Eagle Materials (NYSE:EXP) Given New $250.00 Price Target at Raymond James

Eagle Materials (NYSE:EXP) had its target price upped by Raymond James from $230.00 to $250.00 in a research note issued to investors on Thursday morning, Benzinga reports. Raymond James currently has an outperform rating on the construction company’s stock.

EXP has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their target price on Eagle Materials from $200.00 to $265.00 and gave the company a neutral rating in a report on Friday, March 22nd. Loop Capital decreased their target price on shares of Eagle Materials from $310.00 to $305.00 and set a buy rating on the stock in a report on Wednesday. Truist Financial raised their price target on shares of Eagle Materials from $290.00 to $320.00 and gave the company a buy rating in a report on Tuesday, April 2nd. StockNews.com raised shares of Eagle Materials from a hold rating to a buy rating in a report on Tuesday, May 21st. Finally, The Goldman Sachs Group lifted their price objective on Eagle Materials from $238.00 to $273.00 and gave the company a buy rating in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $279.67.

Eagle Materials Stock Up 1.1 %

EXP opened at $238.27 on Thursday. Eagle Materials has a 12 month low of $145.03 and a 12 month high of $276.61. The company has a market cap of $8.08 billion, a PE ratio of 17.49 and a beta of 1.35. The company has a current ratio of 2.62, a quick ratio of 1.13 and a debt-to-equity ratio of 0.83. The company has a 50 day moving average of $258.13 and a 200 day moving average of $228.63.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Tuesday, May 21st. The construction company reported $2.24 EPS for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.48). Eagle Materials had a return on equity of 37.31% and a net margin of 21.14%. The company had revenue of $476.70 million during the quarter, compared to the consensus estimate of $480.20 million. During the same period in the previous year, the business earned $2.79 earnings per share. Eagle Materials’s revenue was up 1.4% on a year-over-year basis. On average, sell-side analysts expect that Eagle Materials will post 15.95 EPS for the current year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Monday, June 17th. Eagle Materials’s dividend payout ratio (DPR) is currently 7.34%.

Insider Transactions at Eagle Materials

In related news, EVP Matt Newby sold 2,940 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $251.15, for a total transaction of $738,381.00. Following the transaction, the executive vice president now directly owns 21,819 shares of the company’s stock, valued at approximately $5,479,841.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Eagle Materials

Several institutional investors and hedge funds have recently made changes to their positions in the business. Eagle Bay Advisors LLC lifted its stake in Eagle Materials by 79.2% in the first quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock worth $26,000 after purchasing an additional 42 shares during the last quarter. Rise Advisors LLC purchased a new position in shares of Eagle Materials in the first quarter worth about $27,000. YHB Investment Advisors Inc. bought a new stake in shares of Eagle Materials in the 1st quarter valued at about $27,000. Tompkins Financial Corp purchased a new stake in Eagle Materials during the 1st quarter valued at about $27,000. Finally, Bessemer Group Inc. grew its position in Eagle Materials by 132.7% during the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock worth $31,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Company Profile

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.