Eagle Materials Inc (NYSE:EXP) Given Consensus Rating of “Hold” by Brokerages

Shares of Eagle Materials Inc (NYSE:EXP) have received a consensus recommendation of “Hold” from the eleven analysts that are covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $224.30.

EXP has been the subject of a number of research reports. Stephens dropped their price target on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 20th. Jefferies Financial Group restated a “hold” rating and set a $200.00 price objective on shares of Eagle Materials in a research report on Wednesday, May 20th. Wells Fargo & Company upped their target price on Eagle Materials from $240.00 to $246.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Citigroup dropped their target price on Eagle Materials from $224.00 to $217.00 and set a “neutral” rating for the company in a research report on Thursday, May 21st. Finally, Zacks Research raised Eagle Materials from a “hold” rating to a “strong-buy” rating in a research note on Wednesday.

Institutional Investors Weigh In On Eagle Materials

Several hedge funds have recently added to or reduced their stakes in the business. Hilltop National Bank grew its holdings in Eagle Materials by 38.3% during the 2nd quarter. Hilltop National Bank now owns 589 shares of the construction company’s stock worth $133,000 after acquiring an additional 163 shares during the last quarter. Redwood Investment Management LLC bought a new position in shares of Eagle Materials during the first quarter valued at $1,080,000. NewEdge Advisors LLC raised its stake in shares of Eagle Materials by 4.6% during the first quarter. NewEdge Advisors LLC now owns 3,804 shares of the construction company’s stock valued at $721,000 after acquiring an additional 166 shares during the last quarter. Glenmede Trust Co. NA acquired a new position in shares of Eagle Materials during the first quarter worth $212,000. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of Eagle Materials by 32.4% during the first quarter. Segall Bryant & Hamill LLC now owns 236,441 shares of the construction company’s stock worth $44,794,000 after purchasing an additional 57,823 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Price Performance

EXP stock opened at $220.88 on Friday. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 16.83 and a beta of 1.37. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.66 and a quick ratio of 2.09. The company has a 50 day simple moving average of $213.59 and a 200 day simple moving average of $211.80. Eagle Materials has a 1 year low of $171.99 and a 1 year high of $245.53.

Eagle Materials (NYSE:EXP) last issued its earnings results on Tuesday, May 19th. The construction company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.32. The firm had revenue of $479.11 million for the quarter, compared to analyst estimates of $451.99 million. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $2.00 earnings per share. Research analysts anticipate that Eagle Materials will post 13.02 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, June 15th. Eagle Materials’s dividend payout ratio (DPR) is 7.62%.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.