Eagle Materials Inc. (NYSE:EXP) Receives $232.50 Consensus PT from Brokerages

Shares of Eagle Materials Inc. (NYSE:EXP) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $232.50.

A number of analysts have issued reports on the stock. Truist Financial lifted their target price on shares of Eagle Materials from $250.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Citigroup lifted their target price on shares of Eagle Materials from $234.00 to $244.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Raymond James lifted their target price on shares of Eagle Materials from $170.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. The Goldman Sachs Group lifted their target price on shares of Eagle Materials from $215.00 to $238.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, Loop Capital upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and lifted their target price for the company from $170.00 to $240.00 in a research note on Monday, January 8th.

Insider Transactions at Eagle Materials

In other news, SVP Tony Thompson sold 638 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $235.07, for a total value of $149,974.66. Following the completion of the sale, the senior vice president now directly owns 14,393 shares in the company, valued at $3,383,362.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $215.60, for a total transaction of $1,078,000.00. Following the transaction, the chief financial officer now owns 62,610 shares of the company’s stock, valued at $13,498,716. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tony Thompson sold 638 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $235.07, for a total transaction of $149,974.66. Following the transaction, the senior vice president now directly owns 14,393 shares in the company, valued at approximately $3,383,362.51. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,444 shares of company stock worth $4,414,889. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Eagle Materials

A number of institutional investors and hedge funds have recently bought and sold shares of EXP. FMR LLC increased its position in Eagle Materials by 41.0% during the third quarter. FMR LLC now owns 2,510,906 shares of the construction company’s stock worth $418,116,000 after acquiring an additional 730,454 shares during the period. TD Asset Management Inc increased its position in Eagle Materials by 261.8% during the fourth quarter. TD Asset Management Inc now owns 871,970 shares of the construction company’s stock worth $176,870,000 after acquiring an additional 630,964 shares during the period. William Blair Investment Management LLC increased its position in Eagle Materials by 271.7% during the third quarter. William Blair Investment Management LLC now owns 666,874 shares of the construction company’s stock worth $111,048,000 after acquiring an additional 487,454 shares during the period. Norges Bank bought a new position in Eagle Materials during the fourth quarter worth $60,428,000. Finally, Epoch Investment Partners Inc. increased its position in Eagle Materials by 133.0% during the fourth quarter. Epoch Investment Partners Inc. now owns 662,628 shares of the construction company’s stock worth $134,407,000 after acquiring an additional 378,296 shares during the period. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Performance

Shares of EXP opened at $271.75 on Friday. The company’s 50 day moving average price is $244.84 and its 200 day moving average price is $201.99. Eagle Materials has a 52 week low of $135.17 and a 52 week high of $272.72. The company has a market capitalization of $9.36 billion, a PE ratio of 19.18 and a beta of 1.34. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 2.61.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Thursday, January 25th. The construction company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.56 by $0.16. Eagle Materials had a net margin of 22.24% and a return on equity of 40.05%. The firm had revenue of $558.83 million for the quarter, compared to the consensus estimate of $537.23 million. Research analysts expect that Eagle Materials will post 14.26 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, March 14th. Eagle Materials’s payout ratio is 7.06%.

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; 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.