Stephens Boosts Eagle Materials (NYSE:EXP) Price Target to $295.00

Eagle Materials (NYSE:EXP) had its price target increased by Stephens from $250.00 to $295.00 in a research report sent to investors on Wednesday morning, Benzinga reports. Stephens currently has an overweight rating on the construction company’s stock.

A number of other research analysts also recently weighed in on the stock. Citigroup raised their price target on shares of Eagle Materials from $244.00 to $311.00 and gave the company a buy rating in a report on Friday, April 5th. Stifel Nicolaus raised their price target on shares of Eagle Materials from $250.00 to $300.00 and gave the company a buy rating in a report on Monday, April 15th. StockNews.com downgraded shares of Eagle Materials from a buy rating to a hold rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their target price on shares of Eagle Materials from $200.00 to $265.00 and gave the stock a neutral rating in a report on Friday, March 22nd. Finally, Truist Financial lifted their target price on shares of Eagle Materials from $290.00 to $320.00 and gave the stock a buy rating in a report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $263.50.

Eagle Materials Stock Down 0.1 %

Eagle Materials stock opened at $253.13 on Wednesday. The company has a market capitalization of $8.72 billion, a P/E ratio of 17.86 and a beta of 1.34. The firm’s fifty day simple moving average is $255.43 and its 200-day simple moving average is $213.67. The company has a current ratio of 2.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. Eagle Materials has a 1-year low of $143.44 and a 1-year high of $272.72.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.56 by $0.16. The business had revenue of $558.83 million for the quarter, compared to the consensus estimate of $537.23 million. Eagle Materials had a net margin of 22.24% and a return on equity of 40.05%. Sell-side analysts forecast that Eagle Materials will post 14.23 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date was Thursday, March 14th. Eagle Materials’s dividend payout ratio is currently 7.06%.

Insider Activity

In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $215.60, for a total value of $1,078,000.00. Following the completion of the transaction, the chief financial officer now owns 62,610 shares of the company’s stock, valued at approximately $13,498,716. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $215.60, for a total value of $1,078,000.00. Following the completion of the sale, the chief financial officer now owns 62,610 shares in the company, valued at approximately $13,498,716. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Matt Newby sold 2,940 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $251.15, for a total value of $738,381.00. Following the completion of the sale, the executive vice president now owns 21,819 shares of the company’s stock, valued at approximately $5,479,841.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,444 shares of company stock valued at $4,414,889. Insiders own 1.70% of the company’s stock.

Institutional Trading of Eagle Materials

A number of hedge funds have recently modified their holdings of EXP. CWM LLC lifted its position in shares of Eagle Materials by 102.0% in the 3rd quarter. CWM LLC now owns 1,685 shares of the construction company’s stock worth $281,000 after acquiring an additional 851 shares during the period. Private Trust Co. NA lifted its position in shares of Eagle Materials by 277.4% during the 3rd quarter. Private Trust Co. NA now owns 200 shares of the construction company’s stock worth $33,000 after buying an additional 147 shares during the period. Simplicity Solutions LLC lifted its position in shares of Eagle Materials by 18.2% during the 3rd quarter. Simplicity Solutions LLC now owns 3,656 shares of the construction company’s stock worth $609,000 after buying an additional 564 shares during the period. Sheets Smith Wealth Management bought a new position in shares of Eagle Materials during the 3rd quarter worth approximately $379,000. Finally, Callahan Advisors LLC lifted its position in shares of Eagle Materials by 13.8% during the 3rd quarter. Callahan Advisors LLC now owns 37,534 shares of the construction company’s stock worth $6,250,000 after buying an additional 4,541 shares during the period. Institutional investors own 96.07% of the company’s stock.

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.