Loop Capital Trims Eagle Materials (NYSE:EXP) Target Price to $305.00

Eagle Materials (NYSE:EXP) had its target price reduced by Loop Capital from $310.00 to $305.00 in a report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other equities analysts also recently weighed in on EXP. JPMorgan Chase & Co. raised their price objective on Eagle Materials from $200.00 to $265.00 and gave the company a neutral rating in a research note on Friday, March 22nd. The Goldman Sachs Group lifted their price target on Eagle Materials from $238.00 to $273.00 and gave the stock a buy rating in a research note on Tuesday, April 16th. Stifel Nicolaus lowered their price objective on shares of Eagle Materials from $300.00 to $286.00 and set a buy rating on the stock in a research note on Wednesday. StockNews.com upgraded shares of Eagle Materials from a hold rating to a buy rating in a research report on Tuesday, May 21st. Finally, Citigroup upped their price target on shares of Eagle Materials from $244.00 to $311.00 and gave the company a buy rating in a report on Friday, April 5th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $279.67.

Eagle Materials Price Performance

Eagle Materials stock opened at $238.27 on Wednesday. The company has a market cap of $8.08 billion, a P/E ratio of 17.49 and a beta of 1.35. Eagle Materials has a one year low of $145.03 and a one year high of $276.61. The business has a fifty day moving average of $258.13 and a two-hundred day moving average of $228.63. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.13 and a current ratio of 2.62.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, May 21st. The construction company reported $2.24 EPS for the quarter, missing the consensus estimate of $2.72 by ($0.48). Eagle Materials had a net margin of 21.14% and a return on equity of 37.31%. The company had revenue of $476.70 million during the quarter, compared to analyst estimates of $480.20 million. During the same quarter last year, the business earned $2.79 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, analysts predict that Eagle Materials will post 15.95 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 17th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, June 17th. Eagle Materials’s dividend payout ratio is presently 7.34%.

Insider Activity at Eagle Materials

In other Eagle Materials news, EVP Matt Newby sold 2,940 shares of Eagle Materials stock in a transaction that occurred 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 sale, the executive vice president now directly owns 21,819 shares of the company’s stock, valued at approximately $5,479,841.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.70% of the company’s stock.

Institutional Trading of Eagle Materials

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXP. FMR LLC boosted its position in shares of Eagle Materials by 41.0% in 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 last quarter. Invesco Ltd. grew its stake in shares of Eagle Materials by 22.8% during the 3rd quarter. Invesco Ltd. now owns 1,097,542 shares of the construction company’s stock valued at $182,763,000 after buying an additional 203,862 shares during the period. Frontier Capital Management Co. LLC increased its holdings in shares of Eagle Materials by 7.1% during the 4th quarter. Frontier Capital Management Co. LLC now owns 957,818 shares of the construction company’s stock worth $194,284,000 after buying an additional 63,636 shares during the last quarter. TD Asset Management Inc raised its position in shares of Eagle Materials by 5.5% in the 1st quarter. TD Asset Management Inc now owns 919,714 shares of the construction company’s stock worth $249,932,000 after buying an additional 47,744 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Eagle Materials by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 716,585 shares of the construction company’s stock valued at $145,356,000 after acquiring an additional 14,416 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.