Eagle Materials (EXP) Price Target Increased to $135.00 by Analysts at Stifel Nicolaus

Eagle Materials (NYSE:EXP) had its price objective hoisted by Stifel Nicolaus from $120.00 to $135.00 in a research note released on Wednesday. Stifel Nicolaus currently has a buy rating on the construction company’s stock.

Several other equities analysts have also weighed in on the company. Zacks Investment Research raised Eagle Materials from a sell rating to a hold rating in a research note on Thursday, November 16th. Standpoint Research lowered Eagle Materials from a buy rating to a hold rating in a research note on Thursday, September 28th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Eagle Materials currently has a consensus rating of Hold and an average target price of $122.50.

Eagle Materials (EXP) traded up $0.38 during trading on Wednesday, reaching $111.68. The company had a trading volume of 532,400 shares, compared to its average volume of 570,421. The company has a market capitalization of $5,411.97, a PE ratio of 24.57, a price-to-earnings-growth ratio of 2.77 and a beta of 1.29. Eagle Materials has a fifty-two week low of $86.51 and a fifty-two week high of $114.96. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 2.02.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Wednesday, October 25th. The construction company reported $1.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.22). Eagle Materials had a net margin of 15.93% and a return on equity of 17.75%. The firm had revenue of $376.30 million during the quarter, compared to the consensus estimate of $412.84 million. During the same quarter in the prior year, the business earned $1.25 EPS. Eagle Materials’s revenue was up 13.1% on a year-over-year basis. research analysts predict that Eagle Materials will post 5.02 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, December 22nd will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend is Thursday, December 21st. Eagle Materials’s payout ratio is 9.17%.

In other Eagle Materials news, insider Gerald J. Essl sold 10,000 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $113.77, for a total value of $1,137,700.00. Following the transaction, the insider now owns 24,380 shares of the company’s stock, valued at $2,773,712.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Dale Craig Kesler sold 5,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $111.64, for a total value of $558,200.00. Following the completion of the transaction, the chief financial officer now directly owns 56,778 shares in the company, valued at approximately $6,338,695.92. The disclosure for this sale can be found here. Insiders sold 84,968 shares of company stock worth $9,325,808 in the last three months. Insiders own 4.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Optimum Investment Advisors raised its position in shares of Eagle Materials by 7.4% during the third quarter. Optimum Investment Advisors now owns 9,345 shares of the construction company’s stock worth $997,000 after purchasing an additional 645 shares during the period. RWC Asset Management LLP raised its position in shares of Eagle Materials by 23.4% during the third quarter. RWC Asset Management LLP now owns 316,030 shares of the construction company’s stock worth $33,720,000 after purchasing an additional 59,986 shares during the period. California Public Employees Retirement System raised its position in shares of Eagle Materials by 0.7% during the third quarter. California Public Employees Retirement System now owns 101,928 shares of the construction company’s stock worth $10,876,000 after purchasing an additional 728 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Eagle Materials by 137.2% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,982 shares of the construction company’s stock worth $426,000 after purchasing an additional 2,303 shares during the period. Finally, Cubist Systematic Strategies LLC raised its position in shares of Eagle Materials by 141.1% during the third quarter. Cubist Systematic Strategies LLC now owns 7,092 shares of the construction company’s stock worth $757,000 after purchasing an additional 4,150 shares during the period. 91.55% of the stock is currently owned by institutional investors.

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About Eagle Materials

Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.

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