Eagle Materials Inc. (NYSE:EXP) Receives Consensus Recommendation of "Hold" from Analysts

Eagle Materials Inc. (NYSE:EXP - Get Free Report) has received an average rating of "Hold" from the ten ratings firms that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $296.80.

A number of analysts have recently commented on EXP shares. The Goldman Sachs Group upped their price target on Eagle Materials from $277.00 to $317.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Citigroup downgraded shares of Eagle Materials from a "buy" rating to a "neutral" rating and lowered their target price for the company from $334.00 to $280.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. boosted their price target on shares of Eagle Materials from $290.00 to $310.00 and gave the company a "neutral" rating in a report on Wednesday, November 27th. Loop Capital cut shares of Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price objective for the company. in a research report on Monday, November 25th. Finally, Truist Financial lifted their target price on Eagle Materials from $320.00 to $330.00 and gave the stock a "buy" rating in a report on Monday, November 4th.

Eagle Materials Trading Up 0.8 %

NYSE EXP traded up $1.97 during trading hours on Wednesday, hitting $252.47. The company's stock had a trading volume of 239,537 shares, compared to its average volume of 306,511. The stock has a fifty day moving average of $254.52 and a 200 day moving average of $271.06. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. Eagle Materials has a twelve month low of $211.44 and a twelve month high of $321.93. The firm has a market capitalization of $8.40 billion, a P/E ratio of 18.03 and a beta of 1.37.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. Equities research analysts forecast that Eagle Materials will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 17th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.40%. Eagle Materials's payout ratio is presently 7.14%.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, Director Michael R. Nicolais acquired 310 shares of Eagle Materials stock in a transaction dated Monday, February 10th. The stock was bought at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the purchase, the director now directly owns 3,655 shares in the company, valued at approximately $940,650.80. This represents a 9.27 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Richard Ross Stewart sold 3,577 shares of Eagle Materials stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total value of $1,074,173.10. Following the completion of the sale, the director now directly owns 1,100 shares in the company, valued at approximately $330,330. This represents a 76.48 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On Eagle Materials

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC lifted its stake in Eagle Materials by 78.1% in the third quarter. Barclays PLC now owns 37,948 shares of the construction company's stock valued at $10,915,000 after acquiring an additional 16,645 shares during the last quarter. Ausbil Investment Management Ltd raised its holdings in shares of Eagle Materials by 400.3% in the 3rd quarter. Ausbil Investment Management Ltd now owns 12,978 shares of the construction company's stock valued at $3,733,000 after purchasing an additional 10,384 shares during the period. Baupost Group LLC MA lifted its stake in Eagle Materials by 46.2% in the 3rd quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company's stock valued at $143,904,000 after purchasing an additional 158,171 shares during the last quarter. Entropy Technologies LP bought a new position in Eagle Materials during the third quarter worth about $920,000. Finally, Natixis Advisors LLC increased its position in Eagle Materials by 11.8% during the third quarter. Natixis Advisors LLC now owns 27,265 shares of the construction company's stock worth $7,843,000 after buying an additional 2,871 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

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.