Eagle Materials Inc (NYSE:EXP) SVP William R. Devlin sold 7,183 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $107.00, for a total transaction of $768,581.00. Following the sale, the senior vice president now directly owns 28,321 shares in the company, valued at approximately $3,030,347. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Eagle Materials Inc (NYSE EXP) opened at $103.59 on Friday. The company has a market cap of $5,037.06, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 2.56 and a beta of 1.28. Eagle Materials Inc has a one year low of $86.51 and a one year high of $110.98. The company has a quick ratio of 0.94, a current ratio of 2.02 and a debt-to-equity ratio of 0.44.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.22). The company had revenue of $376.30 million during the quarter, compared to analysts’ expectations of $412.84 million. Eagle Materials had a net margin of 15.93% and a return on equity of 17.75%. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 earnings per share. equities research analysts anticipate that Eagle Materials Inc will post 5.06 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, December 22nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 21st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. Eagle Materials’s dividend payout ratio (DPR) is presently 9.17%.
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A number of analysts recently weighed in on EXP shares. Zacks Investment Research lowered shares of Eagle Materials from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Citigroup Inc. upgraded shares of Eagle Materials from a “neutral” rating to a “buy” rating and cut their target price for the stock from $115.00 to $110.00 in a research note on Monday, July 31st. BidaskClub upgraded shares of Eagle Materials from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Standpoint Research upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Eagle Materials currently has an average rating of “Hold” and an average target price of $110.00.
Several institutional investors and hedge funds have recently made changes to their positions in EXP. BlackRock Inc. grew its position in shares of Eagle Materials by 16,628.1% during the first quarter. BlackRock Inc. now owns 3,951,353 shares of the construction company’s stock worth $383,836,000 after acquiring an additional 3,927,732 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Eagle Materials by 19.7% during the third quarter. JPMorgan Chase & Co. now owns 2,822,368 shares of the construction company’s stock worth $303,320,000 after acquiring an additional 464,534 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Eagle Materials by 928.1% during the second quarter. Renaissance Technologies LLC now owns 464,700 shares of the construction company’s stock worth $42,948,000 after acquiring an additional 419,500 shares during the last quarter. FMR LLC grew its position in shares of Eagle Materials by 9.1% during the second quarter. FMR LLC now owns 4,407,131 shares of the construction company’s stock worth $407,307,000 after acquiring an additional 367,661 shares during the last quarter. Finally, Marshall Wace North America L.P. grew its position in shares of Eagle Materials by 316.8% during the second quarter. Marshall Wace North America L.P. now owns 359,705 shares of the construction company’s stock worth $33,093,000 after acquiring an additional 273,405 shares during the last quarter. Institutional investors and hedge funds own 88.01% of the company’s stock.
Eagle Materials Company Profile
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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