According to Bloomberg Ratings, the company’s stock has been assigned an average “Moderate buy” rating from the thirteen research companies currently researching Eagle Materials Inc. (NYSE: EXP). These firms are currently following the company. Bloomberg Ratings is the source of this information.
Four financial analysts have suggested that the stock should be kept, while six others have recommended that the stock be acquired. The brokerage firms that covered the company over the prior year had an average price objective of $159.09 per share for the company’s stock over the next year. A large variety of research institutions have shared their perspectives on EXP.
Some of these institutions include: Goldman Sachs Group decreased their price objective on Eagle Materials shares from $190.00 to $162.00 in a research report issued on Friday, May 20th. Despite this change, they kept their “buy” rating on the company. DA Davidson produced the research report on Friday, May 20th, giving the firm Eagle Materials a ” neutral rating.” The company’s initial projection for the stock was that it would reach a price of $160.00 by the end of the year.
Eagle Materials received a “buy” recommendation from Bloomberg in a research note published on July 29th. The note was made public by the firm. Eagle Materials had its price objective lowered by JPMorgan Chase & Co. from $165.00 to $130.00 in a research note that was released on Wednesday, July 20th.
Additionally, the firm’s rating for Eagle Materials was changed from “overweight” to “neutral.” In a research note released on Monday, May 23rd, Truist Financial assigned the business a “buy” rating and lowered their price goal on Eagle Materials shares from $172.00 to $155.00. The note was related to the company’s quarterly earnings report. The modification was announced to the general public simultaneously with the report’s release.
Trading EXP common shares began on Friday with an opening price of $122.42 per share. The moving average of the company’s stock price for the past fifty days is $120.58, while the moving average over the last 200 days is $126.09. The share price of Eagle Materials reached a 52-week high of $169.15 and a 52-week low of $105.34 during the same period.
A debt-to-equity ratio of 1.00, a quick ratio of 1.37, a current ratio of 2.39, and a quick ratio of 1.37 are all present. The company currently has a market value of $4.61 billion, a PE ratio of 12.70 for its stock, and a beta value of 1.29. In addition, the company has stated that it will be paying a quarterly dividend to its shareholders on Friday, October 14th.
This dividend payment is set to take place. Shareholders who were still registered as holding their shares as of September 16th will be eligible to receive a $0.25 dividend payment per share. This translates to a dividend payment of one dollar yearly, resulting in a dividend yield of 0.82% for the stock. September 15th, which is a Thursday, is the date that will mark the beginning of the “ex-dividend” status for this dividend.
The current dividend payout ratio for Eagle Materials Corporation is currently 10.37% at present. In other news, Executive Vice President James H. Graass sold 2,856 company stock on June 1st. This InformationInformation is included in the other piece of news. At an average price of $131.02 per share, the shares were bought, making the total value of the transaction $374,193.12.
After the deal’s completion, the executive vice president gained direct ownership of 14,294 shares of company stock, which have a total value of $1,872,799.88. The Securities and Exchange Commission (SEC) keeps a legal file open to the public and can be read online. This file had InformationInformation relevant to the transaction, which was discovered there.
Additionally, on June 17th, Eagle Materials Director Ed H. Bowman Jr. sold 1,828 shares of the company’s stock. The price paid for each share was a weighted average of $110.15, and a total value of $201,354.20 was traded in shares of the company’s stock. Following the successful transaction, the director is now the direct owner of 10,485 company shares, which have a total value of $1,154,922.75.
On this page, you will be able to access the filing that was made with the Securities and Exchange Commission in which the transaction was announced. In addition, on June 1st, the Executive Vice President of Eagle Materials, James H. Graass, sold 2,856 shares of the company’s stock. The shares were acquired at an average price of $131.02 per share, resulting in the transaction’s total value of $374,193.12.
Due to the transaction, the executive vice president now owns 14,294 shares. Based on the current market price, these shares have a value of about $1,872,799.88. Disclosures that are related to the sale might be found in this section of the website. Company insiders own 1.60 percent of the corporation’s total number of shares outstanding.
Only very recently, several institutional investors and hedge funds adjusted the percentage of the company that was held in each of their portfolios.
These shares were acquired during the most recent quarter. These shares have a price tag of $89,961,000 attached to them. The percentage of Eagle Materials owned by Prudential Financial Inc. rose by 180.3% during the first three months of 2018. Prudential Financial Inc. now has a total of 470,479 shares in the construction company, which are worth a combined total of $60,390,000 after the company made an extra investment of 302,625 shares during the most recent fiscal quarter.
During the second quarter, Victory Capital Management Inc. brought the total number of Eagle Materials shares it owned to 40.0% higher than before. After purchasing 250,400 shares during the most recent quarter, Victory Capital Management Inc. now possesses 875,680 shares of the construction company’s stock.
These shares have a combined value of $96,273,000 and give the company a market capitalization of $875,680. During the second quarter, Los Angeles Capital Management LLC saw a 1,300.6% rise in Eagle Materials stock that it owned as a percentage of its overall holdings. After purchasing an additional 224,089 shares of the construction company’s stock during the most recent quarter, Los Angeles Capital Management LLC now holds a total of 241,319 shares of the construction company’s stock, which has a value of $26,531,000.
The firm acquired these shares. In the second quarter, Reinhart Partners, Inc. invested in Eagle Materials for a total sum of approximately $14,750,000. This is the least important of the items discussed here. At this time, institutions own 96.87% of the total shares in the company.
A Brief History of and InformationInformation Regarding the Eagle Materials Company On behalf of Eagle Materials Inc., the firms that makeup Eagle Materials Inc. is responsible for manufacturing and distributing heavy and light building materials across the United States. The structure is made up of gypsum wallboard, recycled paperboard, and cement, as well as concrete and aggregates.
These are the four functional components that make up the structure. Limestone, mined by the company, is an essential ingredient in Portland cement’s manufacturing, distribution, and retailing. Gypsum mining is done so that it can be processed into gypsum wallboards, which are then put to use to complete the interior walls and ceilings of residential and commercial buildings.