Eagle Materials Inc (NYSE:EXP) Stock Has Consensus Target Price of $213.67 According to Brokerages

Shares of Eagle Materials Inc (NYSE:EXP) have received a consensus rating of “Hold” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating. The average 12 month price target among analysts that have issued a report on the stock in the last year is $202.33.

A number of research firms have recently issued reports on EXP. Wells Fargo & Company cut their price objective on Eagle Materials from $196.00 to $188.00 and set an “equal weight” rating for the company in a report on Monday, October 5th. DA Davidson decreased their price objective on Eagle Materials from $220.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, September 14th. Truist Financial dropped their target price on Eagle Materials from $210.00 to $165.00 and set a “hold” rating for the company in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eagle Materials in a research note on Friday, September 11th. Finally, Stephens upped their target price on Eagle Materials from $225.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th.

Insider Buying and Selling at Eagle Materials

In other news, SVP Tony Thompson sold 3,074 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $203.96, for a total value of $626,973.04. Following the completion of the sale, the senior vice president directly owned 10,142 shares in the company, valued at approximately $2,068,562.32. The trade was a 23.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Eagle Materials

A number of institutional investors have recently made changes to their positions in EXP. Reinhart Partners LLC. lifted its stake in Eagle Materials by 5.0% in the third quarter. Reinhart Partners LLC. now owns 23,750 shares of the construction company’s stock worth $4,062,000 after purchasing an additional 1,134 shares during the last quarter. Wedmont Private Capital purchased a new stake in Eagle Materials during the third quarter valued at about $395,000. Legacy Wealth Asset Management LLC grew its stake in shares of Eagle Materials by 19.9% during the third quarter. Legacy Wealth Asset Management LLC now owns 2,932 shares of the construction company’s stock valued at $501,000 after buying an additional 486 shares during the last quarter. Atwood & Palmer Inc. bought a new position in shares of Eagle Materials during the third quarter valued at about $965,000. Finally, Gradient Investments LLC increased its holdings in shares of Eagle Materials by 29.5% in the third quarter. Gradient Investments LLC now owns 6,321 shares of the construction company’s stock worth $1,081,000 after buying an additional 1,439 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Up 0.0%

Shares of NYSE:EXP opened at $164.78 on Monday. Eagle Materials has a 52-week low of $164.09 and a 52-week high of $245.53. The firm has a fifty day moving average of $191.19 and a 200 day moving average of $201.89. The firm has a market capitalization of $5.05 billion, a PE ratio of 13.03 and a beta of 1.33. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.91 and a current ratio of 3.23.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The firm had revenue of $650.97 million for the quarter, compared to analysts’ expectations of $620.35 million. During the same quarter in the previous year, the business earned $3.76 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, research analysts anticipate that Eagle Materials will post 12.66 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Monday, September 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.6%. Eagle Materials’s dividend payout ratio (DPR) is 7.91%.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE: EXP) is a Dallas-based manufacturer of basic building materials used in residential, commercial and infrastructure construction. Its primary products include Portland cement, ready-mixed concrete, aggregates, gypsum wallboard and gypsum paperboard.

The company operates through businesses focused on cement, concrete and aggregates, and gypsum wallboard and paperboard. Its materials are sold primarily in the United States, with production and distribution operations serving markets across several regions, including the central, southern and southwestern parts of the country.

Eagle Materials traces its origins to the construction-materials operations formerly associated with Centex Corporation and became an independent, publicly traded company in 1994.