Eagle Materials Inc to Issue Quarterly Dividend of $0.25 (NYSE:EXP)

Eagle Materials Inc (NYSE:EXP) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Monday, June 15th will be given a dividend of 0.25 per share by the construction company on Monday, July 20th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Monday, June 15th.

Eagle Materials has raised its dividend by an average of 0.2%annually over the last three years. Eagle Materials has a dividend payout ratio of 6.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Eagle Materials to earn $13.76 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 7.3%.

Eagle Materials Stock Down 0.1%

EXP opened at $199.70 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.68 and a current ratio of 3.66. Eagle Materials has a fifty-two week low of $171.99 and a fifty-two week high of $243.64. The firm’s fifty day moving average is $196.05 and its 200 day moving average is $210.66. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of 15.22 and a beta of 1.38.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, May 19th. The construction company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.32. The company had revenue of $479.11 million for the quarter, compared to the consensus estimate of $451.99 million. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. Eagle Materials’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.00 EPS. On average, sell-side analysts forecast that Eagle Materials will post 12.5 earnings per share for the current fiscal year.

Institutional Trading of Eagle Materials

A number of large investors have recently made changes to their positions in the business. Baupost Group LLC MA increased its holdings in shares of Eagle Materials by 26.1% in the 4th quarter. Baupost Group LLC MA now owns 1,185,248 shares of the construction company’s stock worth $244,967,000 after buying an additional 245,588 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Eagle Materials by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 627,427 shares of the construction company’s stock worth $118,846,000 after buying an additional 16,782 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of Eagle Materials by 0.6% in the 3rd quarter. William Blair Investment Management LLC now owns 615,250 shares of the construction company’s stock worth $143,378,000 after buying an additional 3,505 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Eagle Materials by 2.5% in the 3rd quarter. American Century Companies Inc. now owns 534,380 shares of the construction company’s stock worth $124,532,000 after buying an additional 13,104 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Eagle Materials by 14.6% in the 3rd quarter. Principal Financial Group Inc. now owns 511,372 shares of the construction company’s stock worth $119,179,000 after buying an additional 65,072 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

About Eagle Materials

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.