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

Eagle Materials Inc. (NYSE:EXP - Get Free Report) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.25 per share by the construction company on Monday, April 14th. This represents a $1.00 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend is Monday, March 17th.

Eagle Materials has raised its dividend payment by an average of 10.1% annually over the last three years. Eagle Materials has a dividend payout ratio of 5.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Eagle Materials to earn $15.75 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 6.3%.

Eagle Materials Stock Performance

Shares of EXP stock traded up $0.04 on Monday, hitting $255.94. 278,184 shares of the stock were exchanged, compared to its average volume of 310,057. The firm's 50 day moving average is $258.46 and its two-hundred day moving average is $271.25. Eagle Materials has a one year low of $211.44 and a one year high of $321.93. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $8.52 billion, a PE ratio of 18.28 and a beta of 1.37.

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

Insider Activity at Eagle Materials

In related news, Director Richard Ross Stewart sold 3,577 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total value of $1,074,173.10. Following the completion of the transaction, the director now directly owns 1,100 shares in the company, valued at $330,330. The trade was a 76.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Haack sold 11,888 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value of $3,691,224.00. Following the sale, the chief executive officer now owns 85,811 shares in the company, valued at approximately $26,644,315.50. This represents a 12.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on EXP. Truist Financial boosted their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a "buy" rating in a research note on Monday, November 4th. Loop Capital downgraded shares of Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price objective for the company. in a research note on Monday, November 25th. Jefferies Financial Group lowered Eagle Materials from a "buy" rating to a "hold" rating and dropped their price target for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. DA Davidson cut their price objective on Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. raised their target price on Eagle Materials from $290.00 to $310.00 and gave the company a "neutral" rating in a research note on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Eagle Materials presently has a consensus rating of "Hold" and an average target price of $296.80.

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.