Stifel Nicolaus Boosts Eagle Materials (NYSE:EXP) Price Target to $300.00

Eagle Materials (NYSE:EXP) had its price objective upped by Stifel Nicolaus from $250.00 to $300.00 in a report published on Monday morning, Benzinga reports. They currently have a buy rating on the construction company’s stock.

A number of other equities analysts have also recently commented on EXP. Citigroup boosted their price target on shares of Eagle Materials from $244.00 to $311.00 and gave the stock a buy rating in a research note on Friday, April 5th. Raymond James boosted their price objective on shares of Eagle Materials from $170.00 to $230.00 and gave the stock an outperform rating in a report on Monday, January 29th. Loop Capital upgraded shares of Eagle Materials from a hold rating to a buy rating and boosted their price objective for the stock from $170.00 to $240.00 in a report on Monday, January 8th. JPMorgan Chase & Co. boosted their price objective on shares of Eagle Materials from $200.00 to $265.00 and gave the stock a neutral rating in a report on Friday, March 22nd. Finally, Truist Financial boosted their price objective on shares of Eagle Materials from $290.00 to $320.00 and gave the stock a buy rating in a report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $257.00.

Eagle Materials Price Performance

EXP stock opened at $244.62 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.61 and a quick ratio of 1.13. Eagle Materials has a one year low of $143.23 and a one year high of $272.72. The stock has a market cap of $8.43 billion, a PE ratio of 17.26 and a beta of 1.34. The firm has a 50 day simple moving average of $255.16 and a two-hundred day simple moving average of $210.86.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, January 25th. The construction company reported $3.72 EPS for the quarter, topping 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 business had revenue of $558.83 million during the quarter, compared to analysts’ expectations of $537.23 million. On average, analysts predict that Eagle Materials will post 14.29 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. Eagle Materials’s dividend payout ratio is currently 7.06%.

Insider Activity at Eagle Materials

In related news, SVP William R. Devlin sold 2,354 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $214.95, for a total transaction of $505,992.30. Following the completion of the sale, the senior vice president now directly owns 24,998 shares in the company, valued at approximately $5,373,320.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Eagle Materials news, EVP Matt Newby sold 2,940 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $251.15, for a total value of $738,381.00. Following the completion of the transaction, the executive vice president now directly owns 21,819 shares in the company, valued at approximately $5,479,841.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP William R. Devlin sold 2,354 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $214.95, for a total transaction of $505,992.30. Following the completion of the transaction, the senior vice president now owns 24,998 shares of the company’s stock, valued at $5,373,320.10. The disclosure for this sale can be found here. Insiders sold 19,444 shares of company stock worth $4,414,889 in the last three months. 1.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. bought a new position in Eagle Materials in the 4th quarter worth $1,085,000. NewEdge Wealth LLC grew its position in shares of Eagle Materials by 13.4% in the 4th quarter. NewEdge Wealth LLC now owns 89,090 shares of the construction company’s stock worth $18,071,000 after buying an additional 10,514 shares during the period. Mariner LLC grew its position in shares of Eagle Materials by 4.1% in the 3rd quarter. Mariner LLC now owns 9,081 shares of the construction company’s stock worth $1,512,000 after buying an additional 357 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of Eagle Materials by 185.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,193 shares of the construction company’s stock worth $534,000 after buying an additional 2,075 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Eagle Materials by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 329,032 shares of the construction company’s stock worth $54,790,000 after buying an additional 5,609 shares during the period. 96.07% of the stock is currently owned by institutional investors.

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; 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.