Eagle Materials (NYSE:EXP) Given New $310.00 Price Target at JPMorgan Chase & Co.

Eagle Materials (NYSE:EXP) had its target price upped by JPMorgan Chase & Co. from $290.00 to $310.00 in a research note issued to investors on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the construction company’s stock.

Several other equities analysts have also recently issued reports on EXP. Truist Financial lifted 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. Citigroup lifted their price objective on shares of Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Jefferies Financial Group lifted their price objective on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Stephens lifted their price objective on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Loop Capital cut shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research note on Monday, November 25th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $307.11.

Eagle Materials Stock Up 1.0 %

Eagle Materials stock opened at $308.92 on Wednesday. The stock has a market cap of $10.36 billion, a price-to-earnings ratio of 21.82 and a beta of 1.32. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The company’s 50-day moving average price is $295.80 and its two-hundred day moving average price is $259.97. Eagle Materials has a 52 week low of $178.42 and a 52 week high of $321.93.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.44). The company had revenue of $623.62 million for the quarter, compared to analyst estimates of $651.46 million. Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $4.28 EPS. On average, analysts expect that Eagle Materials will post 15.24 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Monday, December 16th. Eagle Materials’s dividend payout ratio (DPR) is currently 7.06%.

Insider Transactions at Eagle Materials

In related news, Director George John Damiris sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total transaction of $277,620.00. Following the completion of the sale, the director now directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. This trade represents a 11.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Tony Thompson sold 1,401 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the sale, the senior vice president now owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. This represents a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,866 shares of company stock valued at $5,482,931 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Eagle Materials

Several institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. lifted its stake in Eagle Materials by 132.7% in the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Eagle Materials in the first quarter valued at approximately $42,000. McClarren Financial Advisors Inc. lifted its stake in Eagle Materials by 10,750.0% in the second quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock valued at $47,000 after acquiring an additional 215 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Eagle Materials in the third quarter valued at approximately $64,000. Finally, GAMMA Investing LLC lifted its stake in Eagle Materials by 23.3% in the second quarter. GAMMA Investing LLC now owns 471 shares of the construction company’s stock valued at $102,000 after acquiring an additional 89 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.