Brokerages Set Eagle Materials Inc. (NYSE:EXP) Price Target at $307.11

Eagle Materials Inc. (NYSE:EXP) has earned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $307.11.

Several research firms have recently issued reports on EXP. The Goldman Sachs Group increased their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Truist Financial upped their price objective on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Jefferies Financial Group lifted their price target on shares of Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Loop Capital downgraded Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a research note on Monday, November 25th. Finally, JPMorgan Chase & Co. upped their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th.

Eagle Materials Trading Down 0.3 %

Shares of EXP stock opened at $302.60 on Friday. Eagle Materials has a twelve month low of $182.39 and a twelve month high of $321.93. The company has a market capitalization of $10.15 billion, a price-to-earnings ratio of 21.37 and a beta of 1.33. The firm has a 50-day moving average price of $296.54 and a 200 day moving average price of $260.42. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). The company had revenue of $623.62 million during 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 revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $4.28 EPS. Research analysts forecast that Eagle Materials will post 15.24 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.33%. Eagle Materials’s dividend payout ratio (DPR) is currently 7.06%.

Insider Activity at Eagle Materials

In other Eagle Materials news, Director Richard Ross Stewart sold 3,577 shares of Eagle Materials stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the completion of the sale, the director now owns 1,100 shares of the company’s stock, valued at approximately $330,330. The trade was a 76.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George John Damiris sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the transaction, the director now owns 7,943 shares of the company’s stock, valued at $2,205,135.66. The trade was a 11.18 % 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 in the last 90 days. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Eagle Materials

Several hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. lifted its stake in Eagle Materials by 10.8% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 2,464 shares of the construction company’s stock valued at $670,000 after acquiring an additional 240 shares in the last quarter. Hancock Whitney Corp bought a new position in Eagle Materials in the first quarter valued at $586,000. Comerica Bank increased its stake in Eagle Materials by 94.8% in the 1st quarter. Comerica Bank now owns 32,772 shares of the construction company’s stock valued at $8,906,000 after buying an additional 15,949 shares during the last quarter. Cetera Investment Advisers lifted its position in Eagle Materials by 294.1% during the 1st quarter. Cetera Investment Advisers now owns 7,070 shares of the construction company’s stock worth $1,921,000 after buying an additional 5,276 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new position in shares of Eagle Materials during the 1st quarter worth about $461,000. 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.