Eagle Materials Inc (NYSE:EXP – Get Free Report)’s share price hit a new 52-week low on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from $225.00 to $200.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Eagle Materials traded as low as $163.51 and last traded at $163.7060, with a volume of 360,906 shares changing hands. The stock had previously closed at $164.70.
Other equities research analysts have also issued reports about the company. Stephens upped their price target on Eagle Materials from $225.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Citigroup reduced their price objective on Eagle Materials from $232.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, October 2nd. Royal Bank Of Canada reduced their price objective on Eagle Materials from $219.00 to $170.00 and set a “sector perform” rating on the stock in a research note on Friday, October 9th. Zacks Research cut Eagle Materials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Wells Fargo & Company reduced their price target on shares of Eagle Materials from $196.00 to $188.00 and set an “equal weight” rating on the stock in a research report on Monday, October 5th. Ten analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Eagle Materials has an average rating of “Hold” and a consensus price target of $199.56.
Read Our Latest Research Report on EXP
Insider Transactions at Eagle Materials
Institutional Investors Weigh In On Eagle Materials
Several institutional investors and hedge funds have recently made changes to their positions in EXP. Leonteq Securities AG bought a new stake in shares of Eagle Materials in the 1st quarter worth approximately $42,000. IFP Advisors Inc lifted its stake in Eagle Materials by 131.0% during the second quarter. IFP Advisors Inc now owns 432 shares of the construction company’s stock valued at $97,000 after purchasing an additional 245 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Eagle Materials in the second quarter worth approximately $117,000. Global Retirement Partners LLC acquired a new position in Eagle Materials in the second quarter worth approximately $124,000. Finally, Hilltop National Bank increased its holdings in shares of Eagle Materials by 38.3% in the second quarter. Hilltop National Bank now owns 589 shares of the construction company’s stock valued at $133,000 after buying an additional 163 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.
Eagle Materials Price Performance
The company has a market cap of $5.01 billion, a P/E ratio of 12.92 and a beta of 1.33. The company has a fifty day simple moving average of $188.04 and a 200-day simple moving average of $201.45. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.23 and a quick ratio of 1.91.
Eagle Materials (NYSE:EXP – Get Free Report) last announced its earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.37 by ($0.08). The firm had revenue of $650.97 million for the quarter, compared to analyst estimates of $620.35 million. Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. Eagle Materials’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned $3.76 earnings per share. On average, sell-side analysts predict that Eagle Materials Inc will post 12.66 earnings per share for the current year.
Eagle Materials Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 13th. Investors of record on Monday, September 14th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, September 14th. Eagle Materials’s dividend payout ratio (DPR) is currently 7.91%.
Eagle Materials Company Profile
Eagle Materials Inc (NYSE: EXP) is a Dallas-based manufacturer of basic building materials used in residential, commercial and infrastructure construction. Its primary products include Portland cement, ready-mixed concrete, aggregates, gypsum wallboard and gypsum paperboard.
The company operates through businesses focused on cement, concrete and aggregates, and gypsum wallboard and paperboard. Its materials are sold primarily in the United States, with production and distribution operations serving markets across several regions, including the central, southern and southwestern parts of the country.
Eagle Materials traces its origins to the construction-materials operations formerly associated with Centex Corporation and became an independent, publicly traded company in 1994.
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