Eagle Materials (NYSE:EXP) Price Target Increased to $300.00 by Analysts at Stifel Nicolaus

Eagle Materials (NYSE:EXP) had its price objective upped by Stifel Nicolaus from $250.00 to $300.00 in a report published on Monday, Benzinga reports. They currently have a buy rating on the construction company’s stock.

EXP has been the subject of several other reports. The Goldman Sachs Group lifted their price objective on Eagle Materials from $215.00 to $238.00 and gave the company a buy rating in a report on Friday, January 26th. Raymond James lifted their price objective on Eagle Materials from $170.00 to $230.00 and gave the company an outperform rating in a report on Monday, January 29th. Citigroup lifted their price objective on Eagle Materials from $244.00 to $311.00 and gave the company a buy rating in a report on Friday, April 5th. StockNews.com cut Eagle Materials from a buy rating to a hold rating in a report on Wednesday, April 10th. Finally, Truist Financial boosted their price target on Eagle Materials from $290.00 to $320.00 and gave the stock a buy rating in a report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $257.00.

Eagle Materials Stock Performance

EXP opened at $242.20 on Monday. The company has a market capitalization of $8.34 billion, a PE ratio of 17.09 and a beta of 1.34. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.61 and a quick ratio of 1.13. The business has a fifty day simple moving average of $255.14 and a 200 day simple moving average of $211.08. Eagle Materials has a 1 year low of $143.39 and a 1 year high of $272.72.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Thursday, January 25th. The construction company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.56 by $0.16. The firm had revenue of $558.83 million during the quarter, compared to analysts’ expectations of $537.23 million. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. Research analysts expect that Eagle Materials will post 14.23 EPS for the current year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were issued a $0.25 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.41%. Eagle Materials’s payout ratio is presently 7.06%.

Insiders Place Their Bets

In other Eagle Materials news, insider Eric Cribbs sold 2,000 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $214.66, for a total value of $429,320.00. Following the completion of the transaction, the insider now owns 15,654 shares of the company’s stock, valued at approximately $3,360,287.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Eagle Materials news, insider Eric Cribbs sold 2,000 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $214.66, for a total value of $429,320.00. Following the completion of the transaction, the insider now owns 15,654 shares of the company’s stock, valued at approximately $3,360,287.64. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Matt Newby sold 2,940 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $251.15, for a total value of $738,381.00. Following the completion of the sale, the executive vice president now owns 21,819 shares in the company, valued at approximately $5,479,841.85. The disclosure for this sale can be found here. Insiders sold a total of 19,444 shares of company stock valued at $4,414,889 in the last 90 days. Corporate 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 the stock. State of Michigan Retirement System grew its position in shares of Eagle Materials by 1.2% in the 1st quarter. State of Michigan Retirement System now owns 8,429 shares of the construction company’s stock valued at $2,291,000 after buying an additional 100 shares during the last quarter. Ausbil Investment Management Ltd boosted its position in shares of Eagle Materials by 23.9% during the 1st quarter. Ausbil Investment Management Ltd now owns 11,485 shares of the construction company’s stock valued at $3,099,000 after purchasing an additional 2,214 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Eagle Materials by 3.7% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,277 shares of the construction company’s stock valued at $347,000 after purchasing an additional 45 shares in the last quarter. Global Assets Advisory LLC bought a new stake in shares of Eagle Materials during the 1st quarter valued at about $3,593,000. Finally, Ballentine Partners LLC bought a new stake in shares of Eagle Materials during the 1st quarter valued at about $216,000. 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; 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.