Eagle Materials Inc (NYSE:EXP) Receives $243.30 Consensus PT from Brokerages

Shares of Eagle Materials Inc (NYSE:EXP) have been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $243.30.

A number of analysts have recently commented on EXP shares. DA Davidson dropped their price objective on Eagle Materials from $245.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Eagle Materials in a research report on Monday, December 1st. Stifel Nicolaus set a $246.00 price target on shares of Eagle Materials in a report on Monday, October 27th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $226.00 price objective on shares of Eagle Materials in a research note on Monday, November 3rd. Finally, Wells Fargo & Company dropped their target price on shares of Eagle Materials from $261.00 to $251.00 and set an “overweight” rating on the stock in a report on Friday, October 31st.

Eagle Materials Trading Up 0.3%

Shares of NYSE:EXP opened at $225.16 on Tuesday. The company has a 50 day moving average of $221.24 and a 200-day moving average of $220.34. The company has a current ratio of 2.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.83. The firm has a market cap of $7.22 billion, a P/E ratio of 16.62 and a beta of 1.37. Eagle Materials has a twelve month low of $191.91 and a twelve month high of $283.00.

Eagle Materials (NYSE:EXP) last announced its earnings results on Thursday, October 30th. The construction company reported $4.23 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.12). The firm had revenue of $638.91 million for the quarter, compared to the consensus estimate of $635.55 million. Eagle Materials had a return on equity of 30.13% and a net margin of 19.41%.Eagle Materials’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned $4.31 EPS. As a group, analysts anticipate that Eagle Materials will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Monday, December 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, December 15th. Eagle Materials’s dividend payout ratio is 7.38%.

Insider Buying and Selling at Eagle Materials

In related news, Director David E. Rush bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were acquired at an average cost of $208.08 per share, for a total transaction of $208,080.00. Following the acquisition, the director directly owned 4,173 shares of the company’s stock, valued at $868,317.84. The trade was a 31.52% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Eagle Materials

Hedge funds have recently modified their holdings of the business. Aristides Capital LLC bought a new position in shares of Eagle Materials in the first quarter valued at approximately $401,000. Mariner Investment Group LLC bought a new stake in shares of Eagle Materials during the 2nd quarter worth $1,011,000. Janney Montgomery Scott LLC grew its stake in Eagle Materials by 1,822.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 44,193 shares of the construction company’s stock valued at $8,932,000 after buying an additional 41,894 shares during the last quarter. Weybosset Research & Management LLC grew its stake in Eagle Materials by 12.0% in the 2nd quarter. Weybosset Research & Management LLC now owns 39,788 shares of the construction company’s stock valued at $8,042,000 after buying an additional 4,265 shares during the last quarter. Finally, Novem Group bought a new position in Eagle Materials in the 2nd quarter worth $754,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.