Eagle Materials Inc. (NYSE:EXP – Get Free Report)’s share price reached a new 52-week high on Monday . The stock traded as high as $260.35 and last traded at $260.35, with a volume of 6689 shares traded. The stock had previously closed at $256.20.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. StockNews.com downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Citigroup lifted their price target on Eagle Materials from $234.00 to $244.00 and gave the company a “buy” rating in a report on Monday, January 29th. Raymond James raised their price objective on Eagle Materials from $170.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. The Goldman Sachs Group upped their target price on Eagle Materials from $215.00 to $238.00 and gave the company a “buy” rating in a report on Friday, January 26th. Finally, Loop Capital upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and increased their target price for the stock from $170.00 to $240.00 in a research report on Monday, January 8th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $222.00.
Eagle Materials Stock Up 1.1 %
The company has a current ratio of 2.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. The business’s fifty day moving average price is $223.30 and its two-hundred day moving average price is $192.07. The firm has a market cap of $8.93 billion, a P/E ratio of 18.08 and a beta of 1.34.
Eagle Materials (NYSE:EXP – Get Free Report) last announced its earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.56 by $0.16. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. The firm had revenue of $558.83 million during the quarter, compared to analysts’ expectations of $537.23 million. As a group, equities research analysts anticipate that Eagle Materials Inc. will post 14.26 EPS for the current year.
Eagle Materials Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 15th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. Eagle Materials’s payout ratio is presently 7.06%.
Insider Buying and Selling at Eagle Materials
In related news, SVP William R. Devlin sold 2,354 shares of Eagle Materials stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $214.95, for a total transaction of $505,992.30. Following the sale, the senior vice president now directly owns 24,998 shares of the company’s stock, valued at $5,373,320.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Eagle Materials news, SVP William R. Devlin sold 2,354 shares of Eagle Materials stock in a transaction on Friday, January 26th. The stock was sold at an average price of $214.95, for a total transaction of $505,992.30. Following the completion of the transaction, the senior vice president now directly owns 24,998 shares of the company’s stock, valued at $5,373,320.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Matt Newby sold 2,940 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $251.15, for a total transaction of $738,381.00. Following the completion of the sale, the executive vice president now directly owns 21,819 shares in the company, valued at approximately $5,479,841.85. The disclosure for this sale can be found here. Insiders sold 20,144 shares of company stock worth $4,545,243 over the last ninety days. Company insiders own 1.70% of the company’s stock.
Hedge Funds Weigh In On Eagle Materials
Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Eagle Materials by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 3,841,414 shares of the construction company’s stock valued at $411,723,000 after acquiring an additional 110,695 shares in the last quarter. FMR LLC lifted its stake in shares of Eagle Materials by 41.0% during the third quarter. FMR LLC now owns 2,510,906 shares of the construction company’s stock valued at $418,116,000 after acquiring an additional 730,454 shares during the period. Frontier Capital Management Co. LLC boosted its holdings in Eagle Materials by 42.4% in the second quarter. Frontier Capital Management Co. LLC now owns 1,120,726 shares of the construction company’s stock valued at $208,926,000 after acquiring an additional 333,902 shares during the last quarter. Invesco Ltd. increased its position in Eagle Materials by 22.8% in the third quarter. Invesco Ltd. now owns 1,097,542 shares of the construction company’s stock worth $182,763,000 after purchasing an additional 203,862 shares during the period. Finally, State Street Corp raised its holdings in Eagle Materials by 0.3% during the 1st quarter. State Street Corp now owns 1,056,912 shares of the construction company’s stock worth $135,929,000 after purchasing an additional 3,684 shares during the last quarter. Institutional investors own 92.57% of the company’s stock.
Eagle Materials Company Profile
Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures.