Eagle Materials Inc. (NYSE:EXP) Given Consensus Rating of "Hold" by Analysts

Eagle Materials Inc. (NYSE:EXP - Get Free Report) has earned an average recommendation of "Hold" from the ten brokerages that are currently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $254.44.

Several research firms have recently issued reports on EXP. Stifel Nicolaus set a $241.00 price objective on shares of Eagle Materials and gave the company a "hold" rating in a report on Wednesday, May 21st. Citigroup dropped their target price on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Truist Financial dropped their price target on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. DA Davidson decreased their target price on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Finally, Wall Street Zen lowered Eagle Materials from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th.

Institutional Investors Weigh In On Eagle Materials

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio purchased a new position in Eagle Materials in the first quarter valued at about $1,071,000. Focus Partners Wealth lifted its stake in shares of Eagle Materials by 21.5% in the 1st quarter. Focus Partners Wealth now owns 2,019 shares of the construction company's stock valued at $448,000 after purchasing an additional 357 shares during the last quarter. United Services Automobile Association acquired a new position in Eagle Materials during the first quarter worth $481,000. Arete Wealth Advisors LLC acquired a new stake in shares of Eagle Materials in the first quarter worth about $492,000. Finally, First Dallas Securities Inc. boosted its stake in shares of Eagle Materials by 1.7% during the 1st quarter. First Dallas Securities Inc. now owns 15,451 shares of the construction company's stock worth $3,429,000 after acquiring an additional 251 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Eagle Materials Stock Up 0.7%

EXP opened at $197.35 on Tuesday. The stock's 50 day moving average price is $217.79 and its 200 day moving average price is $234.79. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The stock has a market cap of $6.45 billion, a P/E ratio of 14.10 and a beta of 1.28. Eagle Materials has a 12 month low of $194.62 and a 12 month high of $321.93.

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

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Monday, June 16th will be issued a $0.25 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.51%. Eagle Materials's dividend payout ratio is 7.27%.

Eagle Materials Company Profile

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.

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