Eagle Materials Inc (NYSE:EXP) Stock Has Consensus Price Target of $213.67 According to Analysts

Key Points

• Analysts maintain a cautious outlook: All ten covering analysts rate Eagle Materials “Hold,” with an average 12-month price target of $213.67. Recent target changes included cuts from Wells Fargo and Citigroup, partially offset by an increase from Stephens.
• Shares are trading below recent averages: EXP opened at $171.10, near its 12-month low of $167.32 and below its 50-day and 200-day moving averages of $195.57 and $202.34, respectively.
• Quarterly results were mixed: Eagle Materials reported $3.29 in EPS, below the $3.37 consensus estimate, while revenue of $650.97 million exceeded expectations and rose 2.6% year over year. The company also announced a $0.25 quarterly dividend, equivalent to a 0.6% yield.

Eagle Materials Inc (NYSE:EXP - Get Free Report) has earned a consensus rating of "Hold" from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $213.67.

A number of equities research analysts recently issued reports on EXP shares. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $196.00 target price (down from $231.00) on shares of Eagle Materials in a research note on Wednesday, September 9th. Citigroup cut their price target on Eagle Materials from $232.00 to $190.00 and set a "neutral" rating for the company in a report on Friday. Weiss Ratings restated a "hold (c)" rating on shares of Eagle Materials in a research report on Friday, September 11th. Stephens upped their price objective on Eagle Materials from $225.00 to $230.00 and gave the company an "equal weight" rating in a research report on Thursday, July 30th. Finally, Zacks Research lowered shares of Eagle Materials from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 27th.

Eagle Materials Stock Performance

Shares of EXP opened at $171.10 on Monday. The company has a current ratio of 3.23, a quick ratio of 1.91 and a debt-to-equity ratio of 1.17. The stock has a market cap of $5.25 billion, a P/E ratio of 13.53 and a beta of 1.33. The company has a 50-day moving average of $195.57 and a two-hundred day moving average of $202.34. Eagle Materials has a 12-month low of $167.32 and a 12-month high of $245.53.

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

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Monday, September 14th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, September 14th. Eagle Materials's payout ratio is presently 7.91%.

Insider Buying and Selling

In other Eagle Materials news, SVP Tony Thompson sold 3,074 shares of the business's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $203.96, for a total value of $626,973.04. Following the completion of the transaction, the senior vice president directly owned 10,142 shares in the company, valued at approximately $2,068,562.32. The trade was a 23.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.70% of the company's stock.

Institutional Investors Weigh In On Eagle Materials

Several hedge funds have recently made changes to their positions in the business. Leonteq Securities AG acquired a new position in Eagle Materials in the first quarter valued at $42,000. IFP Advisors Inc boosted its stake in Eagle Materials by 131.0% in the 2nd quarter. IFP Advisors Inc now owns 432 shares of the construction company's stock worth $97,000 after buying an additional 245 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Eagle Materials in the 2nd quarter valued at about $117,000. Global Retirement Partners LLC purchased a new stake in Eagle Materials in the 2nd quarter valued at about $124,000. Finally, Hilltop National Bank grew its holdings in Eagle Materials by 38.3% in the 2nd quarter. Hilltop National Bank now owns 589 shares of the construction company's stock valued at $133,000 after buying an additional 163 shares during the period. Institutional investors and hedge funds own 96.07% of the company's stock.

About Eagle Materials

Eagle Materials Inc NYSE: EXP is a Dallas-based manufacturer of basic building materials used in residential, commercial and infrastructure construction. Its primary products include Portland cement, ready-mixed concrete, aggregates, gypsum wallboard and gypsum paperboard.

The company operates through businesses focused on cement, concrete and aggregates, and gypsum wallboard and paperboard. Its materials are sold primarily in the United States, with production and distribution operations serving markets across several regions, including the central, southern and southwestern parts of the country.

Eagle Materials traces its origins to the construction-materials operations formerly associated with Centex Corporation and became an independent, publicly traded company in 1994.

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