Eagle Materials Inc (NYSE:EXP) declared a quarterly dividend on Wednesday, November 1st, RTT News reports. Investors of record on Friday, December 22nd will be paid a dividend of 0.10 per share by the construction company on Friday, January 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Thursday, December 21st.
Eagle Materials has a payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Eagle Materials to earn $6.28 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 6.4%.
Eagle Materials (EXP) traded up $2.49 during mid-day trading on Thursday, reaching $119.32. 398,978 shares of the company’s stock traded hands, compared to its average volume of 469,760. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.02 and a quick ratio of 0.94. The company has a market capitalization of $5,680.00, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 2.98 and a beta of 1.29. Eagle Materials has a 12 month low of $86.51 and a 12 month high of $119.83.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.22). The firm had revenue of $376.30 million during the quarter, compared to analyst estimates of $412.84 million. Eagle Materials had a return on equity of 17.75% and a net margin of 15.93%. Eagle Materials’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 earnings per share. sell-side analysts expect that Eagle Materials will post 4.97 earnings per share for the current fiscal year.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Eagle Materials from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. Stifel Nicolaus upped their target price on shares of Eagle Materials from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 6th. Finally, Standpoint Research lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Eagle Materials has a consensus rating of “Hold” and a consensus price target of $122.50.
In related news, COO Michael Haack sold 6,731 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $115.00, for a total value of $774,065.00. Following the sale, the chief operating officer now directly owns 28,136 shares in the company, valued at approximately $3,235,640. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gerald J. Essl sold 10,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $113.77, for a total transaction of $1,137,700.00. Following the completion of the sale, the insider now owns 24,380 shares in the company, valued at $2,773,712.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,165 shares of company stock worth $9,438,175. Corporate insiders own 4.10% of the company’s stock.
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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.
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