Eagle Materials, Inc. (NYSE:EXP) – Equities research analysts at Northcoast Research boosted their Q4 2018 earnings per share estimates for Eagle Materials in a research report issued on Wednesday. Northcoast Research analyst K. Hocevar now anticipates that the construction company will post earnings of $1.12 per share for the quarter, up from their prior forecast of $0.97.

Eagle Materials (NYSE:EXP) last issued its earnings results on Wednesday, January 31st. The construction company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.20. The company had revenue of $359.40 million during the quarter, compared to analysts’ expectations of $364.52 million. Eagle Materials had a return on equity of 18.66% and a net margin of 18.53%. Eagle Materials’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 EPS.

Other equities research analysts have also recently issued reports about the company. Citigroup increased their target price on Eagle Materials from $121.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Stifel Nicolaus dropped their price objective on Eagle Materials from $135.00 to $130.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Finally, Zacks Investment Research upgraded Eagle Materials from a “sell” rating to a “hold” rating in a report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Eagle Materials has a consensus rating of “Hold” and an average price target of $135.00.

Shares of Eagle Materials (NYSE:EXP) traded up $0.23 during mid-day trading on Friday, reaching $101.55. The company had a trading volume of 480,983 shares, compared to its average volume of 587,357. The stock has a market cap of $4,950.00, a PE ratio of 19.34, a PEG ratio of 2.53 and a beta of 1.17. Eagle Materials has a 52 week low of $86.51 and a 52 week high of $122.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.44 and a quick ratio of 1.06.

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in shares of Eagle Materials by 474.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,149 shares of the construction company’s stock worth $106,000 after acquiring an additional 949 shares in the last quarter. Cigna Investments Inc. New bought a new position in shares of Eagle Materials in the 4th quarter worth approximately $205,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of Eagle Materials in the 3rd quarter worth approximately $201,000. Ingalls & Snyder LLC bought a new position in shares of Eagle Materials in the 4th quarter worth approximately $234,000. Finally, HM Payson & Co. bought a new position in shares of Eagle Materials in the 3rd quarter worth approximately $225,000. 91.58% of the stock is owned by hedge funds and other institutional investors.

In other Eagle Materials news, EVP Robert S. Stewart sold 29,892 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $111.77, for a total value of $3,341,028.84. Following the completion of the sale, the executive vice president now owns 34,323 shares in the company, valued at approximately $3,836,281.71. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Dale Craig Kesler sold 5,000 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now owns 56,778 shares of the company’s stock, valued at approximately $6,338,695.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,623 shares of company stock valued at $6,930,994. Company insiders own 4.10% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Shareholders of record on Thursday, April 12th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.39%. The ex-dividend date is Wednesday, April 11th. Eagle Materials’s dividend payout ratio (DPR) is currently 7.60%.

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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.

Earnings History and Estimates for Eagle Materials (NYSE:EXP)

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