Eagle Materials Inc. (NYSE:EXP) Receives $296.80 Consensus Price Target from Brokerages

Shares of Eagle Materials Inc. (NYSE:EXP) have earned an average recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $296.80.

Several research firms have issued reports on EXP. JPMorgan Chase & Co. upped their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Loop Capital cut shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 target price on the stock. in a research note on Monday, November 25th. Stephens restated an “overweight” rating and set a $310.00 target price on shares of Eagle Materials in a research note on Thursday, January 30th. Truist Financial increased their price objective on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Finally, Citigroup cut shares of Eagle Materials from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $334.00 to $280.00 in a research note on Monday, January 6th.

Insider Buying and Selling

In related news, Director Michael R. Nicolais acquired 310 shares of the business’s stock in a transaction on Monday, February 10th. The stock was acquired at an average cost of $257.36 per share, with a total value of $79,781.60. Following the acquisition, the director now directly owns 3,655 shares in the company, valued at $940,650.80. This represents a 9.27 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard Ross Stewart sold 3,577 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the sale, the director now directly owns 1,100 shares of the company’s stock, valued at approximately $330,330. This trade represents a 76.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Eagle Materials

A number of institutional investors have recently added to or reduced their stakes in the stock. LGT Financial Advisors LLC grew its holdings in Eagle Materials by 233.1% during the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company’s stock valued at $109,000 after buying an additional 310 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of Eagle Materials in the fourth quarter valued at $619,000. Northern Trust Corp grew its holdings in shares of Eagle Materials by 8.9% in the fourth quarter. Northern Trust Corp now owns 286,766 shares of the construction company’s stock valued at $70,762,000 after purchasing an additional 23,355 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Eagle Materials in the fourth quarter valued at $3,482,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Eagle Materials in the fourth quarter valued at $7,378,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Stock Performance

Shares of Eagle Materials stock opened at $252.47 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 18.03 and a beta of 1.37. The firm’s 50-day moving average is $254.52 and its 200 day moving average is $271.05. Eagle Materials has a 1 year low of $211.44 and a 1 year high of $321.93.

Eagle Materials (NYSE:EXP) last posted its earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. Sell-side analysts anticipate that Eagle Materials will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 17th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.40%. The ex-dividend date is Monday, March 17th. Eagle Materials’s dividend payout ratio is 7.14%.

Eagle Materials Company Profile

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.