Brokerages Set Eagle Materials Inc (NYSE:EXP) Target Price at $236.30

Shares of Eagle Materials Inc (NYSE:EXP) have been given an average recommendation of “Hold” by the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $236.30.

Several research analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of Eagle Materials from $255.00 to $233.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Zacks Research raised shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Truist Financial reaffirmed a “hold” rating and set a $210.00 price objective (down previously from $280.00) on shares of Eagle Materials in a report on Friday, December 19th. JPMorgan Chase & Co. cut their target price on Eagle Materials from $245.00 to $230.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. Finally, DA Davidson decreased their target price on Eagle Materials from $245.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, October 31st.

Eagle Materials Stock Down 3.7%

Eagle Materials stock opened at $208.73 on Friday. The stock has a market cap of $6.69 billion, a PE ratio of 15.40 and a beta of 1.36. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.72 and a quick ratio of 1.22. The stock’s fifty day moving average is $213.76 and its two-hundred day moving average is $222.36. Eagle Materials has a 1-year low of $191.91 and a 1-year high of $265.42.

Eagle Materials (NYSE:EXP) last issued its earnings results on Thursday, October 30th. The construction company reported $4.23 earnings per share for the quarter, missing the consensus estimate of $4.35 by ($0.12). The business had revenue of $638.91 million for the quarter, compared to analyst estimates 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 was up 2.5% on a year-over-year basis. During the same period last year, the business posted $4.31 EPS. On average, sell-side analysts expect that Eagle Materials will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Monday, December 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 15th. Eagle Materials’s dividend payout ratio is presently 7.38%.

Insider Activity at Eagle Materials

In other Eagle Materials news, Director David E. Rush bought 1,000 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were acquired at an average cost of $208.08 per share, with a total value 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Eagle Materials

Institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc grew its holdings in shares of Eagle Materials by 130.9% during the third quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock worth $30,000 after buying an additional 72 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Eagle Materials in the 3rd quarter valued at approximately $30,000. Hantz Financial Services Inc. grew its stake in shares of Eagle Materials by 7,750.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock valued at $32,000 after purchasing an additional 155 shares during the last quarter. MAI Capital Management increased its holdings in shares of Eagle Materials by 3,060.0% in the second quarter. MAI Capital Management now owns 158 shares of the construction company’s stock valued at $32,000 after purchasing an additional 153 shares during the period. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Eagle Materials during the third quarter worth approximately $34,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Company Profile

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.