Eagle Materials Inc. (NYSE:EXP) Receives Consensus Recommendation of “Hold” from Analysts

Eagle Materials Inc. (NYSE:EXP) has been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $296.80.

A number of research analysts recently commented on the company. The Goldman Sachs Group boosted their price target on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Loop Capital lowered 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, November 25th. Truist Financial lifted their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 4th. Citigroup downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $334.00 to $280.00 in a report on Monday, January 6th. Finally, Stephens reaffirmed an “overweight” rating and issued a $310.00 target price on shares of Eagle Materials in a report on Thursday, January 30th.

Eagle Materials Trading Down 0.4 %

Shares of Eagle Materials stock opened at $254.99 on Wednesday. Eagle Materials has a 1-year low of $211.44 and a 1-year high of $321.93. The company’s fifty day simple moving average is $257.51 and its 200-day simple moving average is $271.31. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The stock has a market capitalization of $8.49 billion, a PE ratio of 18.21 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 earnings per share for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.38). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. As a group, equities analysts anticipate that Eagle Materials will post 14.39 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.39%. The ex-dividend date is Monday, March 17th. Eagle Materials’s payout ratio is 7.14%.

Insider Transactions at Eagle Materials

In other Eagle Materials news, Director Richard Ross Stewart sold 3,577 shares of the firm’s 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 completion of the sale, the director now directly owns 1,100 shares in the company, valued at $330,330. This trade represents a 76.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Haack sold 11,888 shares of Eagle Materials stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the completion of the transaction, the chief executive officer now directly owns 85,811 shares in the company, valued at $26,644,315.50. This represents a 12.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Eagle Materials

Hedge funds have recently modified their holdings of the stock. FMR LLC increased its holdings in shares of Eagle Materials by 30.1% in the third quarter. FMR LLC now owns 3,801,257 shares of the construction company’s stock valued at $1,093,432,000 after purchasing an additional 878,400 shares during the period. JPMorgan Chase & Co. boosted its position in Eagle Materials by 60.3% in the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company’s stock valued at $499,111,000 after buying an additional 652,836 shares during the last quarter. Geode Capital Management LLC increased its holdings in Eagle Materials by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 707,607 shares of the construction company’s stock worth $203,585,000 after buying an additional 23,911 shares during the period. Baupost Group LLC MA raised its position in Eagle Materials by 46.2% during the 3rd quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock worth $143,904,000 after buying an additional 158,171 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in Eagle Materials by 2.7% during the 3rd quarter. Captrust Financial Advisors now owns 349,756 shares of the construction company’s stock valued at $100,607,000 after acquiring an additional 9,216 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.