Eagle Materials, Inc. (NYSE:EXP) Receives $97.05 Consensus PT from Analysts

Eagle Materials, Inc. (NYSE:EXP) has earned an average recommendation of “Buy” from the seventeen brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $97.05.

EXP has been the topic of several research reports. ValuEngine lowered Eagle Materials from a “hold” rating to a “sell” rating in a research note on Thursday, October 10th. Jefferies Financial Group lowered Eagle Materials from a “buy” rating to a “hold” rating and cut their price target for the company from $106.00 to $92.00 in a research note on Thursday, July 18th. Raymond James lowered Eagle Materials from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. cut their price target on Eagle Materials from $95.00 to $85.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Finally, BNP Paribas initiated coverage on Eagle Materials in a research note on Wednesday, October 9th. They set an “outperform” rating on the stock.

Shares of Eagle Materials stock traded down $0.09 during trading on Friday, hitting $92.42. 258,449 shares of the stock traded hands, compared to its average volume of 322,566. The firm has a market cap of $3.89 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 1.77 and a beta of 1.25. The company has a current ratio of 2.42, a quick ratio of 1.05 and a debt-to-equity ratio of 0.85. Eagle Materials has a 52-week low of $57.00 and a 52-week high of $93.19. The stock’s fifty day simple moving average is $88.32 and its 200 day simple moving average is $87.31.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.27). The firm had revenue of $370.60 million for the quarter, compared to analysts’ expectations of $376.95 million. Eagle Materials had a net margin of 3.20% and a return on equity of 17.21%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.38 EPS. As a group, equities analysts expect that Eagle Materials will post 5.22 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 4th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $0.40 annualized dividend and a yield of 0.43%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.92%.

In other Eagle Materials news, insider Keith W. Metcalf sold 10,980 shares of Eagle Materials stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $81.33, for a total value of $893,003.40. Following the transaction, the insider now owns 58,087 shares in the company, valued at $4,724,215.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Keith W. Metcalf sold 3,836 shares of Eagle Materials stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $92.00, for a total value of $352,912.00. Following the completion of the transaction, the insider now owns 39,610 shares in the company, valued at approximately $3,644,120. The disclosure for this sale can be found here. Insiders sold 59,630 shares of company stock worth $5,077,899 in the last quarter. 2.20% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of EXP. FMR LLC boosted its holdings in Eagle Materials by 69.9% in the first quarter. FMR LLC now owns 3,445,277 shares of the construction company’s stock worth $290,437,000 after acquiring an additional 1,418,021 shares in the last quarter. Long Pond Capital LP acquired a new stake in Eagle Materials in the first quarter worth about $45,517,000. Scout Investments Inc. boosted its holdings in Eagle Materials by 356.4% in the second quarter. Scout Investments Inc. now owns 452,290 shares of the construction company’s stock worth $41,927,000 after acquiring an additional 353,180 shares in the last quarter. Carillon Tower Advisers Inc. boosted its holdings in Eagle Materials by 363.2% in the second quarter. Carillon Tower Advisers Inc. now owns 309,525 shares of the construction company’s stock worth $28,693,000 after acquiring an additional 242,700 shares in the last quarter. Finally, Monarch Partners Asset Management LLC acquired a new stake in Eagle Materials in the second quarter worth about $13,588,000. Institutional investors own 97.87% of the company’s stock.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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Analyst Recommendations for Eagle Materials (NYSE:EXP)

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