Shares of Eagle Materials Inc (NYSE:EXP – Get Free Report) have been assigned an average recommendation of “Hold” from the ten research firms that are covering the company, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $202.33.
Several research firms have weighed in on EXP. Royal Bank Of Canada lowered their price objective on Eagle Materials from $219.00 to $170.00 and set a “sector perform” rating on the stock in a research report on Friday. Wells Fargo & Company reduced their target price on shares of Eagle Materials from $196.00 to $188.00 and set an “equal weight” rating for the company in a research report on Monday. DA Davidson decreased their price target on shares of Eagle Materials from $220.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, September 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eagle Materials in a research report on Friday, September 11th. Finally, Truist Financial dropped their price objective on shares of Eagle Materials from $210.00 to $165.00 and set a “hold” rating for the company in a research note on Thursday.
Insider Activity
Hedge Funds Weigh In On Eagle Materials
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Reinhart Partners LLC. lifted its position in Eagle Materials by 5.0% during the third quarter. Reinhart Partners LLC. now owns 23,750 shares of the construction company’s stock worth $4,062,000 after purchasing an additional 1,134 shares during the period. Wedmont Private Capital acquired a new stake in Eagle Materials during the third quarter worth about $395,000. Legacy Wealth Asset Management LLC increased its holdings in Eagle Materials by 19.9% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 2,932 shares of the construction company’s stock valued at $501,000 after buying an additional 486 shares during the period. Atwood & Palmer Inc. bought a new position in Eagle Materials in the 3rd quarter valued at about $965,000. Finally, Gradient Investments LLC raised its position in shares of Eagle Materials by 29.5% in the 3rd quarter. Gradient Investments LLC now owns 6,321 shares of the construction company’s stock valued at $1,081,000 after buying an additional 1,439 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.
Eagle Materials Price Performance
Eagle Materials stock opened at $164.78 on Monday. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 13.03 and a beta of 1.33. The company has a current ratio of 3.23, a quick ratio of 1.91 and a debt-to-equity ratio of 1.17. Eagle Materials has a 12 month low of $164.09 and a 12 month high of $245.53. The stock’s 50 day moving average is $191.19 and its 200-day moving average is $201.75.
Eagle Materials (NYSE:EXP – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share for the quarter, missing the consensus estimate of $3.37 by ($0.08). Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%. The firm had revenue of $650.97 million for the quarter, compared to analyst estimates of $620.35 million. During the same period in the previous year, the business posted $3.76 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities research analysts expect that Eagle Materials will post 12.66 EPS for the current year.
Eagle Materials Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Monday, September 14th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. Eagle Materials’s dividend payout ratio (DPR) is currently 7.91%.
About Eagle Materials
Eagle Materials Inc (NYSE: EXP) is a Dallas-based manufacturer of basic building materials used in residential, commercial and infrastructure construction. Its primary products include Portland cement, ready-mixed concrete, aggregates, gypsum wallboard and gypsum paperboard.
The company operates through businesses focused on cement, concrete and aggregates, and gypsum wallboard and paperboard. Its materials are sold primarily in the United States, with production and distribution operations serving markets across several regions, including the central, southern and southwestern parts of the country.
Eagle Materials traces its origins to the construction-materials operations formerly associated with Centex Corporation and became an independent, publicly traded company in 1994.
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