#5 - Eagle Materials (NYSE:EXP)
Another mid-cap stock for investors to consider is Eagle Materials, Inc. (NYSE: EXP). What makes Eagle Materials stand out is that, according to the company, 100% of its concrete and cement is produced in America. At a time when companies are paying close attention to their supply chain, this could be an interesting strategic advantage for the company.
In May 2023, Eagle completed its acquisition of Martin Marietta’s cement import and distribution business in California. This went along with another acquisition in Colorado. These acquisitions are already bolstering the company’s top-line revenue. This may explain why Eagle Materials is a favorite among institutional investors, with over 93% institutional ownership.
EXP stock is up more than 53% in the last five years. Eagle Materials also pays a dividend, albeit a modest one, with a yield of just 0.60%. The stock does carry a beta value of 1.31 which is on the high end of others in its sector.
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.
Read More - Current Price
- $311.92
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 7 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $303.78 (2.6% Downside)
