Eagle Materials Inc (NYSE:EXP) Receives Average Recommendation of "Hold" from Brokerages

Eagle Materials Inc (NYSE:EXP - Get Free Report) has earned an average recommendation of "Hold" from the ten analysts that are presently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $254.44.

A number of research analysts recently weighed in on EXP shares. 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 research note on Wednesday, May 28th. JPMorgan Chase & Co. lowered their price target on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Loop Capital cut their price target on shares of Eagle Materials from $245.00 to $237.00 and set a "hold" rating on the stock in a research note on Wednesday, May 21st. Truist Financial lowered their price target 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. Finally, Stephens set a $255.00 price target on shares of Eagle Materials and gave the stock an "overweight" rating in a research note on Thursday, May 22nd.

Eagle Materials Trading Down 1.4%

EXP opened at $223.44 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.73 and a quick ratio of 1.03. Eagle Materials has a fifty-two week low of $191.91 and a fifty-two week high of $321.93. The firm has a market capitalization of $7.29 billion, a PE ratio of 16.24 and a beta of 1.26. The company's 50-day moving average is $212.71 and its 200 day moving average is $226.46.

Eagle Materials (NYSE:EXP - Get Free Report) last released 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). Eagle Materials had a net margin of 20.50% and a return on equity of 32.71%. The firm had revenue of $470.18 million for the quarter, compared to analysts' expectations of $483.14 million. During the same quarter last year, the firm earned $2.24 earnings per share. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. As a group, research analysts predict that Eagle Materials will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The business 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 dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Monday, June 16th. Eagle Materials's dividend payout ratio (DPR) is currently 7.27%.

Hedge Funds Weigh In On Eagle Materials

Hedge funds have recently made changes to their positions in the stock. SVB Wealth LLC bought a new stake in shares of Eagle Materials in the first quarter valued at $41,000. Huntington National Bank increased its position in shares of Eagle Materials by 154.8% during the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after purchasing an additional 144 shares during the last quarter. Parallel Advisors LLC grew its position in Eagle Materials by 26.8% during the 1st 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 last quarter. Private Trust Co. NA lifted its holdings in Eagle Materials by 39.0% in the 1st quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock worth $63,000 after buying an additional 80 shares during the period. Finally, Assetmark Inc. lifted its holdings in Eagle Materials by 486.6% in the 1st quarter. Assetmark Inc. now owns 393 shares of the construction company's stock worth $87,000 after buying an additional 326 shares during the period. 96.07% of the stock is currently owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.