Shares of Eagle Materials (NYSE:EXP) have earned a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $130.00.
Several equities research analysts have recently issued reports on the company. Citigroup assumed coverage on Eagle Materials in a research note on Tuesday, March 13th. They issued a “market perform” rating for the company. They noted that the move was a valuation call. Zacks Investment Research raised Eagle Materials from a “sell” rating to a “hold” rating in a research note on Monday, February 5th. Longbow Research raised Eagle Materials from a “neutral” rating to a “buy” rating in a research note on Friday, March 23rd. Stifel Nicolaus lowered their price objective on Eagle Materials from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, February 1st. Finally, Raymond James Financial assumed coverage on Eagle Materials in a research note on Tuesday, March 13th. They issued a “market perform” rating for the company.
Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its stake in shares of Eagle Materials by 4.8% during the 4th quarter. BlackRock Inc. now owns 4,247,685 shares of the construction company’s stock worth $481,262,000 after acquiring an additional 193,260 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Eagle Materials by 77.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,851,844 shares of the construction company’s stock worth $209,813,000 after acquiring an additional 805,668 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Eagle Materials by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 633,985 shares of the construction company’s stock worth $71,831,000 after acquiring an additional 30,762 shares during the last quarter. Hermes Investment Management Ltd. lifted its stake in shares of Eagle Materials by 2.6% during the 4th quarter. Hermes Investment Management Ltd. now owns 590,404 shares of the construction company’s stock worth $66,893,000 after acquiring an additional 14,788 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Eagle Materials by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 388,293 shares of the construction company’s stock worth $43,993,000 after acquiring an additional 5,841 shares during the last quarter. 96.04% of the stock is owned by hedge funds and other institutional investors.
NYSE:EXP opened at $98.37 on Tuesday. The company has a market capitalization of $4,849.85, a PE ratio of 23.26, a P/E/G ratio of 1.91 and a beta of 1.19. Eagle Materials has a 1 year low of $86.51 and a 1 year high of $122.49. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.44 and a quick ratio of 1.06.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Wednesday, January 31st. The construction company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.20. The business had revenue of $359.40 million during the quarter, compared to analyst estimates of $364.52 million. Eagle Materials had a return on equity of 18.66% and a net margin of 18.53%. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. During the same period last year, the company earned $1.17 EPS. research analysts expect that Eagle Materials will post 5.22 EPS for the current fiscal year.
The business 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. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Wednesday, April 11th. Eagle Materials’s payout ratio is 9.46%.
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About Eagle Materials
Eagle Materials Inc produces and sells construction products and building materials for use in residential, industrial, commercial, and infrastructure construction in the United States. It also produces materials used for oil and natural gas extraction. The company operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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