Eagle Materials Inc (NYSE:EXP) Stock Has Consensus Target Price of $213.67

Eagle Materials Inc (NYSE:EXP) has been given a consensus recommendation of “Hold” by the ten research firms that are covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $212.78.

Several research firms recently commented on EXP. Citigroup decreased their price target on shares of Eagle Materials from $232.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, October 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Eagle Materials in a research note on Friday, September 11th. DA Davidson dropped their price objective on shares of Eagle Materials from $220.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, September 14th. Zacks Research cut shares of Eagle Materials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Finally, Stephens increased their target price on shares of Eagle Materials from $225.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th.

Insider Buying and Selling

In other Eagle Materials news, SVP Tony Thompson sold 3,074 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $203.96, for a total transaction of $626,973.04. Following the completion of the sale, the senior vice president directly owned 10,142 shares of the company’s stock, valued at approximately $2,068,562.32. This trade represents a 23.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Eagle Materials in the 2nd quarter valued at $688,486,000. W1M Asset Management Ltd acquired a new stake in shares of Eagle Materials in the 2nd quarter worth $155,199,000. William Blair Investment Management LLC acquired a new stake in shares of Eagle Materials in the 2nd quarter worth $129,760,000. Black Creek Investment Management Inc. purchased a new stake in shares of Eagle Materials in the fourth quarter valued at about $103,778,000. Finally, Bank of America Corp DE purchased a new stake in shares of Eagle Materials in the second quarter valued at about $66,255,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Price Performance

Shares of NYSE EXP opened at $167.53 on Monday. 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 has a twelve month low of $165.30 and a twelve month high of $245.53. The stock has a 50 day moving average of $192.79 and a two-hundred day moving average of $202.06. The stock has a market cap of $5.14 billion, a P/E ratio of 13.24 and a beta of 1.33.

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

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Monday, September 14th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, September 14th. Eagle Materials’s payout ratio is 7.91%.

About Eagle Materials

Eagle Materials Inc (NYSE: EXP) is a Dallas-based manufacturer of basic building materials used in residential, commercial and infrastructure construction. Its primary products include Portland cement, ready-mixed concrete, aggregates, gypsum wallboard and gypsum paperboard.

The company operates through businesses focused on cement, concrete and aggregates, and gypsum wallboard and paperboard. Its materials are sold primarily in the United States, with production and distribution operations serving markets across several regions, including the central, southern and southwestern parts of the country.

Eagle Materials traces its origins to the construction-materials operations formerly associated with Centex Corporation and became an independent, publicly traded company in 1994.