Eagle Materials, Inc. (NYSE:EXP)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $76.57 and last traded at $77.54, with a volume of 39172 shares trading hands. The stock had previously closed at $79.87.

Several research firms have recently weighed in on EXP. ValuEngine cut Eagle Materials from a “sell” rating to a “strong sell” rating in a report on Wednesday. Standpoint Research upgraded Eagle Materials from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Jefferies Financial Group reiterated a “buy” rating and set a $125.00 price objective on shares of Eagle Materials in a report on Thursday, October 4th. Macquarie began coverage on Eagle Materials in a report on Wednesday, September 26th. They set a “buy” rating and a $105.00 price objective on the stock. Finally, Zacks Investment Research cut Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 14th. Two analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $122.57.

The company has a market cap of $4.07 billion, a P/E ratio of 17.61, a P/E/G ratio of 0.91 and a beta of 1.05. The company has a quick ratio of 1.34, a current ratio of 2.61 and a debt-to-equity ratio of 0.45.

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

The company 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. This represents a $0.40 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Thursday, October 4th. Eagle Materials’s payout ratio is 9.48%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its stake in Eagle Materials by 12.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,532,411 shares of the construction company’s stock valued at $265,826,000 after acquiring an additional 273,645 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Eagle Materials by 4.5% in the 2nd quarter. Wells Fargo & Company MN now owns 722,005 shares of the construction company’s stock valued at $75,790,000 after acquiring an additional 31,286 shares in the last quarter. Hermes Investment Management Ltd. lifted its stake in Eagle Materials by 9.9% in the 2nd quarter. Hermes Investment Management Ltd. now owns 692,314 shares of the construction company’s stock valued at $72,672,000 after acquiring an additional 62,329 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Eagle Materials by 14.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 630,692 shares of the construction company’s stock valued at $66,204,000 after acquiring an additional 80,901 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Eagle Materials by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 439,432 shares of the construction company’s stock valued at $45,283,000 after acquiring an additional 16,230 shares in the last quarter. Hedge funds and other institutional investors 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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