Analysts Set Eagle Materials Inc. (NYSE:EXP) Target Price at $297.78

Shares of Eagle Materials Inc. (NYSE:EXP) have earned an average rating of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $297.78.

A number of brokerages have recently issued reports on EXP. Citigroup raised their price objective on Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Jefferies Financial Group increased their target price on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday. Stephens increased their target price on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, Raymond James lowered shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th.

Insider Activity

In related news, Director George John Damiris sold 1,000 shares of the firm’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 transaction of $277,620.00. Following the completion of the sale, the director now owns 7,943 shares of the company’s stock, valued at $2,205,135.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $266.76, for a total transaction of $1,333,800.00. Following the transaction, the chief financial officer now owns 60,488 shares in the company, valued at $16,135,778.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director George John Damiris sold 1,000 shares of Eagle Materials stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the transaction, the director now owns 7,943 shares in the company, valued at $2,205,135.66. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,851 shares of company stock worth $2,124,258. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. boosted its stake in shares of Eagle Materials by 13.0% during the 1st quarter. Advisors Asset Management Inc. now owns 35,894 shares of the construction company’s stock worth $9,754,000 after acquiring an additional 4,130 shares during the last quarter. M&G Plc purchased a new position in shares of Eagle Materials during the 1st quarter valued at $9,628,000. Mad River Investors purchased a new position in shares of Eagle Materials during the 1st quarter valued at $1,552,000. Los Angeles Capital Management LLC lifted its stake in shares of Eagle Materials by 2.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 255,775 shares of the construction company’s stock valued at $69,507,000 after buying an additional 4,947 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Eagle Materials by 1.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 351,258 shares of the construction company’s stock valued at $95,455,000 after buying an additional 3,897 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Up 0.9 %

EXP opened at $291.93 on Thursday. The stock has a market cap of $9.88 billion, a PE ratio of 21.43 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 has a 52 week low of $145.03 and a 52 week high of $295.34. The business’s fifty day simple moving average is $264.53 and its 200 day simple moving average is $250.09.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $3.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.57 by $0.37. Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. The firm had revenue of $608.69 million for the quarter, compared to analysts’ expectations of $622.06 million. During the same period last year, the firm earned $3.55 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts expect that Eagle Materials will post 15.9 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Tuesday, September 17th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 17th. This represents a $1.00 annualized dividend and a dividend yield of 0.34%. Eagle Materials’s payout ratio is 7.34%.

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.