Eagle Materials (NYSE:EXP) Given New $181.00 Price Target at Loop Capital

Eagle Materials (NYSE:EXP – Get Rating) had its target price lifted by Loop Capital from $160.00 to $181.00 in a report issued on Monday, The Fly reports.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group upped their target price on Eagle Materials from $130.00 to $149.00 and gave the company a buy rating in a report on Friday, January 27th. StockNews.com assumed coverage on Eagle Materials in a report on Thursday, May 18th. They issued a buy rating for the company. Truist Financial upped their target price on Eagle Materials from $155.00 to $195.00 in a report on Friday, May 19th. Raymond James upped their target price on Eagle Materials from $140.00 to $152.00 and gave the company an outperform rating in a report on Wednesday, January 25th. Finally, Stephens upped their target price on Eagle Materials from $170.00 to $190.00 in a report on Friday, May 19th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Eagle Materials presently has a consensus rating of Moderate Buy and a consensus price target of $168.75.

Eagle Materials Stock Up 1.0 %

Shares of EXP opened at $166.56 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.08 and a current ratio of 2.45. Eagle Materials has a one year low of $101.98 and a one year high of $169.19. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 13.37 and a beta of 1.31. The stock has a 50 day moving average price of $149.05 and a 200 day moving average price of $141.91.

Eagle Materials (NYSE:EXP – Get Rating) last issued its earnings results on Thursday, May 18th. The construction company reported $2.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.44. The company had revenue of $470.10 million during the quarter, compared to analysts’ expectations of $452.11 million. Eagle Materials had a return on equity of 40.09% and a net margin of 21.49%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.90 EPS. Equities research analysts forecast that Eagle Materials will post 13.04 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Thursday, June 15th. Eagle Materials’s dividend payout ratio is presently 8.03%.

Insider Transactions at Eagle Materials

In related news, SVP William R. Devlin sold 4,914 shares of the stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $168.30, for a total transaction of $827,026.20. Following the transaction, the senior vice president now owns 26,269 shares of the company’s stock, valued at approximately $4,421,072.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Eagle Materials

Hedge funds have recently bought and sold shares of the company. Brinker Capital Investments LLC lifted its stake in Eagle Materials by 5.3% during the 4th quarter. Brinker Capital Investments LLC now owns 15,585 shares of the construction company’s stock worth $2,070,000 after acquiring an additional 788 shares in the last quarter. Reinhart Partners Inc. lifted its stake in Eagle Materials by 3.7% during the 4th quarter. Reinhart Partners Inc. now owns 128,054 shares of the construction company’s stock worth $17,012,000 after acquiring an additional 4,510 shares in the last quarter. First Trust Advisors LP raised its position in Eagle Materials by 3.7% in the 4th quarter. First Trust Advisors LP now owns 176,608 shares of the construction company’s stock valued at $23,462,000 after purchasing an additional 6,359 shares in the last quarter. Brandywine Global Investment Management LLC raised its position in Eagle Materials by 1.9% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 29,258 shares of the construction company’s stock valued at $3,136,000 after purchasing an additional 540 shares in the last quarter. Finally, FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new stake in Eagle Materials in the 4th quarter valued at about $205,000. Institutional investors and hedge funds own 93.67% of the company’s stock.

Eagle Materials Company Profile

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Eagle Materials, Inc engages in the provision of heavy construction materials and light building materials. It operates through the following segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The Cement segment deals with the manufacture, production, distribution, and sale of Portland cement.