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

Shares of Eagle Materials Inc. (NYSE:EXP) have been given an average recommendation of “Moderate Buy” by the nine ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $257.00.

Several analysts have issued reports on EXP shares. Truist Financial upped their price target on shares of Eagle Materials from $290.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Stifel Nicolaus upped their price target on shares of Eagle Materials from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, April 15th. Raymond James upped their price target on shares of Eagle Materials from $170.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. JPMorgan Chase & Co. increased their price objective on shares of Eagle Materials from $200.00 to $265.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. Finally, Citigroup lifted their price target on shares of Eagle Materials from $244.00 to $311.00 and gave the company a “buy” rating in a report on Friday, April 5th.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $215.60, for a total value of $1,078,000.00. Following the completion of the sale, the chief financial officer now directly owns 62,610 shares in the company, valued at approximately $13,498,716. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Eric Cribbs sold 2,000 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $214.66, for a total transaction of $429,320.00. Following the completion of the sale, the insider now directly owns 15,654 shares in the company, valued at approximately $3,360,287.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction on Friday, January 26th. The stock was 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 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 quarter. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Eagle Materials

A number of hedge funds have recently made changes to their positions in the stock. FMR LLC lifted its stake in shares of Eagle Materials by 41.0% during the 3rd quarter. FMR LLC now owns 2,510,906 shares of the construction company’s stock worth $418,116,000 after purchasing an additional 730,454 shares during the last quarter. Invesco Ltd. raised its stake in Eagle Materials by 22.8% in the third quarter. Invesco Ltd. now owns 1,097,542 shares of the construction company’s stock valued at $182,763,000 after buying an additional 203,862 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in Eagle Materials by 7.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 957,818 shares of the construction company’s stock valued at $194,284,000 after buying an additional 63,636 shares during the last quarter. TD Asset Management Inc raised its stake in Eagle Materials by 261.8% in the fourth quarter. TD Asset Management Inc now owns 871,970 shares of the construction company’s stock valued at $176,870,000 after buying an additional 630,964 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Eagle Materials by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 716,585 shares of the construction company’s stock valued at $145,356,000 after buying an additional 14,416 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Materials Trading Up 2.9 %

Shares of EXP stock opened at $245.05 on Thursday. Eagle Materials has a 12-month low of $143.44 and a 12-month high of $272.72. The company has a market capitalization of $8.44 billion, a P/E ratio of 17.29 and a beta of 1.34. The company has a quick ratio of 1.13, a current ratio of 2.61 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $255.01 and a 200 day moving average price of $212.80.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.56 by $0.16. The business 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%. Research analysts forecast that Eagle Materials will post 14.23 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Thursday, March 14th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

About Eagle Materials

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.