Eagle Materials Inc (EXP) To Go Ex-Dividend on June 15th

Eagle Materials Inc (NYSE:EXP) declared a quarterly dividend on Friday, May 15th. Investors of record on Monday, June 15th will be given a dividend of 0.25 per share by the construction company on Monday, July 20th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, June 15th.

Eagle Materials has increased its dividend by an average of 0.6%annually over the last three years. Eagle Materials has a dividend payout ratio of 6.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Eagle Materials to earn $14.30 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 7.0%.

Eagle Materials Stock Performance

NYSE EXP opened at $214.86 on Friday. The company has a quick ratio of 2.09, a current ratio of 3.66 and a debt-to-equity ratio of 1.18. Eagle Materials has a 52-week low of $171.99 and a 52-week high of $243.64. The business’s 50-day moving average price is $205.45 and its 200 day moving average price is $211.51. The firm has a market cap of $6.65 billion, a P/E ratio of 16.38 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, May 19th. The construction company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.32. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.The firm had revenue of $479.11 million for the quarter, compared to analyst estimates of $451.99 million. During the same quarter last year, the company posted $2.00 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. On average, equities research analysts expect that Eagle Materials will post 13.02 earnings per share for the current year.

Institutional Investors Weigh In On Eagle Materials

A number of hedge funds have recently added to or reduced their stakes in the company. Caisse de depot et placement du Quebec lifted its position in Eagle Materials by 3.6% in the third quarter. Caisse de depot et placement du Quebec now owns 1,426 shares of the construction company’s stock valued at $332,000 after purchasing an additional 50 shares during the period. Signaturefd LLC lifted its position in Eagle Materials by 15.8% in the fourth quarter. Signaturefd LLC now owns 389 shares of the construction company’s stock valued at $80,000 after purchasing an additional 53 shares during the period. Smartleaf Asset Management LLC lifted its position in Eagle Materials by 20.3% in the third quarter. Smartleaf Asset Management LLC now owns 326 shares of the construction company’s stock valued at $76,000 after purchasing an additional 55 shares during the period. GAMMA Investing LLC lifted its position in shares of Eagle Materials by 5.9% during the 4th quarter. GAMMA Investing LLC now owns 1,048 shares of the construction company’s stock valued at $217,000 after acquiring an additional 58 shares during the period. Finally, M&T Bank Corp lifted its position in shares of Eagle Materials by 2.6% during the 4th quarter. M&T Bank Corp now owns 2,406 shares of the construction company’s stock valued at $498,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

About Eagle Materials

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.