Eagle Materials Inc. (NYSE:EXP) Receives Average Recommendation of “Hold” from Brokerages

Eagle Materials Inc. (NYSE:EXP) has received a consensus rating of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $300.89.

A number of research analysts have recently issued reports on the stock. Citigroup downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $334.00 to $280.00 in a research report on Monday, January 6th. Truist Financial lifted their price objective on shares of Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. The Goldman Sachs Group lifted their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Stephens cut their price objective on shares of Eagle Materials from $325.00 to $310.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and cut their price objective for the company from $330.00 to $310.00 in a research report on Monday, December 16th.

Eagle Materials Trading Up 0.0 %

Eagle Materials stock opened at $257.96 on Friday. The firm’s 50-day moving average is $271.19 and its 200-day moving average is $268.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34. Eagle Materials has a 1 year low of $203.98 and a 1 year high of $321.93. The company has a market cap of $8.65 billion, a P/E ratio of 18.22 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The business had revenue of $623.62 million during the quarter, compared to the consensus estimate of $651.46 million. During the same quarter in the previous year, the business posted $4.28 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities analysts expect that Eagle Materials will post 15.11 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Monday, December 16th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.00 annualized dividend and a yield of 0.39%. Eagle Materials’s payout ratio is 7.06%.

Insider Buying and Selling at Eagle Materials

In other news, Director Richard Ross Stewart sold 3,577 shares of Eagle Materials stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total value of $1,074,173.10. Following the transaction, the director now owns 1,100 shares of the company’s stock, valued at $330,330. The trade was a 76.48 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Tony Thompson sold 1,401 shares of Eagle Materials stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the completion of the transaction, the senior vice president now directly owns 13,212 shares in the company, valued at $4,148,568. This represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,866 shares of company stock valued at $5,205,311. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Eagle Materials

Several hedge funds have recently made changes to their positions in EXP. FMR LLC increased its position in shares of Eagle Materials by 30.1% in the third quarter. FMR LLC now owns 3,801,257 shares of the construction company’s stock worth $1,093,432,000 after acquiring an additional 878,400 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Eagle Materials by 60.3% in the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company’s stock worth $499,111,000 after acquiring an additional 652,836 shares in the last quarter. Epoch Investment Partners Inc. increased its position in shares of Eagle Materials by 25.2% in the second quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company’s stock worth $175,111,000 after acquiring an additional 162,049 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Eagle Materials by 3.5% in the third quarter. Geode Capital Management LLC now owns 707,607 shares of the construction company’s stock worth $203,585,000 after acquiring an additional 23,911 shares in the last quarter. Finally, Baupost Group LLC MA increased its position in shares of Eagle Materials by 46.2% in the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock worth $143,904,000 after acquiring an additional 158,171 shares in the last quarter. Institutional investors and hedge funds 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.