Brokerages Set Eagle Materials Inc. (NYSE:EXP) Target Price at $289.78

Eagle Materials Inc. (NYSE:EXP) has received an average rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $289.78.

A number of research analysts recently issued reports on the company. Raymond James lowered Eagle Materials from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th. Loop Capital decreased their target price on Eagle Materials from $310.00 to $305.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Stephens lifted their target price on Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Stifel Nicolaus decreased their target price on Eagle Materials from $300.00 to $286.00 and set a “buy” rating for the company in a report on Wednesday, May 22nd. Finally, Jefferies Financial Group lifted their target price on Eagle Materials from $270.00 to $283.00 and gave the company a “buy” rating in a report on Wednesday, July 17th.

Eagle Materials Trading Up 0.9 %

EXP opened at $280.72 on Friday. Eagle Materials has a 52 week low of $145.03 and a 52 week high of $283.18. The business has a fifty day simple moving average of $246.57 and a 200-day simple moving average of $246.18. The firm has a market cap of $9.50 billion, a P/E ratio of 20.61 and a beta of 1.32. The company has a quick ratio of 1.17, a current ratio of 2.45 and a debt-to-equity ratio of 0.81.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, July 30th. The construction company reported $3.94 EPS for the quarter, topping the consensus estimate of $3.57 by $0.37. Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. The business had revenue of $608.69 million during the quarter, compared to analyst estimates of $622.06 million. During the same period last year, the business posted $3.55 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities analysts expect that Eagle Materials will post 15.9 earnings per share for the current year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Tuesday, September 17th. Eagle Materials’s dividend payout ratio (DPR) is 7.34%.

Insider Transactions at Eagle Materials

In related news, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $266.76, for a total transaction of $1,333,800.00. Following the completion of the transaction, the chief financial officer now directly owns 60,488 shares in the company, valued at approximately $16,135,778.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $266.76, for a total transaction of $1,333,800.00. Following the completion of the transaction, the chief financial officer now directly owns 60,488 shares in the company, valued at approximately $16,135,778.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric Cribbs sold 1,851 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $277.06, for a total value of $512,838.06. Following the completion of the transaction, the insider now owns 13,937 shares of the company’s stock, valued at $3,861,385.22. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new position in Eagle Materials in the 2nd quarter valued at $523,000. Dana Investment Advisors Inc. raised its holdings in Eagle Materials by 5.6% in the 2nd quarter. Dana Investment Advisors Inc. now owns 5,931 shares of the construction company’s stock valued at $1,290,000 after acquiring an additional 315 shares during the last quarter. Delphi Management Inc. MA raised its holdings in Eagle Materials by 6.9% in the 2nd quarter. Delphi Management Inc. MA now owns 7,808 shares of the construction company’s stock valued at $1,698,000 after acquiring an additional 503 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Eagle Materials by 1,433.5% during the 2nd quarter. Millennium Management LLC now owns 15,320 shares of the construction company’s stock worth $3,331,000 after buying an additional 14,321 shares during the last quarter. Finally, Alpha DNA Investment Management LLC increased its holdings in shares of Eagle Materials by 22.4% during the 2nd quarter. Alpha DNA Investment Management LLC now owns 1,724 shares of the construction company’s stock worth $375,000 after buying an additional 316 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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, including Portland limestone 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, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.