Eagle Materials Inc. (NYSE:EXP) Receives $307.11 Consensus Target Price from Analysts

Shares of Eagle Materials Inc. (NYSE:EXP) have been given a consensus rating of “Moderate Buy” by the nine ratings firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $307.11.

A number of equities analysts have commented on EXP shares. The Goldman Sachs Group raised their price objective on Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Truist Financial boosted their price target on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Loop Capital downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a research note on Monday, November 25th. JPMorgan Chase & Co. raised their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Finally, Jefferies Financial Group upped their price target on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th.

Insider Activity at Eagle Materials

In other news, CEO Michael Haack sold 11,888 shares of Eagle Materials stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the sale, the chief executive officer now directly owns 85,811 shares of the company’s stock, valued at approximately $26,644,315.50. This trade represents a 12.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director George John Damiris sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total value of $277,620.00. Following the completion of the transaction, the director now directly owns 7,943 shares of the company’s stock, valued at $2,205,135.66. This represents a 11.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,866 shares of company stock valued at $5,482,931 in the last quarter. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Eagle Materials

Institutional investors and hedge funds have recently made changes to their positions in the stock. McClarren Financial Advisors Inc. lifted its holdings in Eagle Materials by 10,750.0% in the second quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock valued at $47,000 after buying an additional 215 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Eagle Materials in the 3rd quarter valued at about $64,000. GAMMA Investing LLC boosted its position in shares of Eagle Materials by 23.3% during the 2nd quarter. GAMMA Investing LLC now owns 471 shares of the construction company’s stock valued at $102,000 after purchasing an additional 89 shares in the last quarter. Quent Capital LLC grew its stake in Eagle Materials by 155.3% during the third quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock worth $125,000 after purchasing an additional 264 shares during the period. Finally, Blue Trust Inc. increased its holdings in Eagle Materials by 22.5% in the second quarter. Blue Trust Inc. now owns 680 shares of the construction company’s stock worth $148,000 after purchasing an additional 125 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Up 1.0 %

EXP opened at $308.92 on Friday. Eagle Materials has a 1-year low of $178.42 and a 1-year high of $321.93. The stock has a market cap of $10.36 billion, a PE ratio of 21.82 and a beta of 1.32. The stock’s fifty day simple moving average is $296.22 and its 200 day simple moving average is $260.20. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74.

Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The firm had revenue of $623.62 million for the quarter, compared to analyst estimates of $651.46 million. During the same period in the prior year, the business posted $4.28 EPS. The firm’s quarterly revenue was up .2% compared to the same quarter last year. As a group, research analysts expect that Eagle Materials will post 15.24 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Investors of record on Monday, December 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Monday, December 16th. Eagle Materials’s dividend payout ratio is 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, 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.