Eagle Materials Inc. (NYSE:EXP – Get Free Report) shares reached a new 52-week high during trading on Thursday after Jefferies Financial Group raised their price target on the stock from $195.00 to $226.00. The stock traded as high as $186.96 and last traded at $186.34, with a volume of 146534 shares traded. The stock had previously closed at $183.48.
EXP has been the topic of several other reports. DA Davidson upped their target price on Eagle Materials from $140.00 to $175.00 in a research report on Monday, May 22nd. StockNews.com assumed coverage on Eagle Materials in a research report on Thursday, May 18th. They set a “buy” rating on the stock. Stephens upped their target price on Eagle Materials from $170.00 to $190.00 in a research report on Friday, May 19th. Truist Financial increased their price objective on Eagle Materials from $155.00 to $195.00 in a report on Friday, May 19th. Finally, JPMorgan Chase & Co. lowered Eagle Materials from a “neutral” rating to an “underweight” rating and increased their price objective for the company from $155.00 to $190.00 in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.11.
Insider Transactions at Eagle Materials
In other news, SVP William R. Devlin sold 4,914 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $168.30, for a total value of $827,026.20. Following the sale, the senior vice president now owns 26,269 shares in the company, valued at $4,421,072.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Eagle Materials news, CEO Michael Haack sold 5,000 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $170.50, for a total transaction of $852,500.00. Following the transaction, the chief executive officer now owns 104,229 shares in the company, valued at $17,771,044.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP William R. Devlin sold 4,914 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $168.30, for a total value of $827,026.20. Following the transaction, the senior vice president now owns 26,269 shares in the company, valued at approximately $4,421,072.70. The disclosure for this sale can be found here. Insiders have sold 46,939 shares of company stock worth $7,804,980 over the last quarter. 1.70% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Eagle Materials
Eagle Materials Stock Up 2.3 %
The business has a fifty day simple moving average of $170.40 and a 200 day simple moving average of $151.92. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 15.06 and a beta of 1.32. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.45 and a quick ratio of 1.08.
Eagle Materials (NYSE:EXP – Get Free Report) last announced its earnings results on Thursday, May 18th. The construction company reported $2.79 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.44. Eagle Materials had a return on equity of 40.09% and a net margin of 21.49%. The business had revenue of $470.10 million during the quarter, compared to analysts’ expectations of $452.11 million. During the same quarter in the prior year, the firm earned $1.90 earnings per share. The business’s revenue was up 13.8% compared to the same quarter last year. As a group, equities analysts forecast that Eagle Materials Inc. will post 13.57 EPS for the current fiscal year.
Eagle Materials Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 16th will be issued a $0.25 dividend. The ex-dividend date is Thursday, June 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.53%. Eagle Materials’s dividend payout ratio is presently 8.03%.
About Eagle Materials
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.
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