Analysts Set Eagle Materials Inc. (NYSE:EXP) Target Price at $268.00

Shares of Eagle Materials Inc. (NYSE:EXP - Get Free Report) have received an average rating of "Hold" from the ten research firms that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $254.44.

Several brokerages recently commented on EXP. JPMorgan Chase & Co. dropped their target price on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. DA Davidson dropped their price objective on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Stifel Nicolaus set a $241.00 target price on shares of Eagle Materials and gave the company a "hold" rating in a research note on Wednesday, May 21st. Loop Capital lowered their price target on shares of Eagle Materials from $245.00 to $237.00 and set a "hold" rating for the company in a report on Wednesday, May 21st. Finally, Wall Street Zen downgraded shares of Eagle Materials from a "hold" rating to a "sell" rating in a research note on Saturday.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EXP. JPMorgan Chase & Co. increased its position in shares of Eagle Materials by 18.8% in the 1st quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company's stock worth $475,068,000 after purchasing an additional 339,089 shares during the last quarter. Baupost Group LLC MA grew its stake in Eagle Materials by 42.5% in the first quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company's stock worth $201,875,000 after purchasing an additional 271,410 shares in the last quarter. Geode Capital Management LLC increased its holdings in Eagle Materials by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 722,995 shares of the construction company's stock valued at $178,450,000 after buying an additional 15,388 shares during the last quarter. Federated Hermes Inc. raised its stake in Eagle Materials by 10.3% during the fourth quarter. Federated Hermes Inc. now owns 594,899 shares of the construction company's stock valued at $146,797,000 after buying an additional 55,578 shares in the last quarter. Finally, Epoch Investment Partners Inc. lifted its holdings in Eagle Materials by 2.4% during the 4th quarter. Epoch Investment Partners Inc. now owns 592,069 shares of the construction company's stock worth $146,099,000 after buying an additional 13,988 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Trading Down 6.7%

Shares of Eagle Materials stock traded down $14.55 during trading hours on Friday, hitting $203.49. The company's stock had a trading volume of 649,975 shares, compared to its average volume of 339,655. The business has a fifty day moving average of $223.39 and a 200 day moving average of $245.36. Eagle Materials has a 1-year low of $201.61 and a 1-year high of $321.93. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $6.65 billion, a PE ratio of 14.54 and a beta of 1.36.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.26). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. The company had revenue of $470.18 million during the quarter, compared to analyst estimates of $483.14 million. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.24 earnings per share. As a group, equities analysts forecast that Eagle Materials will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Monday, June 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. Eagle Materials's dividend payout ratio (DPR) is presently 7.27%.

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.