Eagle Materials, Inc. (NYSE:EXP)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $79.53 and last traded at $80.54, with a volume of 46917 shares changing hands. The stock had previously closed at $80.76.

Several brokerages recently commented on EXP. Standpoint Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a report on Friday. Jefferies Financial Group restated a “buy” rating and issued a $125.00 target price on shares of Eagle Materials in a research note on Thursday, October 4th. Macquarie assumed coverage on shares of Eagle Materials in a research note on Wednesday, September 26th. They issued a “buy” rating and a $105.00 target price on the stock. ValuEngine downgraded shares of Eagle Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, August 29th. Finally, Zacks Investment Research downgraded shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 14th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $122.57.

The company has a current ratio of 2.61, a quick ratio of 1.34 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $4.07 billion, a P/E ratio of 18.78, a PEG ratio of 0.91 and a beta of 1.05.

Eagle Materials (NYSE:EXP) last issued its earnings results on Monday, July 30th. The construction company reported $1.54 EPS for the quarter, missing the Zacks’ consensus estimate of $1.56 by ($0.02). The company had revenue of $393.80 million during the quarter, compared to the consensus estimate of $402.34 million. Eagle Materials had a return on equity of 18.77% and a net margin of 18.96%. Eagle Materials’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 earnings per share. Equities analysts forecast that Eagle Materials, Inc. will post 6.14 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Friday, October 5th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $0.40 dividend on an annualized basis and a yield of 0.50%. Eagle Materials’s dividend payout ratio is currently 9.48%.

A number of hedge funds have recently modified their holdings of EXP. PNC Financial Services Group Inc. lifted its position in shares of Eagle Materials by 6.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,876 shares of the construction company’s stock worth $811,000 after purchasing an additional 509 shares during the period. Advisory Services Network LLC lifted its position in shares of Eagle Materials by 4.5% in the 2nd quarter. Advisory Services Network LLC now owns 12,881 shares of the construction company’s stock worth $1,362,000 after purchasing an additional 560 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Eagle Materials by 31.8% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,580 shares of the construction company’s stock worth $271,000 after purchasing an additional 622 shares during the period. Amalgamated Bank lifted its position in shares of Eagle Materials by 6.5% in the 1st quarter. Amalgamated Bank now owns 10,523 shares of the construction company’s stock worth $1,084,000 after purchasing an additional 644 shares during the period. Finally, Parsons Capital Management Inc. RI lifted its position in shares of Eagle Materials by 6.9% in the 1st quarter. Parsons Capital Management Inc. RI now owns 10,075 shares of the construction company’s stock worth $1,038,000 after purchasing an additional 650 shares during the period. Institutional investors and hedge funds own 93.54% of the company’s stock.

About Eagle Materials (NYSE:EXP)

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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