Eagle Materials Inc (NYSE:EXP) Receives Consensus Rating of “Hold” from Analysts

Shares of Eagle Materials Inc (NYSE:EXP) have been assigned an average rating of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $254.44.

EXP has been the subject of several research analyst reports. Stifel Nicolaus set a $241.00 price target on shares of Eagle Materials and gave the stock a “hold” rating in a report on Wednesday, May 21st. Truist Financial lowered their target price on Eagle Materials from $330.00 to $280.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Loop Capital lowered their target price on Eagle Materials from $245.00 to $237.00 and set a “hold” rating for the company in a report on Wednesday, May 21st. Stephens set a $255.00 target price on Eagle Materials and gave the stock an “overweight” rating in a report on Thursday, May 22nd. Finally, The Goldman Sachs Group set a $242.00 price objective on Eagle Materials and gave the company a “buy” rating in a research note on Wednesday, May 21st.

Institutional Trading of Eagle Materials

Several large investors have recently modified their holdings of EXP. JPMorgan Chase & Co. grew its holdings in Eagle Materials by 18.8% in the first quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company’s stock worth $475,068,000 after purchasing an additional 339,089 shares during the period. Baupost Group LLC MA grew its stake in shares of Eagle Materials by 42.5% in the 1st quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company’s stock valued at $201,875,000 after buying an additional 271,410 shares during the period. Geode Capital Management LLC grew its stake in shares of Eagle Materials by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 722,995 shares of the construction company’s stock valued at $178,450,000 after buying an additional 15,388 shares during the period. Federated Hermes Inc. grew its stake in shares of Eagle Materials by 10.3% in the 4th quarter. Federated Hermes Inc. now owns 594,899 shares of the construction company’s stock valued at $146,797,000 after buying an additional 55,578 shares during the period. Finally, Epoch Investment Partners Inc. grew its stake in shares of Eagle Materials by 2.4% in the 4th quarter. Epoch Investment Partners Inc. now owns 592,069 shares of the construction company’s stock valued at $146,099,000 after buying an additional 13,988 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Price Performance

Eagle Materials stock opened at $196.59 on Tuesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.03 and a current ratio of 2.73. Eagle Materials has a 52 week low of $191.91 and a 52 week high of $321.93. The stock has a market capitalization of $6.43 billion, a P/E ratio of 14.29 and a beta of 1.28. The stock has a fifty day moving average of $215.62 and a 200-day moving average of $232.28.

Eagle Materials (NYSE:EXP) last issued its earnings results on Tuesday, May 20th. The construction company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.26). The business had revenue of $470.18 million for the quarter, compared to analyst estimates of $483.14 million. Eagle Materials had a return on equity of 32.71% and a net margin of 20.50%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.24 EPS. On average, sell-side analysts expect that Eagle Materials will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Monday, June 16th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 annualized dividend and a yield of 0.51%. Eagle Materials’s dividend payout ratio is currently 7.27%.

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.