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

Shares of Eagle Materials Inc. (NYSE:EXPGet Free Report) have earned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $279.67.

EXP has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Citigroup decreased their price objective on shares of Eagle Materials from $311.00 to $297.00 and set a “buy” rating for the company in a research note on Thursday, May 23rd. JPMorgan Chase & Co. raised their price objective on shares of Eagle Materials from $200.00 to $265.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. Loop Capital decreased their price objective on shares of Eagle Materials from $310.00 to $305.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd. Finally, Stifel Nicolaus decreased their price objective on shares of Eagle Materials from $300.00 to $286.00 and set a “buy” rating for the company in a research note on Wednesday, May 22nd.

View Our Latest Stock Report on EXP

Eagle Materials Trading Down 1.1 %

Shares of NYSE:EXP opened at $227.40 on Friday. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 16.70 and a beta of 1.33. Eagle Materials has a 1-year low of $145.03 and a 1-year high of $276.61. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.06 and a current ratio of 2.62. The company has a 50 day moving average price of $252.06 and a 200 day moving average price of $231.97.

Eagle Materials (NYSE:EXPGet Free Report) last issued its earnings results on Tuesday, May 21st. The construction company reported $2.24 earnings per share for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.48). The business had revenue of $476.70 million for the quarter, compared to the consensus estimate of $480.20 million. Eagle Materials had a return on equity of 37.31% and a net margin of 21.14%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.79 earnings per share. On average, research analysts anticipate that Eagle Materials will post 15.95 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Monday, June 17th. Eagle Materials’s dividend payout ratio (DPR) is currently 7.34%.

Institutional Investors Weigh In On Eagle Materials

Institutional investors have recently modified their holdings of the stock. Eagle Bay Advisors LLC raised its holdings in shares of Eagle Materials by 79.2% during the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock valued at $26,000 after purchasing an additional 42 shares in the last quarter. Rise Advisors LLC bought a new position in shares of Eagle Materials during the 1st quarter valued at $27,000. YHB Investment Advisors Inc. bought a new position in shares of Eagle Materials during the 1st quarter valued at $27,000. Tompkins Financial Corp bought a new position in shares of Eagle Materials during the 1st quarter valued at $27,000. Finally, Bessemer Group Inc. raised its holdings in shares of Eagle Materials by 132.7% during the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

About Eagle Materials

(Get Free Report

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.

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Analyst Recommendations for Eagle Materials (NYSE:EXP)

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