38 and a debt-to-equity ratio of 0.54. The firm has a market cap of $3.86 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.54 and a beta of 1.31.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Thursday, May 16th. The construction company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.79 by $0.08. Eagle Materials had a return on equity of 17.82% and a net margin of 4.94%. The firm had revenue of $284.70 million during the quarter, compared to analyst estimates of $278.70 million. During the same quarter in the prior year, the business posted $0.76 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. Analysts forecast that Eagle Materials will post 5.66 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 21st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Thursday, June 20th. Eagle Materials’s payout ratio is 7.92%.

A number of research firms have weighed in on EXP. Citigroup upped their target price on Eagle Materials from $101.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Raymond James upped their target price on Eagle Materials from $95.00 to $97.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Zacks Investment Research upgraded Eagle Materials from a “sell” rating to a “hold” rating in a report on Friday, May 17th. TheStreet lowered Eagle Materials from a “b” rating to a “c+” rating in a report on Friday, May 17th. Finally, ValuEngine upgraded Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, March 30th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $102.68.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC acquired a new position in shares of Eagle Materials in the 1st quarter valued at $31,000. Cresset Asset Management LLC acquired a new position in shares of Eagle Materials in the 1st quarter valued at $48,000. Quadrant Capital Group LLC increased its position in shares of Eagle Materials by 294.6% in the 1st quarter. Quadrant Capital Group LLC now owns 1,180 shares of the construction company’s stock valued at $97,000 after acquiring an additional 881 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Eagle Materials in the 4th quarter valued at $95,000. Finally, Coldstream Capital Management Inc. acquired a new position in shares of Eagle Materials in the 1st quarter valued at $207,000. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

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About Eagle Materials

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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