Eagle Materials Inc (NYSE:EXP) declared a quarterly dividend on Wednesday, November 1st, RTT News reports. Investors of record on Friday, December 22nd will be given a dividend of 0.10 per share by the construction company on Friday, January 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, December 21st.

Eagle Materials has a dividend payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Eagle Materials to earn $6.34 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 6.3%.

Eagle Materials (NYSE:EXP) opened at $108.18 on Wednesday. Eagle Materials has a 52 week low of $86.51 and a 52 week high of $116.72. The company has a current ratio of 2.02, a quick ratio of 0.94 and a debt-to-equity ratio of 0.44. The company has a market cap of $5,403.71, a PE ratio of 24.53, a P/E/G ratio of 2.77 and a beta of 1.29.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.22). Eagle Materials had a return on equity of 17.75% and a net margin of 15.93%. The firm had revenue of $376.30 million for the quarter, compared to analysts’ expectations of $412.84 million. During the same period in the prior year, the firm posted $1.25 earnings per share. Eagle Materials’s revenue for the quarter was up 13.1% on a year-over-year basis. analysts predict that Eagle Materials will post 5.01 earnings per share for the current year.

EXP has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Thursday, November 16th. Stifel Nicolaus lifted their price objective on shares of Eagle Materials from $120.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 6th. Finally, Standpoint Research lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $122.50.

In other news, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $111.64, for a total value of $558,200.00. Following the completion of the sale, the chief financial officer now owns 56,778 shares in the company, valued at approximately $6,338,695.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP William R. Devlin sold 7,183 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $107.00, for a total transaction of $768,581.00. Following the completion of the sale, the senior vice president now owns 28,321 shares of the company’s stock, valued at approximately $3,030,347. The disclosure for this sale can be found here. Insiders have sold a total of 85,165 shares of company stock valued at $9,438,175 in the last quarter. 4.10% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION WARNING: “Eagle Materials Inc (EXP) To Go Ex-Dividend on December 21st” was originally reported by Watch List News and is owned by of Watch List News. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.watchlistnews.com/eagle-materials-inc-exp-to-go-ex-dividend-on-december-21st/1774308.html.

About Eagle Materials

Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.

Dividend History for Eagle Materials (NYSE:EXP)

Receive News & Ratings for Eagle Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Materials and related companies with MarketBeat.com's FREE daily email newsletter.