Eagle Materials (NYSE:EXP) Coverage Initiated by Analysts at Stifel Nicolaus

Stifel Nicolaus started coverage on shares of Eagle Materials (NYSE:EXP - Free Report) in a research note issued to investors on Tuesday morning, MarketBeat reports. The brokerage issued a hold rating and a $242.00 target price on the construction company's stock.

Several other brokerages have also recently commented on EXP. Jefferies Financial Group cut shares of Eagle Materials from a "buy" rating to a "hold" rating and reduced their target price for the stock from $330.00 to $310.00 in a report on Monday, December 16th. Stephens restated an "overweight" rating and issued a $310.00 price objective on shares of Eagle Materials in a report on Thursday, January 30th. Loop Capital downgraded Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 target price on the stock. in a research report on Monday, November 25th. JPMorgan Chase & Co. increased their price target on Eagle Materials from $290.00 to $310.00 and gave the company a "neutral" rating in a research report on Wednesday, November 27th. Finally, Truist Financial boosted their price target on Eagle Materials from $320.00 to $330.00 and gave the stock a "buy" rating in a research report on Monday, November 4th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $292.40.

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Eagle Materials Stock Down 3.2 %

Shares of EXP traded down $6.96 during midday trading on Tuesday, hitting $213.84. The stock had a trading volume of 690,434 shares, compared to its average volume of 351,646. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 15.27 and a beta of 1.37. The company has a 50 day simple moving average of $245.06 and a two-hundred day simple moving average of $269.03. Eagle Materials has a twelve month low of $205.44 and a twelve month high of $321.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01.

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

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 17th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Monday, March 17th. Eagle Materials's dividend payout ratio is 7.14%.

Insiders Place Their Bets

In related news, Director Michael R. Nicolais bought 310 shares of the business's stock in a transaction dated Monday, February 10th. The stock was bought at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the purchase, the director now owns 3,655 shares in the company, valued at $940,650.80. This represents a 9.27 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EXP. FMR LLC boosted its holdings in shares of Eagle Materials by 30.1% during the third quarter. FMR LLC now owns 3,801,257 shares of the construction company's stock worth $1,093,432,000 after acquiring an additional 878,400 shares during the period. JPMorgan Chase & Co. grew its holdings in Eagle Materials by 3.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,801,532 shares of the construction company's stock valued at $444,546,000 after buying an additional 66,399 shares in the last quarter. Geode Capital Management LLC grew its holdings in Eagle Materials by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 722,995 shares of the construction company's stock valued at $178,450,000 after buying an additional 15,388 shares in the last quarter. Baupost Group LLC MA increased its position in Eagle Materials by 27.6% during the 4th quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company's stock worth $157,488,000 after buying an additional 137,950 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of Eagle Materials by 10.3% during the fourth quarter. Federated Hermes Inc. now owns 594,899 shares of the construction company's stock worth $146,797,000 after buying an additional 55,578 shares in the last quarter. 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.