Eagle Materials Inc (EXP) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Eagle Materials Inc (NYSE:EXP) have received a consensus recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $105.00.
Several analysts recently commented on EXP shares. Zacks Investment Research downgraded shares of Eagle Materials from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Stephens raised shares of Eagle Materials from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 30th. Standpoint Research raised shares of Eagle Materials from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, BidaskClub raised shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th.
In other Eagle Materials news, insider Gerald J. Essl sold 2,000 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $93.40, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David B. Powers sold 11,317 shares of the business’s stock in a transaction dated 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 completion of 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 have sold a total of 69,774 shares of company stock valued at $6,798,741 in the last ninety days. 4.10% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. boosted its holdings in Eagle Materials by 8.4% in the 2nd quarter. American Century Companies Inc. now owns 180,992 shares of the construction company’s stock valued at $16,727,000 after purchasing an additional 14,020 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Eagle Materials by 10.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 11,544 shares of the construction company’s stock valued at $1,067,000 after purchasing an additional 1,052 shares during the period. Prudential Financial Inc. boosted its holdings in Eagle Materials by 39.7% in the 2nd quarter. Prudential Financial Inc. now owns 419,711 shares of the construction company’s stock valued at $38,789,000 after purchasing an additional 119,184 shares during the period. Vanguard Group Inc. boosted its holdings in Eagle Materials by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 3,742,598 shares of the construction company’s stock valued at $363,557,000 after purchasing an additional 179,308 shares during the period. Finally, Barings LLC bought a new stake in Eagle Materials in the 1st quarter valued at about $1,865,000. 91.08% of the stock is owned by hedge funds and other institutional investors.
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Eagle Materials (EXP) traded down 1.50% during midday trading on Wednesday, hitting $101.05. 634,057 shares of the company traded hands. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 23.49 and a beta of 1.18. The stock’s 50-day moving average price is $93.24 and its 200 day moving average price is $95.64. Eagle Materials has a 12-month low of $73.27 and a 12-month high of $110.64.
Eagle Materials (NYSE:EXP) last announced its earnings results on Thursday, July 27th. The construction company reported $1.17 EPS for the quarter, hitting the consensus estimate of $1.17. The business had revenue of $366.10 million during the quarter, compared to the consensus estimate of $369.68 million. Eagle Materials had a net margin of 16.23% and a return on equity of 18.29%. Eagle Materials’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 EPS. On average, equities analysts forecast that Eagle Materials will post $5.38 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Friday, October 6th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. The ex-dividend date is Thursday, October 5th. Eagle Materials’s payout ratio is 9.30%.
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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