Eagle Materials (NYSE:EXP) Rating Lowered to "Hold" at Loop Capital

Loop Capital cut shares of Eagle Materials (NYSE:EXP - Free Report) from a buy rating to a hold rating in a research note issued to investors on Monday, MarketBeat reports. They currently have $315.00 price target on the construction company's stock.

Other equities analysts also recently issued reports about the company. Citigroup boosted their price objective on Eagle Materials from $252.00 to $311.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. raised their price objective on shares of Eagle Materials from $270.00 to $290.00 and gave the company a "neutral" rating in a report on Wednesday, October 9th. Jefferies Financial Group raised their price target on Eagle Materials from $309.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Truist Financial upped 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. Finally, The Goldman Sachs Group raised 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. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $304.89.

Eagle Materials Trading Up 1.6 %

EXP traded up $4.97 during mid-day trading on Monday, hitting $319.32. 283,591 shares of the stock were exchanged, compared to its average volume of 303,697. The company has a market cap of $10.71 billion, a PE ratio of 22.63 and a beta of 1.32. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. The firm's fifty day moving average is $293.76 and its two-hundred day moving average is $258.69. Eagle Materials has a 1-year low of $177.67 and a 1-year high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last released its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.75 by ($0.44). The business had revenue of $623.62 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $4.28 earnings per share. Equities analysts forecast that Eagle Materials will post 15.24 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Monday, December 16th. Eagle Materials's dividend payout ratio is currently 7.06%.

Insider Buying and Selling

In other Eagle Materials news, Director Richard Ross Stewart sold 3,577 shares of Eagle Materials stock in a transaction on 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 transaction, the director now owns 1,100 shares of the company's stock, valued at $330,330. The trade was a 76.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Tony Thompson sold 1,401 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the sale, the senior vice president now directly owns 13,212 shares in the company, valued at $4,148,568. This trade represents a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,978 shares of company stock worth $1,791,707. Corporate insiders own 1.60% of the company's stock.

Hedge Funds Weigh In On Eagle Materials

Several hedge funds and other institutional investors have recently modified their holdings of EXP. Bessemer Group Inc. raised its position in shares of Eagle Materials by 132.7% during the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company's stock worth $31,000 after buying an additional 65 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Eagle Materials in the first quarter worth approximately $42,000. McClarren Financial Advisors Inc. lifted its position in 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 purchasing an additional 215 shares during the period. EntryPoint Capital LLC boosted its stake in Eagle Materials by 1,760.0% during the 1st quarter. EntryPoint Capital LLC now owns 186 shares of the construction company's stock valued at $51,000 after purchasing an additional 176 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Eagle Materials during the 3rd quarter valued at $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.