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

Eagle Materials Inc. (NYSE:EXP - Get Free Report) has earned an average rating of "Hold" from the ten brokerages that are currently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $274.40.

A number of research firms have issued reports on EXP. Loop Capital cut their price target on Eagle Materials from $280.00 to $245.00 and set a "hold" rating on the stock in a report on Tuesday, April 1st. Stephens reissued an "overweight" rating and set a $310.00 target price on shares of Eagle Materials in a research note on Thursday, January 30th. Truist Financial decreased their price target on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. DA Davidson dropped their price objective on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Finally, Citigroup downgraded Eagle Materials from a "buy" rating to a "neutral" rating and reduced their target price for the company from $334.00 to $280.00 in a research note on Monday, January 6th.

Eagle Materials Trading Up 2.6 %

Shares of NYSE:EXP traded up $6.03 during midday trading on Monday, reaching $233.77. The company's stock had a trading volume of 28,772 shares, compared to its average volume of 332,851. Eagle Materials has a fifty-two week low of $201.61 and a fifty-two week high of $321.93. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. The firm has a 50 day moving average price of $219.89 and a two-hundred day moving average price of $254.29. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 16.70 and a beta of 1.25.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 17th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend was Monday, March 17th. Eagle Materials's dividend payout ratio is currently 7.14%.

Insider Transactions at Eagle Materials

In other news, Director Michael R. Nicolais bought 310 shares of Eagle Materials stock in a transaction dated Monday, February 10th. The stock was purchased at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the purchase, the director now directly owns 3,655 shares in the company, valued at $940,650.80. The trade was a 9.27 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXP. Private Trust Co. NA lifted its position in shares of Eagle Materials by 53.0% during the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock worth $51,000 after buying an additional 71 shares in the last quarter. Huntington National Bank increased its position in shares of Eagle Materials by 154.8% during the fourth quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after acquiring an additional 144 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Eagle Materials by 26.8% during the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock worth $55,000 after acquiring an additional 52 shares during the period. R Squared Ltd bought a new stake in Eagle Materials during the fourth quarter worth $81,000. Finally, LGT Financial Advisors LLC boosted its position in Eagle Materials by 233.1% in the fourth quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock worth $109,000 after purchasing an additional 310 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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.