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

Eagle Materials Inc. (NYSE:EXP - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nine analysts that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $304.89.

A number of equities research analysts have recently weighed in on the company. Loop Capital cut Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price target on the stock. in a report on Monday, November 25th. The Goldman Sachs Group increased their price target on Eagle Materials from $277.00 to $317.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Truist Financial lifted their price objective on shares of Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a research note on Monday, November 4th. JPMorgan Chase & Co. raised their target price on shares of Eagle Materials from $290.00 to $310.00 and gave the company a "neutral" rating in a research note on Wednesday, November 27th. Finally, Jefferies Financial Group cut shares of Eagle Materials from a "buy" rating to a "hold" rating and decreased their price objective for the company from $330.00 to $310.00 in a report on Monday, December 16th.

Insider Activity

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total value of $439,914.00. Following the completion of the sale, the senior vice president now owns 13,212 shares of the company's stock, valued at $4,148,568. The trade was a 9.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction, the chief executive officer now directly owns 85,811 shares in the company, valued at approximately $26,644,315.50. This represents a 12.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,866 shares of company stock worth $5,205,311 over the last quarter. Corporate insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On Eagle Materials

Large investors have recently added to or reduced their stakes in the stock. McClarren Financial Advisors Inc. lifted its position in shares of Eagle Materials by 10,750.0% in the 2nd 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 period. Capital Performance Advisors LLP acquired a new stake in Eagle Materials during the third quarter valued at approximately $64,000. Quent Capital LLC grew its stake in shares of Eagle Materials by 155.3% in the 3rd quarter. Quent Capital LLC now owns 434 shares of the construction company's stock valued at $125,000 after purchasing an additional 264 shares during the period. GAMMA Investing LLC lifted its position in shares of Eagle Materials by 29.7% during the 3rd quarter. GAMMA Investing LLC now owns 611 shares of the construction company's stock worth $176,000 after buying an additional 140 shares during the period. Finally, Central Pacific Bank Trust Division lifted its holdings in shares of Eagle Materials by 23.5% during the third quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company's stock valued at $181,000 after acquiring an additional 120 shares during the period. Institutional investors own 96.07% of the company's stock.

Eagle Materials Stock Performance

EXP stock traded up $1.32 during midday trading on Tuesday, reaching $250.23. The company had a trading volume of 87,933 shares, compared to its average volume of 305,832. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. The stock has a 50 day moving average price of $293.08 and a 200 day moving average price of $264.57. The firm has a market capitalization of $8.39 billion, a PE ratio of 17.67 and a beta of 1.33. Eagle Materials has a fifty-two week low of $195.93 and a fifty-two week high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share 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 company had revenue of $623.62 million during the quarter, compared to analyst estimates of $651.46 million. During the same period in the prior year, the business earned $4.28 earnings per share. Eagle Materials's quarterly revenue was up .2% on a year-over-year basis. Analysts anticipate that Eagle Materials will post 15.24 earnings per share for the current year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend is Monday, December 16th. Eagle Materials's dividend payout ratio (DPR) is currently 7.06%.

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.