Eagle Materials Inc. (EXP) To Go Ex-Dividend on December 16th

Eagle Materials Inc. (NYSE:EXP) declared a quarterly dividend on Tuesday, November 12th,RTT News reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.25 per share by the construction company on Monday, January 13th. This represents a $1.00 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Monday, December 16th.

Eagle Materials has raised its dividend payment by an average of 115.4% annually over the last three years. Eagle Materials has a payout ratio of 6.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Eagle Materials to earn $16.98 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 5.9%.

Eagle Materials Stock Down 1.5 %

EXP stock opened at $273.32 on Friday. The company’s 50 day simple moving average is $297.21 and its 200-day simple moving average is $262.96. Eagle Materials has a 52-week low of $193.95 and a 52-week high of $321.93. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. The firm has a market capitalization of $9.17 billion, a P/E ratio of 19.30 and a beta of 1.33.

Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.44). The firm had revenue of $623.62 million for the quarter, compared to analyst estimates of $651.46 million. Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. Eagle Materials’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm earned $4.28 earnings per share. As a group, equities research analysts anticipate that Eagle Materials will post 15.24 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on EXP shares. Loop Capital downgraded Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a research note on Monday, November 25th. JPMorgan Chase & Co. increased their price target on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group boosted their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Truist Financial increased their target price on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Jefferies Financial Group lifted their target price on shares of Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $307.11.

Insider Transactions at Eagle Materials

In other news, Director George John Damiris sold 1,000 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the transaction, the director now owns 7,943 shares of the company’s stock, valued at approximately $2,205,135.66. This represents a 11.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Tony Thompson sold 1,401 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total value of $439,914.00. Following the completion of the sale, the senior vice president now owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. This trade represents a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,866 shares of company stock worth $5,482,931 in the last 90 days. 1.60% of the stock is owned by insiders.

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, including Portland limestone 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, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.