Analysts Set Eagle Materials Inc. (NYSE:EXP) Target Price at $301.44

Shares of Eagle Materials Inc. (NYSE:EXP) have received an average recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $301.44.

Several equities analysts have recently issued reports on EXP shares. The Goldman Sachs Group lifted their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Truist Financial increased their price target on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Jefferies Financial Group cut Eagle Materials from a “buy” rating to a “hold” rating and decreased their target price for the stock from $330.00 to $310.00 in a research report on Monday, December 16th. Finally, 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.

Insiders Place Their Bets

In related news, CEO Michael Haack sold 11,888 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total value of $3,691,224.00. Following the completion of the sale, the chief executive officer now directly owns 85,811 shares in the company, valued at approximately $26,644,315.50. The trade was a 12.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard Ross Stewart sold 3,577 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total value of $1,074,173.10. Following the transaction, the director now owns 1,100 shares in the company, valued at approximately $330,330. This trade represents a 76.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,866 shares of company stock valued at $5,205,311 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its holdings in shares of Eagle Materials by 7.1% during the second quarter. Commonwealth Equity Services LLC now owns 2,717 shares of the construction company’s stock worth $591,000 after buying an additional 180 shares during the last quarter. American Century Companies Inc. increased its position in Eagle Materials by 18.0% during the second quarter. American Century Companies Inc. now owns 76,797 shares of the construction company’s stock worth $16,700,000 after acquiring an additional 11,702 shares during the period. Envestnet Asset Management Inc. raised its stake in Eagle Materials by 11.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 105,768 shares of the construction company’s stock valued at $23,000,000 after purchasing an additional 10,835 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Eagle Materials by 13.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 3,969 shares of the construction company’s stock valued at $863,000 after purchasing an additional 470 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Eagle Materials in the 2nd quarter worth $1,409,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Up 0.9 %

EXP stock opened at $256.82 on Friday. Eagle Materials has a 52 week low of $198.89 and a 52 week high of $321.93. 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 has a market capitalization of $8.61 billion, a price-to-earnings ratio of 18.14 and a beta of 1.37. The firm’s 50-day moving average is $273.24 and its two-hundred day moving average is $268.15.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.44). Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The firm had revenue of $623.62 million for the quarter, compared to analyst estimates of $651.46 million. During the same quarter last year, the business posted $4.28 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts forecast that Eagle Materials will post 15.11 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Monday, December 16th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.39%. The ex-dividend date of this dividend was Monday, December 16th. Eagle Materials’s payout ratio is presently 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.