Eagle Materials (EXP) Hits New 52-Week Low at $64.95

Shares of Eagle Materials, Inc. (NYSE:EXP) hit a new 52-week low during trading on Monday . The stock traded as low as $64.95 and last traded at $65.51, with a volume of 112766 shares trading hands. The stock had previously closed at $67.76.

Several analysts have commented on the company. Zacks Investment Research downgraded Eagle Materials from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Northcoast Research set a $128.00 target price on Eagle Materials and gave the company a “buy” rating in a research note on Tuesday, July 31st. Stephens set a $90.00 target price on Eagle Materials and gave the company a “buy” rating in a research note on Thursday. ValuEngine downgraded Eagle Materials from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 17th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $126.00 target price on shares of Eagle Materials in a research note on Tuesday, July 31st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $115.86.

The company has a market capitalization of $3.24 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.74 and a beta of 1.05. The company has a quick ratio of 1.34, a current ratio of 2.61 and a debt-to-equity ratio of 0.45.



The company also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Friday, October 5th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.61%. Eagle Materials’s dividend payout ratio (DPR) is currently 9.48%.

Several hedge funds have recently added to or reduced their stakes in the company. Alps Advisors Inc. boosted its stake in shares of Eagle Materials by 23.8% in the 3rd quarter. Alps Advisors Inc. now owns 5,542 shares of the construction company’s stock worth $472,000 after buying an additional 1,065 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Eagle Materials by 616.4% in the 3rd quarter. First Trust Advisors LP now owns 66,867 shares of the construction company’s stock worth $5,700,000 after buying an additional 57,533 shares during the last quarter. Avestar Capital LLC boosted its stake in shares of Eagle Materials by 2,356.4% in the 3rd quarter. Avestar Capital LLC now owns 2,309 shares of the construction company’s stock worth $178,000 after buying an additional 2,215 shares during the last quarter. Skylands Capital LLC boosted its stake in shares of Eagle Materials by 56.9% in the 3rd quarter. Skylands Capital LLC now owns 119,475 shares of the construction company’s stock worth $10,184,000 after buying an additional 43,325 shares during the last quarter. Finally, Cornerstone Wealth Management LLC boosted its stake in shares of Eagle Materials by 3.7% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 26,995 shares of the construction company’s stock worth $250,000 after buying an additional 955 shares during the last quarter. Hedge funds and other institutional investors own 93.85% of the company’s stock.

Eagle Materials Company Profile (NYSE:EXP)

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

Further Reading: Hedge Funds Explained

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