Eagle Materials (NYSE:EXP) Sets New 52-Week Low at $106.97

Eagle Materials Inc. (NYSE:EXPGet Rating)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $106.97 and last traded at $106.97, with a volume of 1023 shares traded. The stock had previously closed at $109.17.

EXP has been the topic of a number of research reports. DA Davidson dropped their target price on shares of Eagle Materials from $160.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, May 20th. Truist Financial lowered their price target on shares of Eagle Materials from $172.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, May 23rd. The Goldman Sachs Group lowered their price target on shares of Eagle Materials from $190.00 to $162.00 and set a “buy” rating for the company in a research report on Friday, May 20th. Finally, StockNews.com upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a research report on Monday, May 23rd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Eagle Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.40.

The business has a fifty day moving average of $124.10 and a 200 day moving average of $137.27. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 11.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.13 and a quick ratio of 0.99.

Eagle Materials (NYSE:EXPGet Rating) last announced its quarterly earnings results on Thursday, May 19th. The construction company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.73 by $0.17. Eagle Materials had a return on equity of 30.51% and a net margin of 20.10%. The company had revenue of $413.10 million for the quarter, compared to the consensus estimate of $400.68 million. During the same quarter last year, the company posted $1.56 earnings per share. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. On average, analysts expect that Eagle Materials Inc. will post 11.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 16th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, June 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.95%. Eagle Materials’s payout ratio is 10.94%.

In other news, Director Ed H. Bowman, Jr. sold 1,828 shares of the firm’s stock in a transaction on Friday, June 17th. The stock was sold at an average price of $110.15, for a total value of $201,354.20. Following the completion of the sale, the director now directly owns 10,485 shares in the company, valued at $1,154,922.75. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP James H. Graass sold 9,092 shares of the firm’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $125.02, for a total value of $1,136,681.84. Following the completion of the sale, the executive vice president now owns 20,090 shares of the company’s stock, valued at $2,511,651.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,776 shares of company stock valued at $2,214,229. 1.50% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Signaturefd LLC acquired a new position in shares of Eagle Materials during the 4th quarter worth about $26,000. Wolff Wiese Magana LLC acquired a new position in shares of Eagle Materials during the 4th quarter worth about $29,000. CWM LLC acquired a new position in shares of Eagle Materials during the 4th quarter worth about $34,000. Prospera Financial Services Inc bought a new position in shares of Eagle Materials during the 1st quarter valued at about $42,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Eagle Materials by 90.9% during the 1st quarter. Meeder Asset Management Inc. now owns 462 shares of the construction company’s stock valued at $60,000 after purchasing an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Eagle Materials Company Profile (NYSE:EXP)

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials and light building materials in the United States. It operates through Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard segments. 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.

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