Eagle Materials Inc. (NYSE:EXP) to Issue Quarterly Dividend of $0.25

Eagle Materials Inc. (NYSE:EXP) announced a quarterly dividend on Tuesday, November 12th,RTT News reports. Shareholders of record on Monday, December 16th will be given a dividend of 0.25 per share by the construction company on Monday, January 13th. This represents a $1.00 annualized dividend and a yield of 0.32%.

Eagle Materials has raised its dividend payment by an average of 115.4% per year over the last three years. Eagle Materials has a dividend payout ratio of 6.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 1.0 %

Shares of Eagle Materials stock traded down $3.22 during midday trading on Tuesday, reaching $310.37. 251,708 shares of the company’s stock traded hands, compared to its average volume of 306,632. The company’s 50 day simple moving average is $283.70 and its 200 day simple moving average is $255.79. The company has a market cap of $10.41 billion, a price-to-earnings ratio of 22.15 and a beta of 1.32. Eagle Materials has a 52 week low of $166.74 and a 52 week high of $317.00. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34.

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

Insider Transactions at Eagle Materials

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total value of $277,620.00. Following the completion of the transaction, the director now owns 7,943 shares of the company’s stock, valued at approximately $2,205,135.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, SVP Tony Thompson sold 1,401 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the transaction, the senior vice president now owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director George John Damiris sold 1,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the transaction, the director now directly owns 7,943 shares of the company’s stock, valued at $2,205,135.66. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on EXP. Stephens lifted their price objective on Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Truist Financial boosted their price objective on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 4th. Raymond James downgraded Eagle Materials from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. The Goldman Sachs Group raised their price objective on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $303.78.

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.