Eagle Materials (EXP) Sets New 1-Year High at $113.44
Eagle Materials Inc (NYSE:EXP)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $113.44 and last traded at $111.33, with a volume of 624500 shares traded. The stock had previously closed at $111.93.
A number of equities analysts recently commented on EXP shares. Zacks Investment Research upgraded Eagle Materials from a “sell” rating to a “hold” rating in a report on Thursday, November 16th. Standpoint Research downgraded 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. Finally, Stifel Nicolaus increased their price objective on Eagle Materials from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $122.50.
The firm has a market capitalization of $5,410.00, a price-to-earnings ratio of 25.04, a P/E/G ratio of 2.83 and a beta of 1.29. The company has a quick ratio of 0.94, a current ratio of 2.02 and a debt-to-equity ratio of 0.44.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 22nd will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, December 21st. This represents a $0.40 annualized dividend and a yield of 0.36%. Eagle Materials’s dividend payout ratio (DPR) is presently 9.20%.
In other Eagle Materials news, EVP Robert S. Stewart sold 6,534 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $101.27, for a total transaction of $661,698.18. Following the transaction, the executive vice president now owns 66,037 shares in the company, valued at $6,687,566.99. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gerald J. Essl sold 8,161 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $105.00, for a total value of $856,905.00. Following the transaction, the insider now owns 42,541 shares in the company, valued at approximately $4,466,805. The disclosure for this sale can be found here. In the last quarter, insiders have sold 74,968 shares of company stock worth $8,188,108. Corporate insiders own 4.10% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in Eagle Materials by 19.7% in the third quarter. JPMorgan Chase & Co. now owns 2,822,368 shares of the construction company’s stock worth $303,320,000 after purchasing an additional 464,534 shares during the period. Renaissance Technologies LLC lifted its position in Eagle Materials by 928.1% in the second quarter. Renaissance Technologies LLC now owns 464,700 shares of the construction company’s stock worth $42,948,000 after purchasing an additional 419,500 shares during the period. FMR LLC lifted its position in Eagle Materials by 9.1% in the second quarter. FMR LLC now owns 4,407,131 shares of the construction company’s stock worth $407,307,000 after purchasing an additional 367,661 shares during the period. Marshall Wace North America L.P. lifted its position in Eagle Materials by 316.8% in the second quarter. Marshall Wace North America L.P. now owns 359,705 shares of the construction company’s stock worth $33,093,000 after purchasing an additional 273,405 shares during the period. Finally, Allianz Asset Management GmbH bought a new position in Eagle Materials in the third quarter worth $24,275,000. 91.55% of the stock is owned by institutional investors.
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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