Eagle Materials (NYSE:EXP) Sets New 1-Year Low – Here’s What Happened

Shares of Eagle Materials Inc (NYSE:EXP) hit a new 52-week low on Monday . The company traded as low as $188.76 and last traded at $189.73, with a volume of 68059 shares trading hands. The stock had previously closed at $196.79.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EXP shares. Truist Financial reiterated a “hold” rating and set a $210.00 target price (down from $280.00) on shares of Eagle Materials in a report on Friday, December 19th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $215.00 price target (down from $230.00) on shares of Eagle Materials in a research note on Monday, February 16th. Zacks Research lowered Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Monday, February 2nd. Citigroup reduced their price objective on Eagle Materials from $232.00 to $224.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Eagle Materials in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $228.36.

Eagle Materials Trading Down 1.5%

The company’s fifty day moving average is $221.96 and its two-hundred day moving average is $223.40. The stock has a market cap of $6.08 billion, a price-to-earnings ratio of 14.65 and a beta of 1.35. The company has a quick ratio of 2.68, a current ratio of 4.27 and a debt-to-equity ratio of 1.17.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, January 29th. The construction company reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $556.41 million. During the same quarter in the prior year, the firm earned $3.59 EPS. The firm’s revenue was down .4% compared to the same quarter last year. On average, research analysts predict that Eagle Materials Inc will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Monday, March 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, March 16th. Eagle Materials’s payout ratio is 7.57%.

Hedge Funds Weigh In On Eagle Materials

Large investors have recently bought and sold shares of the business. Clearstead Advisors LLC raised its stake in Eagle Materials by 266.7% in the fourth quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock valued at $27,000 after buying an additional 96 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Eagle Materials by 389.3% during the 4th quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock worth $28,000 after acquiring an additional 109 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Eagle Materials in the 4th quarter valued at about $29,000. Versant Capital Management Inc increased its holdings in shares of Eagle Materials by 130.9% in the 3rd quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock valued at $30,000 after acquiring an additional 72 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Eagle Materials during the 3rd quarter worth about $30,000. Hedge funds and other institutional investors 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.