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

Eagle Materials Inc. (NYSE:EXP) has been given an average rating of “Moderate Buy” by the nine brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $307.11.

EXP has been the topic of several recent research reports. Jefferies Financial Group increased their target price on Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Truist Financial boosted their target price on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, November 4th. The Goldman Sachs Group raised their price target on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Loop Capital cut shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 target price for the company. in a research report on Monday. Finally, Citigroup lifted their price target on shares of Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a report on Thursday, August 1st.

Insiders Place Their Bets

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value of $439,914.00. Following the sale, the senior vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George John Damiris sold 1,000 shares of Eagle Materials stock in a transaction dated Tuesday, September 17th. The shares were 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,866 shares of company stock valued at $5,482,931. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. McClarren Financial Advisors Inc. grew its stake in shares of Eagle Materials by 10,750.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock worth $47,000 after purchasing an additional 215 shares during the period. Capital Performance Advisors LLP acquired a new stake in Eagle Materials during the third quarter valued at $64,000. GAMMA Investing LLC increased its holdings 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 buying an additional 89 shares in the last quarter. Quent Capital LLC raised its position in shares of Eagle Materials by 155.3% in the third quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock worth $125,000 after acquiring an additional 264 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Eagle Materials by 22.5% during the 2nd quarter. Blue Trust Inc. now owns 680 shares of the construction company’s stock valued at $148,000 after acquiring an additional 125 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Materials Stock Down 1.3 %

Shares of NYSE EXP opened at $305.93 on Friday. The stock has a 50 day moving average price of $295.52 and a 200 day moving average price of $259.65. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of 21.61 and a beta of 1.32. Eagle Materials has a 52-week low of $177.67 and a 52-week high of $321.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34.

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

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 16th will be paid a $0.25 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.33%. Eagle Materials’s dividend payout ratio (DPR) is 7.06%.

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.