Eagle Materials Inc. (NYSE:EXP) Given Average Rating of “Moderate Buy” by Analysts

Eagle Materials Inc. (NYSE:EXP) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $257.00.

EXP has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their target price on Eagle Materials from $238.00 to $273.00 and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their target price on shares of Eagle Materials from $200.00 to $265.00 and gave the stock a “neutral” rating in a research report on Friday, March 22nd. StockNews.com downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Loop Capital upgraded Eagle Materials from a “hold” rating to a “buy” rating and raised their price objective for the company from $170.00 to $240.00 in a research report on Monday, January 8th. Finally, Truist Financial boosted their target price on Eagle Materials from $290.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd.

Insider Buying and Selling at Eagle Materials

In other news, SVP William R. Devlin sold 2,354 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $214.95, for a total value of $505,992.30. Following the completion of the sale, the senior vice president now owns 24,998 shares in the company, valued at approximately $5,373,320.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP William R. Devlin sold 2,354 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $214.95, for a total value of $505,992.30. Following the sale, the senior vice president now directly owns 24,998 shares in the company, valued at $5,373,320.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Tony Thompson sold 638 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $235.07, for a total value of $149,974.66. Following the sale, the senior vice president now directly owns 14,393 shares of the company’s stock, valued at $3,383,362.51. The disclosure for this sale can be found here. Insiders have sold 19,444 shares of company stock worth $4,414,889 over the last quarter. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Eagle Materials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXP. Rise Advisors LLC purchased a new position in shares of Eagle Materials during the first quarter worth approximately $27,000. Tompkins Financial Corp bought a new stake in Eagle Materials during the 1st quarter valued at $27,000. Global Wealth Management Investment Advisory Inc. bought a new stake in Eagle Materials during the 4th quarter valued at $30,000. Larson Financial Group LLC purchased a new position in Eagle Materials during the 3rd quarter valued at about $25,000. Finally, Garner Asset Management Corp bought a new stake in shares of Eagle Materials in the 4th quarter valued at about $30,000. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Price Performance

Shares of NYSE:EXP opened at $244.62 on Thursday. The firm’s 50 day simple moving average is $255.16 and its two-hundred day simple moving average is $210.86. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.61 and a quick ratio of 1.13. The company has a market capitalization of $8.43 billion, a P/E ratio of 17.26 and a beta of 1.34. Eagle Materials has a 1-year low of $143.23 and a 1-year high of $272.72.

Eagle Materials (NYSE:EXP) last released its earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.56 by $0.16. Eagle Materials had a net margin of 22.24% and a return on equity of 40.05%. The company had revenue of $558.83 million for the quarter, compared to analysts’ expectations of $537.23 million. Research analysts expect that Eagle Materials will post 14.29 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.41%. The ex-dividend date was Thursday, March 14th. Eagle Materials’s payout ratio is 7.06%.

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; 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.