Eagle Materials (NYSE:EXP) PT Raised to $273.00

Eagle Materials (NYSE:EXP) had its target price upped by The Goldman Sachs Group from $238.00 to $273.00 in a research note published on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the construction company’s stock.

EXP has been the topic of several other reports. Citigroup raised their target price on Eagle Materials from $244.00 to $311.00 and gave the company a buy rating in a report on Friday, April 5th. Stifel Nicolaus boosted their price objective on Eagle Materials from $250.00 to $300.00 and gave the stock a buy rating in a research report on Monday. Raymond James raised their target price on Eagle Materials from $170.00 to $230.00 and gave the company an outperform rating in a report on Monday, January 29th. Loop Capital upgraded Eagle Materials from a hold rating to a buy rating and upped their price target for the stock from $170.00 to $240.00 in a report on Monday, January 8th. Finally, Truist Financial raised their price objective on shares of Eagle Materials from $290.00 to $320.00 and gave the stock a buy rating in a research note on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $257.00.

Eagle Materials Stock Performance

Shares of EXP stock opened at $242.20 on Tuesday. The firm has a market cap of $8.34 billion, a P/E ratio of 17.09 and a beta of 1.34. The stock’s 50-day moving average is $255.14 and its two-hundred day moving average is $211.08. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.61 and a quick ratio of 1.13. Eagle Materials has a fifty-two week low of $143.39 and a fifty-two week high of $272.72.

Eagle Materials (NYSE:EXP) last posted its earnings results on Thursday, January 25th. The construction company reported $3.72 EPS for the quarter, topping the consensus estimate of $3.56 by $0.16. The company had revenue of $558.83 million during the quarter, compared to the consensus estimate of $537.23 million. Eagle Materials had a net margin of 22.24% and a return on equity of 40.05%. Analysts predict that Eagle Materials will post 14.23 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. Eagle Materials’s dividend payout ratio is currently 7.06%.

Insider Buying and Selling at Eagle Materials

In other news, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $215.60, for a total transaction of $1,078,000.00. Following the completion of the transaction, the chief financial officer now directly owns 62,610 shares of the company’s stock, valued at approximately $13,498,716. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $215.60, for a total value of $1,078,000.00. Following the sale, the chief financial officer now owns 62,610 shares of the company’s stock, valued at $13,498,716. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Eric Cribbs sold 2,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $214.66, for a total transaction of $429,320.00. Following the transaction, the insider now owns 15,654 shares of the company’s stock, valued at approximately $3,360,287.64. The disclosure for this sale can be found here. Insiders have sold 19,444 shares of company stock valued at $4,414,889 in the last 90 days. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of Eagle Materials

Several institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC bought a new position in shares of Eagle Materials during the third quarter valued at $25,000. Dark Forest Capital Management LP acquired a new stake in shares of Eagle Materials during the 1st quarter worth about $26,000. Tompkins Financial Corp bought a new position in Eagle Materials during the 1st quarter valued at about $27,000. Rise Advisors LLC acquired a new position in Eagle Materials in the first quarter valued at about $27,000. Finally, Global Wealth Management Investment Advisory Inc. bought a new stake in Eagle Materials during the fourth quarter worth about $30,000. 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; 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.