Eagle Materials (NYSE:EXP) Cut to Hold at Loop Capital

Loop Capital lowered shares of Eagle Materials (NYSE:EXP) from a buy rating to a hold rating in a research report report published on Monday, MarketBeat.com reports. They currently have $315.00 target price on the construction company’s stock.

A number of other equities analysts have also commented on the stock. Jefferies Financial Group boosted their price objective 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. The Goldman Sachs Group boosted their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Truist Financial boosted their price objective on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Stephens boosted their price objective 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. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $307.11.

Eagle Materials Stock Down 1.3 %

EXP stock opened at $305.93 on Monday. The stock has a market capitalization of $10.26 billion, a P/E ratio of 21.57 and a beta of 1.32. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34. Eagle Materials has a one year low of $177.67 and a one year high of $321.93. The company has a 50 day moving average price of $295.08 and a two-hundred day moving average price of $259.32.

Eagle Materials (NYSE:EXP) last released its earnings results on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $651.46 million. During the same period in the previous year, the firm posted $4.28 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. As a group, sell-side analysts expect that Eagle Materials will post 15.24 EPS for the current year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.33%. Eagle Materials’s dividend payout ratio (DPR) is 7.06%.

Insider Transactions at Eagle Materials

In related news, SVP Tony Thompson sold 1,401 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total transaction of $439,914.00. Following the transaction, the senior vice president now owns 13,212 shares of the company’s stock, valued at approximately $4,148,568. The trade was a 9.59 % decrease in their ownership of the stock. 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 sale, the director now owns 7,943 shares in the company, 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 have sold a total of 17,866 shares of company stock worth $5,482,931 in the last 90 days. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Eagle Materials

Institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. grew its holdings in shares of Eagle Materials by 132.7% during the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Eagle Materials during the 1st quarter worth about $42,000. EntryPoint Capital LLC increased its position in Eagle Materials by 1,760.0% in the 1st quarter. EntryPoint Capital LLC now owns 186 shares of the construction company’s stock valued at $51,000 after acquiring an additional 176 shares in the last quarter. McClarren Financial Advisors Inc. raised its stake in shares of Eagle Materials by 10,750.0% in the second quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock worth $47,000 after acquiring an additional 215 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Eagle Materials during the third quarter worth approximately $64,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.