Eagle Materials Inc (NYSE:EXP) Receives Average Rating of “Hold” from Analysts

Eagle Materials Inc (NYSE:EXP) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $224.30.

EXP has been the subject of a number of recent research reports. Royal Bank Of Canada lifted their price objective on Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 20th. Wells Fargo & Company lifted their price objective on Eagle Materials from $240.00 to $246.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Stephens reduced their price objective on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 20th. Citigroup reduced their price objective on Eagle Materials from $224.00 to $217.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. Finally, Zacks Research upgraded Eagle Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd.

Hedge Funds Weigh In On Eagle Materials

Institutional investors and hedge funds have recently modified their holdings of the business. Clearstead Advisors LLC increased its stake in shares of Eagle Materials by 266.7% in the 4th quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock valued at $27,000 after purchasing an additional 96 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Eagle Materials by 389.3% in the 4th quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock valued at $28,000 after purchasing an additional 109 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Eagle Materials in the 4th quarter valued at about $29,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Eagle Materials in the 3rd quarter valued at about $30,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Eagle Materials in the 3rd quarter valued at about $34,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Performance

NYSE EXP opened at $212.48 on Tuesday. The stock has a 50-day simple moving average of $202.62 and a two-hundred day simple moving average of $211.14. The firm has a market capitalization of $6.58 billion, a P/E ratio of 16.20 and a beta of 1.37. Eagle Materials has a fifty-two week low of $171.99 and a fifty-two week high of $243.64. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.09 and a current ratio of 3.66.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Tuesday, May 19th. The construction company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.32. The business had revenue of $479.11 million during the quarter, compared to analyst estimates of $451.99 million. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $2.00 EPS. On average, equities analysts forecast that Eagle Materials will post 13.02 earnings per share for the current year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, June 15th. Eagle Materials’s payout ratio is currently 7.62%.

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.