Eagle Materials Inc. (NYSE:EXP) Given Average Rating of “Moderate Buy” by Analysts

Eagle Materials Inc. (NYSE:EXP) has received an average recommendation of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $257.00.

A number of brokerages have issued reports on EXP. The Goldman Sachs Group raised their target price on shares of Eagle Materials from $238.00 to $273.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Citigroup lifted their price target on shares of Eagle Materials from $244.00 to $311.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Raymond James lifted their price target on shares of Eagle Materials from $170.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Loop Capital upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $170.00 to $240.00 in a research report on Monday, January 8th. Finally, Truist Financial lifted their target price on shares of Eagle Materials from $290.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd.

Insider Transactions at Eagle Materials

In other Eagle Materials news, EVP Matt Newby sold 2,940 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $251.15, for a total value of $738,381.00. Following the transaction, the executive vice president now directly owns 21,819 shares of the company’s stock, valued at approximately $5,479,841.85. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, SVP William R. Devlin sold 2,354 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $214.95, for a total value of $505,992.30. Following the sale, the senior vice president now directly owns 24,998 shares of the company’s stock, valued at approximately $5,373,320.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Matt Newby sold 2,940 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $251.15, for a total transaction of $738,381.00. Following the transaction, the executive vice president now directly owns 21,819 shares in the company, valued at $5,479,841.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,444 shares of company stock worth $4,414,889. 1.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. CWM LLC raised its holdings in shares of Eagle Materials by 102.0% in the third quarter. CWM LLC now owns 1,685 shares of the construction company’s stock valued at $281,000 after purchasing an additional 851 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Eagle Materials by 9.8% in the third quarter. Wealthcare Advisory Partners LLC now owns 1,232 shares of the construction company’s stock valued at $205,000 after acquiring an additional 110 shares during the period. Moody National Bank Trust Division boosted its position in shares of Eagle Materials by 22.1% in the third quarter. Moody National Bank Trust Division now owns 5,494 shares of the construction company’s stock valued at $915,000 after acquiring an additional 995 shares during the period. Ritholtz Wealth Management boosted its position in shares of Eagle Materials by 24.1% in the third quarter. Ritholtz Wealth Management now owns 3,172 shares of the construction company’s stock valued at $528,000 after acquiring an additional 617 shares during the period. Finally, Harbor Investment Advisory LLC boosted its position in shares of Eagle Materials by 31.0% in the third quarter. Harbor Investment Advisory LLC now owns 418 shares of the construction company’s stock valued at $70,000 after acquiring an additional 99 shares during the period. 96.07% of the stock is owned by institutional investors.

Eagle Materials Trading Up 2.9 %

Shares of EXP opened at $245.05 on Thursday. The company has a current ratio of 2.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $8.44 billion, a P/E ratio of 17.29 and a beta of 1.34. The stock’s fifty day simple moving average is $255.01 and its 200 day simple moving average is $212.80. Eagle Materials has a twelve month low of $143.44 and a twelve month high of $272.72.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.56 by $0.16. The firm had revenue of $558.83 million during the quarter, compared to the consensus estimate of $537.23 million. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. On average, equities research analysts forecast that Eagle Materials will post 14.23 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Thursday, March 14th. Eagle Materials’s dividend payout ratio is presently 7.06%.

About Eagle Materials

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; 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.