Eagle Materials Inc (NYSE:EXP) Receives $222.56 Consensus PT from Analysts

Shares of Eagle Materials Inc (NYSE:EXP) have earned an average recommendation of “Hold” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $222.5556.

Several research analysts have commented on EXP shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eagle Materials in a report on Tuesday, June 16th. Jefferies Financial Group reissued a “hold” rating and issued a $200.00 price target on shares of Eagle Materials in a research note on Wednesday, May 20th. Citigroup lowered their price objective on Eagle Materials from $240.00 to $232.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Stephens lifted their price objective on Eagle Materials from $225.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Finally, Zacks Research cut Eagle Materials from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th.

Institutional Investors Weigh In On Eagle Materials

Institutional investors have recently modified their holdings of the company. AlphaGrep UK Ltd acquired a new stake in shares of Eagle Materials during the second quarter worth $207,000. AXQ Capital LP bought a new position in Eagle Materials during the second quarter worth $367,000. Nykredit A S acquired a new position in Eagle Materials in the second quarter valued at $183,000. Two Sigma Securities LLC acquired a new position in Eagle Materials in the second quarter valued at $558,000. Finally, Sheets Smith Wealth Management boosted its position in Eagle Materials by 37.1% during the second quarter. Sheets Smith Wealth Management now owns 3,839 shares of the construction company’s stock valued at $864,000 after acquiring an additional 1,039 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Eagle Materials Price Performance

EXP stock opened at $207.15 on Friday. The company has a market capitalization of $6.35 billion, a P/E ratio of 16.38 and a beta of 1.38. The company has a fifty day moving average price of $213.74 and a 200-day moving average price of $209.15. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.91 and a current ratio of 3.23. Eagle Materials has a 52-week low of $171.99 and a 52-week high of $245.53.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Wednesday, July 29th. The construction company reported $3.29 earnings per share for the quarter, missing the consensus estimate of $3.37 by ($0.08). The business had revenue of $650.97 million during the quarter, compared to the consensus estimate of $620.35 million. Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%.The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.76 EPS. As a group, equities analysts expect that Eagle Materials will post 12.66 EPS for the current year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Monday, September 14th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, September 14th. This represents a $1.00 annualized dividend and a yield of 0.5%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.91%.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.