Eagle Materials Inc. (EXP) to Issue Quarterly Dividend of $0.10 on November 10th
Eagle Materials Inc. (NYSE:EXP) announced a quarterly dividend on Monday, August 8th. Shareholders of record on Friday, October 7th will be paid a dividend of 0.10 per share on Thursday, November 10th. This represents a $0.40 annualized dividend and a yield of 0.51%. The ex-dividend date is Wednesday, October 5th.
Shares of Eagle Materials (NYSE:EXP) opened at 78.32 on Friday. Eagle Materials has a 12 month low of $45.03 and a 12 month high of $87.57. The company has a market capitalization of $3.78 billion, a PE ratio of 24.27 and a beta of 1.53. The firm has a 50-day moving average of $79.44 and a 200 day moving average of $76.95.
Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Monday, July 25th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.07. The business had revenue of $297 million for the quarter, compared to analysts’ expectations of $295.49 million. Eagle Materials had a return on equity of 17.68% and a net margin of 13.85%. Eagle Materials’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 earnings per share. On average, equities research analysts expect that Eagle Materials will post $4.35 earnings per share for the current fiscal year.
In other Eagle Materials news, Director F William Barnett sold 16,221 shares of the company’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $85.77, for a total value of $1,391,275.17. Following the sale, the director now directly owns 7,519 shares in the company, valued at $644,904.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert S. Stewart sold 12,098 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $85.08, for a total value of $1,029,297.84. Following the completion of the sale, the executive vice president now owns 66,779 shares in the company, valued at $5,681,557.32. The disclosure for this sale can be found here. 5.50% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Thrivent Financial for Lutherans boosted its stake in shares of Eagle Materials by 1.6% in the second quarter. Thrivent Financial for Lutherans now owns 36,424 shares of the company’s stock worth $2,811,000 after buying an additional 560 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of Eagle Materials during the second quarter worth $3,009,000. Profund Advisors LLC boosted its stake in shares of Eagle Materials by 7.3% in the second quarter. Profund Advisors LLC now owns 5,695 shares of the company’s stock worth $439,000 after buying an additional 386 shares during the period. Advisor Group Inc. bought a new stake in shares of Eagle Materials during the second quarter worth $216,000. Finally, Vident Investment Advisory LLC bought a new stake in shares of Eagle Materials during the second quarter worth $660,000. Hedge funds and other institutional investors own 91.67% of the company’s stock.
A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Eagle Materials from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Wednesday, June 29th. Standpoint Research cut Eagle Materials from a “buy” rating to a “hold” rating in a research report on Friday, July 22nd. CL King cut Eagle Materials from a “strong-buy” rating to a “neutral” rating in a research report on Tuesday, July 26th. Finally, DA Davidson set a $100.00 price objective on Eagle Materials and gave the company a “buy” rating in a research report on Tuesday, September 13th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $84.13.
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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