Eagle Materials (NYSE:EXP) Sets New 52-Week Low – Should You Sell?

Shares of Eagle Materials Inc. (NYSE:EXP) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $209.98 and last traded at $208.76, with a volume of 24152 shares. The stock had previously closed at $218.77.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Loop Capital cut shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a report on Monday, November 25th. DA Davidson reduced their price objective on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. Truist Financial upped their target price on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Stifel Nicolaus began coverage on Eagle Materials in a report on Tuesday. They issued a “hold” rating and a $242.00 price objective on the stock. Finally, 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 note on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $292.40.

Eagle Materials Stock Down 1.6 %

The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 15.37 and a beta of 1.37. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. The business’s 50 day moving average is $246.96 and its 200-day moving average is $269.93.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. Equities analysts anticipate that Eagle Materials Inc. will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 17th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials’s payout ratio is currently 7.14%.

Insider Buying and Selling at Eagle Materials

In other news, Director Michael R. Nicolais bought 310 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was acquired at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the transaction, the director now directly owns 3,655 shares of the company’s stock, valued at $940,650.80. This trade represents a 9.27 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Private Trust Co. NA increased its holdings in Eagle Materials by 53.0% during the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock valued at $51,000 after purchasing an additional 71 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Eagle Materials in the third quarter valued at approximately $64,000. Huntington National Bank increased its holdings in shares of Eagle Materials by 154.8% in the fourth quarter. Huntington National Bank now owns 237 shares of the construction company’s stock valued at $58,000 after purchasing an additional 144 shares in the last quarter. R Squared Ltd bought a new position in Eagle Materials in the 4th quarter worth approximately $81,000. Finally, LGT Financial Advisors LLC lifted its holdings in Eagle Materials by 233.1% during the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company’s stock worth $109,000 after buying an additional 310 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Company Profile

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.