Eagle Materials Inc. (NYSE:EXP – Get Rating) has received a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $166.40.
Several analysts have commented on the stock. Truist Financial dropped their price objective on shares of Eagle Materials from $172.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, May 23rd. StockNews.com raised shares of Eagle Materials from a “hold” rating to a “buy” rating in a report on Monday, May 23rd. DA Davidson reduced their price objective on Eagle Materials from $160.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, May 20th. Finally, The Goldman Sachs Group lowered their target price on Eagle Materials from $190.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday, May 20th.
Shares of Eagle Materials stock opened at $112.96 on Friday. The company has a quick ratio of 0.99, a current ratio of 2.13 and a debt-to-equity ratio of 0.83. The company has a market cap of $4.30 billion, a P/E ratio of 12.36 and a beta of 1.27. The firm’s 50 day moving average price is $121.47 and its 200-day moving average price is $133.76. Eagle Materials has a 52-week low of $105.34 and a 52-week high of $169.15.
Eagle Materials (NYSE:EXP – Get Rating) last announced its earnings results on Thursday, May 19th. The construction company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.17. Eagle Materials had a return on equity of 30.51% and a net margin of 20.10%. The firm had revenue of $413.10 million for the quarter, compared to the consensus estimate of $400.68 million. During the same period in the previous year, the business earned $1.56 EPS. The firm’s revenue for the quarter was up 20.3% on a year-over-year basis. As a group, equities research analysts forecast that Eagle Materials will post 11.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Wednesday, June 15th. Eagle Materials’s payout ratio is 10.94%.
In related news, EVP James H. Graass sold 9,092 shares of Eagle Materials stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $125.02, for a total transaction of $1,136,681.84. Following the transaction, the executive vice president now owns 20,090 shares in the company, valued at $2,511,651.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ed H. Bowman, Jr. sold 1,828 shares of the company’s stock in a transaction on Friday, June 17th. The shares were sold at an average price of $110.15, for a total value of $201,354.20. Following the completion of the sale, the director now owns 10,485 shares of the company’s stock, valued at $1,154,922.75. The disclosure for this sale can be found here. Insiders sold a total of 17,776 shares of company stock worth $2,214,229 in the last 90 days. 1.60% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the stock. Signaturefd LLC purchased a new position in shares of Eagle Materials in the fourth quarter valued at approximately $26,000. Wolff Wiese Magana LLC purchased a new position in shares of Eagle Materials in the 4th quarter valued at about $29,000. CWM LLC acquired a new stake in Eagle Materials in the fourth quarter valued at approximately $34,000. Prospera Financial Services Inc acquired a new position in Eagle Materials during the 1st quarter worth approximately $42,000. Finally, Meeder Asset Management Inc. increased its position in shares of Eagle Materials by 90.9% in the 1st quarter. Meeder Asset Management Inc. now owns 462 shares of the construction company’s stock valued at $60,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.
Eagle Materials Company Profile (Get Rating)
Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials and light building materials in the United States. It operates through Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard segments. 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.
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