Eagle Materials (NYSE:EXP) PT Raised to $330.00

Eagle Materials (NYSE:EXP) had its target price boosted by Jefferies Financial Group from $309.00 to $330.00 in a report issued on Wednesday, Benzinga reports. They currently have a buy rating on the construction company’s stock.

EXP has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price target on Eagle Materials from $270.00 to $290.00 and gave the stock a neutral rating in a research report on Wednesday. Citigroup lifted their price objective on Eagle Materials from $252.00 to $311.00 and gave the stock a buy rating in a report on Thursday, August 1st. Raymond James downgraded Eagle Materials from a moderate buy rating to a hold rating in a report on Wednesday, July 17th. Finally, Stephens lifted their price objective on Eagle Materials from $280.00 to $315.00 and gave the stock an overweight rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $297.78.

Eagle Materials Price Performance

EXP opened at $291.93 on Wednesday. The stock has a 50-day moving average price of $264.53 and a 200-day moving average price of $250.09. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.45 and a quick ratio of 1.17. The firm has a market cap of $9.88 billion, a PE ratio of 21.43 and a beta of 1.32. Eagle Materials has a 1 year low of $145.03 and a 1 year high of $295.34.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Tuesday, July 30th. The construction company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.37. The firm had revenue of $608.69 million during the quarter, compared to analyst estimates of $622.06 million. Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. Eagle Materials’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.55 EPS. Sell-side analysts predict that Eagle Materials will post 15.9 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, September 17th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.34%. Eagle Materials’s dividend payout ratio is currently 7.34%.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the completion of the sale, the director now directly owns 7,943 shares in the company, valued at $2,205,135.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Eagle Materials news, Director George John Damiris sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the completion of the sale, the director now directly owns 7,943 shares in the company, valued at $2,205,135.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Eric Cribbs sold 1,851 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $277.06, for a total value of $512,838.06. Following the sale, the insider now owns 13,937 shares of the company’s stock, valued at approximately $3,861,385.22. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,851 shares of company stock worth $2,124,258 in the last three months. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EXP. Eagle Bay Advisors LLC lifted its position in shares of Eagle Materials by 79.2% during the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock valued at $26,000 after buying an additional 42 shares in the last quarter. Rise Advisors LLC purchased a new position in shares of Eagle Materials during the 1st quarter valued at about $27,000. Tompkins Financial Corp purchased a new position in shares of Eagle Materials during the 1st quarter valued at about $27,000. Bessemer Group Inc. lifted its position in shares of Eagle Materials by 132.7% during the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after buying an additional 65 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Eagle Materials during the 1st quarter valued at about $42,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

About Eagle Materials

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.