Shares of Eagle Materials, Inc. (NYSE:EXP) have been given a consensus rating of “Hold” by the sixteen analysts that are currently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $94.94.
A number of brokerages have recently issued reports on EXP. Northcoast Research upgraded shares of Eagle Materials from a “sell” rating to a “neutral” rating in a report on Friday. SunTrust Banks set a $95.00 price target on shares of Eagle Materials and gave the stock a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. cut their price target on shares of Eagle Materials from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, September 5th. Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and cut their price target for the stock from $106.00 to $92.00 in a report on Thursday, July 18th. Finally, Raymond James downgraded shares of Eagle Materials from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 31st.
In related news, insider Keith W. Metcalf sold 10,980 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $81.33, for a total transaction of $893,003.40. Following the completion of the transaction, the insider now owns 58,087 shares of the company’s stock, valued at approximately $4,724,215.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David B. Powers sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $85.00, for a total transaction of $1,700,000.00. Following the transaction, the director now directly owns 86,840 shares of the company’s stock, valued at approximately $7,381,400. The disclosure for this sale can be found here. Insiders have sold a total of 44,452 shares of company stock valued at $3,704,207 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Penserra Capital Management LLC purchased a new position in Eagle Materials in the 1st quarter valued at approximately $31,000. Transamerica Financial Advisors Inc. purchased a new position in Eagle Materials in the 2nd quarter valued at approximately $71,000. Griffin Asset Management Inc. purchased a new position in Eagle Materials in the 2nd quarter valued at approximately $166,000. NN Investment Partners Holdings N.V. purchased a new position in Eagle Materials in the 2nd quarter valued at approximately $174,000. Finally, HM Payson & Co. purchased a new position in Eagle Materials in the 2nd quarter valued at approximately $196,000.
Shares of NYSE EXP opened at $90.77 on Tuesday. The company has a 50 day simple moving average of $83.80 and a 200-day simple moving average of $85.20. The company has a market capitalization of $3.71 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.69 and a beta of 1.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.42 and a quick ratio of 1.05. Eagle Materials has a 1 year low of $57.00 and a 1 year high of $93.18.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.27). The firm had revenue of $370.60 million for the quarter, compared to analyst estimates of $376.95 million. Eagle Materials had a return on equity of 17.21% and a net margin of 3.20%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.38 EPS. As a group, research analysts expect that Eagle Materials will post 5.22 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, October 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. Eagle Materials’s payout ratio is currently 7.92%.
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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