Eagle Materials Inc. (NYSE:EXP) Plans 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 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Monday, December 16th.

Eagle Materials has raised its dividend by an average of 115.4% annually over the last three years. Eagle Materials has a payout ratio of 6.0% meaning 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 1.5 %

Shares of EXP stock opened at $273.32 on Friday. Eagle Materials has a 12 month low of $193.95 and a 12 month high of $321.93. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. The firm has a market cap of $9.17 billion, a PE ratio of 19.30 and a beta of 1.33. The stock has a 50 day moving average of $297.21 and a 200-day moving average of $262.96.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.44). The company 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 quarter in the previous year, the company earned $4.28 earnings per share. On average, equities analysts predict that Eagle Materials will post 15.24 EPS for the current year.

Insider Buying and Selling at Eagle Materials

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EXP shares. JPMorgan Chase & Co. increased their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. 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 research report on Wednesday, October 30th. Loop Capital cut Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research report on Monday, November 25th. Truist Financial raised 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. Finally, Jefferies Financial Group boosted their price target on shares of Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Eagle Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $307.11.

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.