Eagle Materials Inc (NYSE:EXP) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Eagle Materials Inc (NYSE:EXP) has been rated a consensus "Hold" by nine brokerages, with six analysts maintaining a hold rating and three assigning a buy rating. The average price target is approximately $254.78.
• The company recently reported quarterly earnings of $3.76 per share, exceeding analysts' expectations, with total revenue of $634.69 million.
• Eagle Materials announced a quarterly dividend of $0.25 per share, with an annualized basis of $1.00 and a dividend yield of 0.4% slated for payment in mid-October.

Eagle Materials Inc (NYSE:EXP - Get Free Report) has been assigned an average rating of "Hold" from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $254.7778.

Several equities analysts recently issued reports on the company. The Goldman Sachs Group set a $242.00 price target on Eagle Materials and gave the company a "buy" rating in a research note on Wednesday, May 21st. Stephens set a $255.00 price objective on Eagle Materials and gave the company an "overweight" rating in a report on Thursday, May 22nd. Loop Capital lifted their price objective on Eagle Materials from $230.00 to $245.00 and gave the company a "hold" rating in a report on Wednesday, July 30th. Citigroup decreased their price objective on Eagle Materials from $279.00 to $230.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Finally, Wall Street Zen raised Eagle Materials from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EXP. Hantz Financial Services Inc. boosted its holdings in shares of Eagle Materials by 7,750.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company's stock worth $32,000 after acquiring an additional 155 shares in the last quarter. MAI Capital Management boosted its holdings in shares of Eagle Materials by 3,060.0% in the 2nd quarter. MAI Capital Management now owns 158 shares of the construction company's stock worth $32,000 after acquiring an additional 153 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Eagle Materials by 102.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company's stock worth $35,000 after acquiring an additional 87 shares in the last quarter. SVB Wealth LLC acquired a new position in Eagle Materials during the 1st quarter worth $41,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Eagle Materials by 62.5% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company's stock worth $42,000 after buying an additional 80 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Stock Performance

EXP traded up $8.40 on Friday, hitting $232.35. 306,481 shares of the stock traded hands, compared to its average volume of 278,296. Eagle Materials has a 52 week low of $191.91 and a 52 week high of $321.93. The company has a current ratio of 2.73, a quick ratio of 1.26 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $7.54 billion, a PE ratio of 17.11 and a beta of 1.28. The business has a fifty day moving average price of $223.56 and a two-hundred day moving average price of $219.74.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The construction company reported $3.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.03. Eagle Materials had a return on equity of 31.21% and a net margin of 19.81%.The firm had revenue of $634.69 million for the quarter, compared to analyst estimates of $611.52 million. On average, research analysts predict that Eagle Materials will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Monday, September 15th 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, September 15th. Eagle Materials's payout ratio is presently 7.36%.

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.