Zacks Investment Research upgraded shares of Eagle Materials (NYSE:EXP) from a sell rating to a hold rating in a research report released on Monday, February 5th.
According to Zacks, “Eagle Materials Inc. manufactures and distributes Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants from more than 75 facilities across the US. The Company’s Cement and Concrete and Aggregates segments participate in the construction products sector; Gypsum Wallboard and Recycled Paperboard segments participate in the building materials sector; and Oil and Gas Proppants segment participates in the oil and gas exploration sector. Eagle Materials manufactures and distributes concrete and aggregates products that are used in highway construction and maintenance and to construct residential and commercial buildings. Eagle operates aggregates quarries and concrete plants in central Texas, northern California, Kansas and Missouri. Eagle Materials is committed to building a low delivered-cost Northern white sand supply system for the energy sector. “
EXP has been the topic of several other research reports. Stifel Nicolaus raised their target price on shares of Eagle Materials from $120.00 to $135.00 and gave the company a buy rating in a research note on Wednesday, December 6th. Citigroup raised their target price on shares of Eagle Materials from $121.00 to $140.00 and gave the company a buy rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $135.00.
Eagle Materials (NYSE:EXP) opened at $103.57 on Monday. The company has a market cap of $5,027.98, a PE ratio of 20.70, a price-to-earnings-growth ratio of 2.45 and a beta of 1.17. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.06 and a current ratio of 2.44. Eagle Materials has a 52 week low of $86.51 and a 52 week high of $122.49.
Eagle Materials (NYSE:EXP) last released its earnings results on Wednesday, January 31st. The construction company reported $1.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.43 by $0.20. The firm had revenue of $359.40 million for the quarter, compared to analysts’ expectations of $364.52 million. Eagle Materials had a net margin of 18.53% and a return on equity of 18.66%. Eagle Materials’s quarterly revenue was up 18.8% on a year-over-year basis. During the same quarter last year, the company earned $1.17 EPS. equities research analysts forecast that Eagle Materials will post 5.27 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Stockholders of record on Thursday, April 12th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, April 11th. This represents a $0.40 annualized dividend and a dividend yield of 0.39%. Eagle Materials’s dividend payout ratio is currently 7.59%.
In other news, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $111.64, for a total value of $558,200.00. Following the transaction, the chief financial officer now owns 56,778 shares of the company’s stock, valued at approximately $6,338,695.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gerald J. Essl sold 10,000 shares of Eagle Materials stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $113.77, for a total transaction of $1,137,700.00. Following the completion of the transaction, the insider now directly owns 24,380 shares in the company, valued at approximately $2,773,712.60. The disclosure for this sale can be found here. Insiders sold a total of 61,623 shares of company stock worth $6,930,994 in the last ninety days. Corporate insiders own 4.10% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in EXP. Tower Research Capital LLC TRC boosted its holdings in shares of Eagle Materials by 474.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,149 shares of the construction company’s stock worth $106,000 after purchasing an additional 949 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Eagle Materials during the third quarter worth approximately $201,000. Cigna Investments Inc. New acquired a new stake in shares of Eagle Materials during the fourth quarter worth approximately $205,000. MML Investors Services LLC acquired a new stake in shares of Eagle Materials during the fourth quarter worth approximately $215,000. Finally, HM Payson & Co. acquired a new stake in shares of Eagle Materials during the third quarter worth approximately $225,000. Institutional investors own 91.37% 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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