Eagle Materials Inc (EXP) To Go Ex-Dividend on March 16th

Eagle Materials Inc (NYSE:EXP) announced a quarterly dividend on Tuesday, February 10th. Stockholders of record on Monday, March 16th will be paid a dividend of 0.25 per share by the construction company on Monday, April 13th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, March 16th.

Eagle Materials has increased its dividend by an average of 0.2%annually over the last three years. Eagle Materials has a dividend payout ratio of 6.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Eagle Materials to earn $15.75 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 6.3%.

Eagle Materials Stock Down 0.6%

EXP stock opened at $228.89 on Thursday. Eagle Materials has a 52 week low of $191.91 and a 52 week high of $258.86. The company has a quick ratio of 2.68, a current ratio of 4.27 and a debt-to-equity ratio of 1.17. The firm has a 50-day simple moving average of $221.10 and a 200-day simple moving average of $224.38. The stock has a market capitalization of $7.19 billion, a P/E ratio of 17.33 and a beta of 1.38.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Thursday, January 29th. The construction company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.32 by ($0.10). Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.The firm had revenue of $555.96 million during the quarter, compared to analyst estimates of $556.41 million. During the same quarter in the previous year, the firm posted $3.59 earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. Equities analysts forecast that Eagle Materials will post 14.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on EXP shares. Wall Street Zen downgraded Eagle Materials from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st. JPMorgan Chase & Co. reduced their target price on shares of Eagle Materials from $245.00 to $230.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. Stifel Nicolaus set a $246.00 price target on shares of Eagle Materials in a research note on Monday, October 27th. Wells Fargo & Company lowered their target price on Eagle Materials from $251.00 to $241.00 and set an “overweight” rating on the stock in a report on Thursday, January 29th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $210.00 target price (down from $280.00) on shares of Eagle Materials in a research note on Friday, December 19th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $231.90.

Eagle Materials Company Profile

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.