Eagle Materials Inc (NYSE:EXP) Receives Average Rating of "Hold" from Analysts

Shares of Eagle Materials Inc (NYSE:EXP - Get Free Report) have been assigned an average rating of "Hold" from the ten brokerages that are covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $254.44.

EXP has been the subject of a number of research analyst reports. Citigroup reduced their price target on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Stifel Nicolaus set a $241.00 target price on Eagle Materials and gave the stock a "hold" rating in a research note on Wednesday, May 21st. Loop Capital decreased their target price on Eagle Materials from $245.00 to $237.00 and set a "hold" rating on the stock in a report on Wednesday, May 21st. 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 research note on Thursday, April 24th. Finally, The Goldman Sachs Group set a $242.00 price objective on shares of Eagle Materials and gave the stock a "buy" rating in a research report on Wednesday, May 21st.

Eagle Materials Stock Down 0.1%

NYSE EXP traded down $0.20 during trading hours on Tuesday, hitting $195.34. 238,568 shares of the company traded hands, compared to its average volume of 349,373. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.03 and a current ratio of 2.73. The business's 50-day moving average is $216.16 and its 200-day moving average is $233.49. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 14.19 and a beta of 1.28. Eagle Materials has a twelve month low of $191.91 and a twelve month high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). The company had revenue of $470.18 million for the quarter, compared to the consensus estimate of $483.14 million. Eagle Materials had a return on equity of 32.71% and a net margin of 20.50%. The company'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 earned $2.24 EPS. Sell-side analysts anticipate that Eagle Materials will post 14.39 earnings per share for the current year.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Monday, June 16th will be given a dividend of $0.25 per share. 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 payout ratio is presently 7.27%.

Institutional Investors Weigh In On Eagle Materials

Institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in Eagle Materials in the fourth quarter valued at about $93,672,000. JPMorgan Chase & Co. increased its holdings in Eagle Materials by 18.8% in the 1st quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company's stock valued at $475,068,000 after buying an additional 339,089 shares during the period. Baupost Group LLC MA raised its position in shares of Eagle Materials by 42.5% in the 1st quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company's stock valued at $201,875,000 after buying an additional 271,410 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Eagle Materials by 193.4% during the 1st quarter. American Century Companies Inc. now owns 288,123 shares of the construction company's stock worth $63,944,000 after acquiring an additional 189,909 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Eagle Materials by 26,787.7% during the 1st quarter. GAMMA Investing LLC now owns 181,761 shares of the construction company's stock worth $40,338,000 after acquiring an additional 181,085 shares during the period. 96.07% of the stock is currently owned by institutional investors.

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.