Eagle Materials Inc (NYSE:EXP) Receives $222.56 Average Price Target from Brokerages

Eagle Materials Inc (NYSE:EXP) has received an average recommendation of “Hold” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $222.5556.

Several analysts recently commented on EXP shares. JPMorgan Chase & Co. upgraded Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 target price on the stock in a report on Tuesday, June 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Eagle Materials in a report on Tuesday, June 16th. Wells Fargo & Company dropped their price target on shares of Eagle Materials from $240.00 to $231.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Royal Bank Of Canada upped their price objective on shares of Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 20th. Finally, Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th.

Institutional Trading of Eagle Materials

A number of institutional investors have recently bought and sold shares of EXP. Caisse de depot et placement du Quebec grew its holdings in Eagle Materials by 3.6% in the third quarter. Caisse de depot et placement du Quebec now owns 1,426 shares of the construction company’s stock worth $332,000 after purchasing an additional 50 shares during the period. M&T Bank Corp lifted its holdings in shares of Eagle Materials by 2.6% during the fourth quarter. M&T Bank Corp now owns 2,406 shares of the construction company’s stock valued at $498,000 after purchasing an additional 61 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Eagle Materials by 9.0% during the second quarter. GAMMA Investing LLC now owns 1,015 shares of the construction company’s stock valued at $228,000 after purchasing an additional 84 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Eagle Materials by 7.0% in the 1st quarter. QRG Capital Management Inc. now owns 1,294 shares of the construction company’s stock worth $245,000 after purchasing an additional 85 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Eagle Materials by 102.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after purchasing an additional 87 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Down 2.2%

Shares of EXP opened at $201.08 on Friday. The stock’s 50-day moving average price is $214.33 and its two-hundred day moving average price is $209.21. Eagle Materials has a 12 month low of $171.99 and a 12 month high of $245.53. The company has a market capitalization of $6.17 billion, a PE ratio of 15.90 and a beta of 1.39. The company has a current ratio of 3.23, a quick ratio of 1.91 and a debt-to-equity ratio of 1.17.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share for the quarter, missing the consensus estimate of $3.37 by ($0.08). Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The company had revenue of $650.97 million during the quarter, compared to analyst estimates of $620.35 million. During the same period in the previous year, the company posted $3.76 EPS. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts anticipate that Eagle Materials will post 12.66 EPS for the current year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Monday, September 14th will be issued a $0.25 dividend. The ex-dividend date is Monday, September 14th. This represents a $1.00 annualized dividend and a yield of 0.5%. Eagle Materials’s payout ratio is presently 7.91%.

About Eagle Materials

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.