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

Eagle Materials Inc. (NYSE:EXP) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat Ratings 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 target price among brokers that have issued a report on the stock in the last year is $307.11.

A number of equities research analysts have recently issued reports on the stock. Stephens upped 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. Citigroup boosted their target price on Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Truist Financial lifted their price objective on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. raised their target price on Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Jefferies Financial Group boosted their price target on shares of Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th.

Eagle Materials Stock Performance

EXP opened at $305.93 on Friday. The company has a market cap of $10.26 billion, a price-to-earnings ratio of 21.61 and a beta of 1.32. The firm’s fifty day simple moving average is $295.52 and its two-hundred day simple moving average is $259.65. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. Eagle Materials has a 52-week low of $177.67 and a 52-week high of $321.93.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.44). The firm had revenue of $623.62 million for the quarter, compared to analysts’ expectations of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. Eagle Materials’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $4.28 earnings per share. Equities analysts anticipate that Eagle Materials will post 15.24 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The business 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date is Monday, December 16th. Eagle Materials’s dividend payout ratio (DPR) is 7.06%.

Insider Activity at Eagle Materials

In related news, Director George John Damiris sold 1,000 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the transaction, the director now owns 7,943 shares of the company’s stock, valued at $2,205,135.66. This represents a 11.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Michael Haack sold 11,888 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value of $3,691,224.00. Following the completion of the transaction, the chief executive officer now owns 85,811 shares in the company, valued at approximately $26,644,315.50. The trade was a 12.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,866 shares of company stock worth $5,482,931. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its stake in Eagle Materials by 481.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,315 shares of the construction company’s stock worth $1,808,000 after buying an additional 6,885 shares during the last quarter. Ausbil Investment Management Ltd grew its position in shares of Eagle Materials by 400.3% during the third quarter. Ausbil Investment Management Ltd now owns 12,978 shares of the construction company’s stock worth $3,733,000 after acquiring an additional 10,384 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Eagle Materials by 441.1% in the 2nd quarter. SG Americas Securities LLC now owns 27,818 shares of the construction company’s stock valued at $6,049,000 after acquiring an additional 22,677 shares during the period. Comerica Bank raised its position in Eagle Materials by 94.8% in the 1st quarter. Comerica Bank now owns 32,772 shares of the construction company’s stock valued at $8,906,000 after purchasing an additional 15,949 shares during the last quarter. Finally, Baupost Group LLC MA grew its position in Eagle Materials by 46.2% during the 3rd quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock worth $143,904,000 after purchasing an additional 158,171 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.