Eagle Materials Inc (NYSE:EXP) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Eagle Materials Inc has received a consensus rating of "Hold" from nine analysts, with six recommending a hold and three a buy.
• The company reported $3.76 earnings per share for the last quarter, exceeding analysts' expectations of $3.73, alongside a revenue of $634.69 million.
• Eagle Materials has announced a quarterly dividend of $0.25 per share, with a dividend yield of 0.4% and a payout ratio of 7.36%.

Eagle Materials Inc (NYSE:EXP - Get Free Report) has been given a consensus rating of "Hold" by the nine analysts that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $255.3333.

A number of analysts have commented on the stock. The Goldman Sachs Group set a $242.00 price target on shares of Eagle Materials and gave the company a "buy" rating in a research note on Wednesday, May 21st. DA Davidson reduced their price objective on Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Stifel Nicolaus set a $241.00 price target on shares of Eagle Materials and gave the stock a "hold" rating in a report on Wednesday, May 21st. Citigroup dropped their price objective 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. Finally, Wall Street Zen upgraded Eagle Materials from a "sell" rating to a "hold" rating in a research report on Saturday.

Hedge Funds Weigh In On Eagle Materials

A number of large investors have recently modified their holdings of EXP. Bridges Investment Management Inc. lifted its stake in shares of Eagle Materials by 111.4% in the 1st quarter. Bridges Investment Management Inc. now owns 6,918 shares of the construction company's stock valued at $1,535,000 after acquiring an additional 3,645 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Eagle Materials by 234.6% in the 1st quarter. Teacher Retirement System of Texas now owns 4,905 shares of the construction company's stock worth $1,089,000 after acquiring an additional 3,439 shares in the last quarter. Hi Line Capital Management LLC purchased a new position in Eagle Materials during the first quarter valued at $4,770,000. GAMMA Investing LLC lifted its position in Eagle Materials by 21.2% during the 1st quarter. GAMMA Investing LLC now owns 819 shares of the construction company's stock valued at $182,000 after acquiring an additional 143 shares during the period. Finally, Private Trust Co. NA boosted its position in shares of 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 purchasing an additional 80 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Trading Up 1.1%

NYSE:EXP opened at $225.41 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.26 and a current ratio of 2.73. The firm's fifty day moving average is $210.14 and its 200-day moving average is $223.35. Eagle Materials has a 52 week low of $191.91 and a 52 week high of $321.93. The firm has a market cap of $7.31 billion, a P/E ratio of 16.60 and a beta of 1.24.

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

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Monday, June 16th were given a dividend of $0.25 per share. The ex-dividend date was Monday, June 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. Eagle Materials's dividend payout ratio is 7.36%.

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.

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.