Eagle Materials Inc. (NYSE:EXP) Given Average Rating of “Buy” by Analysts
Shares of Eagle Materials Inc. (NYSE:EXP) have been given a consensus recommendation of “Buy” by the eleven analysts that are presently covering the firm. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $81.20.
A number of equities analysts have issued reports on the company. Standpoint Research upgraded Eagle Materials from a “hold” rating to a “buy” rating in a report on Tuesday. CL King upgraded Eagle Materials from a “neutral” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research cut Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Finally, DA Davidson set a $100.00 target price on Eagle Materials and gave the stock a “buy” rating in a report on Tuesday, September 13th.
In related news, EVP Robert S. Stewart sold 12,098 shares of the firm’s stock in a transaction dated 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 directly owns 66,779 shares in the company, valued at approximately $5,681,557.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director F William Barnett sold 16,221 shares of the firm’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $85.77, for a total transaction of $1,391,275.17. Following the completion of the sale, the director now owns 7,519 shares of the company’s stock, valued at $644,904.63. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Eagle Materials by 1.2% in the second quarter. Vanguard Group Inc. now owns 3,422,665 shares of the company’s stock valued at $264,058,000 after buying an additional 40,857 shares during the period. Frontier Capital Management Co. LLC increased its stake in shares of Eagle Materials by 14.3% in the second quarter. Frontier Capital Management Co. LLC now owns 1,825,759 shares of the company’s stock valued at $140,857,000 after buying an additional 227,736 shares during the period. State Street Corp increased its stake in shares of Eagle Materials by 4.5% in the first quarter. State Street Corp now owns 1,711,658 shares of the company’s stock valued at $119,993,000 after buying an additional 74,038 shares during the period. Neuberger Berman Group LLC increased its stake in shares of Eagle Materials by 66.6% in the second quarter. Neuberger Berman Group LLC now owns 1,571,505 shares of the company’s stock valued at $121,242,000 after buying an additional 627,950 shares during the period. Finally, Findlay Park Partners LLP increased its stake in shares of Eagle Materials by 5.5% in the first quarter. Findlay Park Partners LLP now owns 903,875 shares of the company’s stock valued at $63,371,000 after buying an additional 46,936 shares during the period. Institutional investors and hedge funds own 91.67% of the company’s stock.
Eagle Materials (NYSE:EXP) traded up 0.18% during trading on Tuesday, hitting $75.94. The company had a trading volume of 540,011 shares. Eagle Materials has a one year low of $45.03 and a one year high of $87.57. The stock has a market capitalization of $3.66 billion, a PE ratio of 23.53 and a beta of 1.47. The stock has a 50-day moving average of $79.13 and a 200-day moving average of $77.31.
Eagle Materials (NYSE:EXP) last released its earnings results on Monday, July 25th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.07. The firm earned $297 million during 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%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. On average, equities analysts anticipate that Eagle Materials will post $4.34 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Friday, October 7th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, October 5th. This represents a $0.40 annualized dividend and a yield of 0.53%. Eagle Materials’s dividend payout ratio (DPR) is currently 12.35%.
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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