Eagle Materials (NYSE:EXP) Price Target Raised to $315.00 at Stephens

Eagle Materials (NYSE:EXP) had its price target raised by Stephens from $280.00 to $315.00 in a research note released on Thursday, Benzinga reports. They currently have an overweight rating on the construction company’s stock.

A number of other equities analysts also recently weighed in on the stock. Loop Capital cut their price target on shares of Eagle Materials from $310.00 to $305.00 and set a buy rating on the stock in a report on Wednesday, May 22nd. StockNews.com downgraded shares of Eagle Materials from a buy rating to a hold rating in a report on Wednesday, May 29th. The Goldman Sachs Group upped their price objective on shares of Eagle Materials from $238.00 to $273.00 and gave the company a buy rating in a report on Tuesday, April 16th. Raymond James downgraded shares of Eagle Materials from a moderate buy rating to a hold rating in a report on Wednesday, July 17th. Finally, Jefferies Financial Group upped their price objective on shares of Eagle Materials from $270.00 to $283.00 and gave the company a buy rating in a report on Wednesday, July 17th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $289.78.

Eagle Materials Stock Performance

Shares of NYSE:EXP traded down $11.52 during midday trading on Thursday, reaching $250.24. The company had a trading volume of 142,878 shares, compared to its average volume of 319,797. The company’s 50 day moving average price is $229.00 and its 200 day moving average price is $241.57. The company has a current ratio of 2.45, a quick ratio of 1.06 and a debt-to-equity ratio of 0.81. The stock has a market cap of $8.41 billion, a P/E ratio of 19.23 and a beta of 1.32. Eagle Materials has a 52-week low of $145.03 and a 52-week high of $279.69.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, July 30th. The construction company reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $3.57 by $0.37. The company had revenue of $608.69 million for the quarter, compared to the consensus estimate of $622.06 million. Eagle Materials had a net margin of 21.65% and a return on equity of 37.10%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.55 EPS. As a group, sell-side analysts anticipate that Eagle Materials will post 15.58 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, June 17th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Monday, June 17th. Eagle Materials’s dividend payout ratio (DPR) is 7.34%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Raymond James & Associates grew its position in Eagle Materials by 6.3% during the fourth quarter. Raymond James & Associates now owns 38,396 shares of the construction company’s stock valued at $7,788,000 after acquiring an additional 2,265 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Eagle Materials by 5.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,322 shares of the construction company’s stock worth $1,079,000 after acquiring an additional 269 shares during the last quarter. Pinnacle Financial Partners Inc bought a new stake in shares of Eagle Materials in the 4th quarter worth approximately $206,000. Trust Point Inc. bought a new stake in shares of Eagle Materials in the 4th quarter worth approximately $464,000. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Eagle Materials in the 4th quarter worth approximately $1,085,000. 96.07% of the stock is currently owned by institutional investors.

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.