Eagle Materials (NYSE:EXP) PT Lowered to $305.00 at Loop Capital

Eagle Materials (NYSE:EXP) had its target price decreased by Loop Capital from $310.00 to $305.00 in a research note issued to investors on Wednesday, Benzinga reports. Loop Capital currently has a buy rating on the construction company’s stock.

Several other equities analysts have also recently issued reports on EXP. Truist Financial lifted their price objective on shares of Eagle Materials from $290.00 to $320.00 and gave the stock a buy rating in a research note on Tuesday, April 2nd. Raymond James lifted their price objective on shares of Eagle Materials from $170.00 to $230.00 and gave the stock an outperform rating in a research note on Monday, January 29th. The Goldman Sachs Group raised their target price on shares of Eagle Materials from $238.00 to $273.00 and gave the stock a buy rating in a report on Tuesday, April 16th. Stifel Nicolaus decreased their target price on shares of Eagle Materials from $300.00 to $286.00 and set a buy rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their target price on shares of Eagle Materials from $200.00 to $265.00 and gave the stock a neutral rating in a report on Friday, March 22nd. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $279.67.

Eagle Materials Stock Up 1.1 %

Eagle Materials stock opened at $238.16 on Wednesday. The stock has a market cap of $8.20 billion, a price-to-earnings 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’s 50-day moving average price is $258.13 and its two-hundred day moving average price is $228.18. Eagle Materials has a 52 week low of $145.03 and a 52 week high of $276.61.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, May 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.72 by ($0.48). The business had revenue of $476.70 million during the quarter, compared to analyst estimates of $480.20 million. Eagle Materials had a return on equity of 37.31% and a net margin of 21.14%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.79 EPS. On average, analysts expect that Eagle Materials will post 16.01 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be given 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 payout ratio is presently 7.34%.

Insider Activity at Eagle Materials

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

Hedge Funds Weigh In On Eagle Materials

A number of institutional investors have recently modified their holdings of EXP. Larson Financial Group LLC bought a new position in shares of Eagle Materials in the third quarter valued at approximately $25,000. Eagle Bay Advisors LLC raised its position in shares of Eagle Materials by 79.2% in the first quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock valued at $26,000 after purchasing an additional 42 shares during the period. YHB Investment Advisors Inc. bought a new position in shares of Eagle Materials in the first quarter valued at approximately $27,000. Tompkins Financial Corp bought a new position in shares of Eagle Materials in the first quarter valued at approximately $27,000. Finally, Rise Advisors LLC bought a new position in Eagle Materials during the first quarter worth $27,000. 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, 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.