Eagle Materials Inc (NYSE:EXP - Get Free Report) has been given an average rating of "Hold" by the ten brokerages that are presently covering the stock, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $254.44.
Several research analysts have recently commented on the stock. Citigroup lowered 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 lowered their target price on shares of 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 cut their target price on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. The Goldman Sachs Group set a $242.00 target price on Eagle Materials and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Wall Street Zen downgraded Eagle Materials from a "hold" rating to a "sell" rating in a research report on Sunday, July 6th.
View Our Latest Stock Analysis on Eagle Materials
Eagle Materials Stock Down 3.1%
Shares of NYSE:EXP traded down $6.76 during trading on Friday, hitting $213.84. 204,142 shares of the company were exchanged, compared to its average volume of 354,106. The stock has a market cap of $6.98 billion, a price-to-earnings ratio of 15.60 and a beta of 1.26. Eagle Materials has a fifty-two week low of $191.91 and a fifty-two week high of $321.93. The firm has a fifty day moving average price of $212.71 and a two-hundred day moving average price of $226.12. The company has a current ratio of 2.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.84.
Eagle Materials (NYSE:EXP - Get Free Report) last posted its earnings results on Tuesday, May 20th. The construction company reported $2.08 earnings per share 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 return on equity of 32.71% and a net margin of 20.50%. The firm's revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.24 earnings per share. As a group, research analysts anticipate that Eagle Materials will post 14.39 earnings per share for the current fiscal 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 issued 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 yield of 0.47%. Eagle Materials's payout ratio is currently 7.27%.
Institutional Investors Weigh In On Eagle Materials
A number of hedge funds have recently added to or reduced their stakes in EXP. SVB Wealth LLC purchased a new position in shares of Eagle Materials during the first quarter valued at approximately $41,000. Parallel Advisors LLC boosted its position in shares of Eagle Materials by 26.8% during the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after buying an additional 52 shares during the last quarter. Huntington National Bank boosted 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 buying an additional 144 shares during the last quarter. Private Trust Co. NA boosted its position in shares of Eagle Materials by 39.0% during the first quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock valued at $63,000 after buying an additional 80 shares during the last quarter. Finally, Assetmark Inc. boosted its position in shares of Eagle Materials by 486.6% during the first quarter. Assetmark Inc. now owns 393 shares of the construction company's stock valued at $87,000 after buying an additional 326 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.
Eagle Materials Company Profile
(
Get Free ReportEagle 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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