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

Shares of Eagle Materials Inc. (NYSE:EXP) have been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $279.67.

A number of equities analysts have issued reports on the company. Stephens increased their price target on Eagle Materials from $250.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. Truist Financial increased their price target on Eagle Materials from $290.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Citigroup reduced their target price on Eagle Materials from $311.00 to $297.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Raymond James increased their target price on Eagle Materials from $230.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. increased their target price on Eagle Materials from $200.00 to $265.00 and gave the company a “neutral” rating in a report on Friday, March 22nd.

Eagle Materials Stock Down 1.5 %

Eagle Materials stock opened at $214.29 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.06 and a current ratio of 2.62. The business’s 50-day simple moving average is $240.35 and its two-hundred day simple moving average is $237.17. The company has a market cap of $7.26 billion, a PE ratio of 15.73 and a beta of 1.32. Eagle Materials has a fifty-two week low of $145.03 and a fifty-two week high of $276.61.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Tuesday, May 21st. The construction company reported $2.24 earnings per share for the quarter, missing the consensus estimate of $2.72 by ($0.48). Eagle Materials had a net margin of 21.14% and a return on equity of 37.31%. The firm had revenue of $476.70 million for the quarter, compared to analysts’ expectations of $480.20 million. During the same quarter in the previous year, the firm posted $2.79 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities analysts anticipate that Eagle Materials will post 16.01 EPS for the current year.

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be issued a $0.25 dividend. The ex-dividend date is Monday, June 17th. This represents a $1.00 dividend on an annualized basis and a yield of 0.47%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.34%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EXP. Asset Management One Co. Ltd. purchased a new stake in Eagle Materials during the 4th quarter worth about $1,085,000. NewEdge Wealth LLC lifted its holdings in Eagle Materials by 13.4% during the 4th quarter. NewEdge Wealth LLC now owns 89,090 shares of the construction company’s stock worth $18,071,000 after buying an additional 10,514 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in Eagle Materials during the 4th quarter worth about $1,988,000. Van ECK Associates Corp lifted its holdings in Eagle Materials by 39.7% during the 4th quarter. Van ECK Associates Corp now owns 10,537 shares of the construction company’s stock worth $2,137,000 after buying an additional 2,993 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in Eagle Materials by 261.8% during the 4th quarter. TD Asset Management Inc now owns 871,970 shares of the construction company’s stock worth $176,870,000 after buying an additional 630,964 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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.