Eagle Materials Inc (NYSE:EXP) Receives $235.20 Average Price Target from Brokerages

Eagle Materials Inc (NYSE:EXP) has been given an average rating of “Hold” by the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $231.90.

EXP has been the subject of several analyst reports. Wall Street Zen downgraded shares of Eagle Materials from a “hold” rating to a “sell” rating in a research report on Saturday. JPMorgan Chase & Co. cut their target price on Eagle Materials from $245.00 to $230.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Stifel Nicolaus set a $246.00 price target on Eagle Materials in a research note on Monday, October 27th. Jefferies Financial Group reaffirmed a “hold” rating and set a $226.00 price target on shares of Eagle Materials in a report on Monday, November 3rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eagle Materials in a research report on Monday, December 29th.

Eagle Materials Price Performance

EXP opened at $219.28 on Wednesday. The firm has a market cap of $6.89 billion, a PE ratio of 16.60 and a beta of 1.38. The stock has a 50-day moving average price of $220.46 and a 200-day moving average price of $224.08. Eagle Materials has a 1 year low of $191.91 and a 1 year high of $262.81. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.27 and a quick ratio of 2.68.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Thursday, January 29th. The construction company reported $3.22 EPS for the quarter, missing the consensus estimate of $3.32 by ($0.10). The firm had revenue of $555.96 million for the quarter, compared to analysts’ expectations of $556.41 million. Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the company posted $3.59 earnings per share. Sell-side analysts predict that Eagle Materials will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 12th. Stockholders of record on Monday, December 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 15th. Eagle Materials’s payout ratio is presently 7.57%.

Institutional Investors Weigh In On Eagle Materials

A number of large investors have recently added to or reduced their stakes in the stock. Focus Partners Wealth increased its holdings in Eagle Materials by 21.5% during the first quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock valued at $448,000 after buying an additional 357 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Eagle Materials by 15.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,772 shares of the construction company’s stock worth $379,000 after purchasing an additional 232 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Eagle Materials by 1,822.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 44,193 shares of the construction company’s stock worth $8,932,000 after purchasing an additional 41,894 shares during the period. HB Wealth Management LLC raised its holdings in Eagle Materials by 19.4% in the 2nd quarter. HB Wealth Management LLC now owns 1,118 shares of the construction company’s stock worth $226,000 after purchasing an additional 182 shares during the period. Finally, Asio Capital LLC lifted its position in Eagle Materials by 6.5% during the second quarter. Asio Capital LLC now owns 11,164 shares of the construction company’s stock valued at $2,256,000 after purchasing an additional 683 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.