Eagle Materials Inc (NYSE:EXP) Receives $230.40 Average Price Target from Brokerages

Shares of Eagle Materials Inc (NYSE:EXP) have been given a consensus rating of “Hold” by the thirteen analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $228.3636.

Several research firms have recently commented on EXP. DA Davidson lowered their price objective on shares of Eagle Materials from $225.00 to $210.00 and set a “neutral” rating for the company in a research note on Monday, February 2nd. Citigroup lowered their price target on Eagle Materials from $232.00 to $224.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Jefferies Financial Group reissued a “hold” rating and issued a $226.00 price objective on shares of Eagle Materials in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eagle Materials in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $215.00 target price (down from $230.00) on shares of Eagle Materials in a research report on Monday, February 16th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc grew its position in Eagle Materials by 130.9% during the 3rd quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock worth $30,000 after purchasing an additional 72 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of Eagle Materials in the third quarter worth about $30,000. Clearstead Advisors LLC grew its holdings in Eagle Materials by 266.7% during the fourth quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after acquiring an additional 96 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Eagle Materials during the fourth quarter worth about $29,000. Finally, IFP Advisors Inc raised its position in Eagle Materials by 389.3% during the fourth quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock valued at $28,000 after acquiring an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Eagle Materials Price Performance

Shares of NYSE EXP opened at $226.47 on Friday. Eagle Materials has a fifty-two week low of $191.91 and a fifty-two week high of $243.64. The company has a market cap of $7.12 billion, a PE ratio of 17.14 and a beta of 1.38. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 4.27. The business has a 50-day simple moving average of $222.96 and a two-hundred day simple moving average of $224.89.

Eagle Materials (NYSE:EXP) last released its earnings results on Thursday, January 29th. The construction company reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.The company had revenue of $555.96 million during the quarter, compared to analyst estimates of $556.41 million. During the same quarter last year, the business earned $3.59 earnings per share. The firm’s revenue for the quarter was down .4% on a year-over-year basis. As a group, equities analysts expect that Eagle Materials will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Monday, March 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, March 16th. Eagle Materials’s dividend payout ratio is 7.57%.

About Eagle Materials

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.