Eagle Materials Inc (NYSE:EXP) Receives Average Recommendation of “Hold” from Brokerages

Shares of Eagle Materials Inc (NYSE:EXP) have received a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $228.3636.

EXP has been the topic of a number of research reports. Wells Fargo & Company cut their price objective on Eagle Materials from $251.00 to $241.00 and set an “overweight” rating on the stock in a report on Thursday, January 29th. Citigroup decreased their target price on Eagle Materials from $232.00 to $224.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. Truist Financial reaffirmed a “hold” rating and issued a $210.00 price target (down from $280.00) on shares of Eagle Materials in a research note on Friday, December 19th. Stephens reaffirmed an “equal weight” rating and set a $245.00 price objective on shares of Eagle Materials in a research note on Tuesday, January 20th. Finally, Wall Street Zen cut shares of Eagle Materials from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st.

Eagle Materials Trading Down 1.1%

Shares of NYSE EXP opened at $223.73 on Friday. The stock has a market capitalization of $7.03 billion, a P/E ratio of 16.94 and a beta of 1.38. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.27 and a quick ratio of 2.68. The business’s 50 day moving average is $223.09 and its two-hundred day moving average is $224.83. Eagle Materials has a 1-year low of $191.91 and a 1-year high of $243.64.

Eagle Materials (NYSE:EXP) last released its earnings results on Thursday, January 29th. The construction company reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). The business had revenue of $555.96 million for the quarter, compared to the consensus estimate of $556.41 million. Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company posted $3.59 EPS. As a group, research analysts expect that Eagle Materials will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Monday, March 16th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. Eagle Materials’s dividend payout ratio is currently 7.57%.

Institutional Trading of Eagle Materials

A number of large investors have recently made changes to their positions in EXP. Focus Partners Wealth increased its stake in Eagle Materials by 21.5% in the 1st quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock valued at $448,000 after buying an additional 357 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of Eagle Materials by 62.5% in the second quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock valued at $42,000 after acquiring an additional 80 shares in the last quarter. Leeward Investments LLC MA lifted its holdings in Eagle Materials by 23.3% in the 2nd quarter. Leeward Investments LLC MA now owns 44,235 shares of the construction company’s stock valued at $8,940,000 after purchasing an additional 8,358 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Eagle Materials by 1.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 16,671 shares of the construction company’s stock worth $3,369,000 after acquiring an additional 228 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Eagle Materials in the second quarter valued at $2,977,000. 96.07% of the stock is owned by institutional investors and hedge funds.

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.