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

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 firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $255.3333.

Several research analysts have recently issued reports on the stock. Stephens set a $255.00 price objective on shares of Eagle Materials and gave the stock an "overweight" rating in a report on Thursday, May 22nd. Truist Financial dropped their price objective 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. 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. DA Davidson dropped their price objective on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Finally, Stifel Nicolaus set a $241.00 price objective on shares of Eagle Materials and gave the stock a "hold" rating in a report on Wednesday, May 21st.

Institutional Trading of Eagle Materials

Several large investors have recently added to or reduced their stakes in EXP. JPMorgan Chase & Co. grew its stake in shares of Eagle Materials by 18.8% during the first quarter. JPMorgan Chase & Co. now owns 2,140,621 shares of the construction company's stock valued at $475,068,000 after purchasing an additional 339,089 shares during the last quarter. Baupost Group LLC MA grew its stake in shares of Eagle Materials by 42.5% during the first quarter. Baupost Group LLC MA now owns 909,633 shares of the construction company's stock valued at $201,875,000 after purchasing an additional 271,410 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Eagle Materials by 4.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 734,541 shares of the construction company's stock valued at $153,607,000 after purchasing an additional 28,559 shares during the last quarter. William Blair Investment Management LLC grew its stake in shares of Eagle Materials by 57.2% during the second quarter. William Blair Investment Management LLC now owns 611,745 shares of the construction company's stock valued at $123,640,000 after purchasing an additional 222,537 shares during the last quarter. Finally, Epoch Investment Partners Inc. grew its stake in shares of Eagle Materials by 2.4% during the fourth quarter. Epoch Investment Partners Inc. now owns 592,069 shares of the construction company's stock valued at $146,099,000 after purchasing an additional 13,988 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Eagle Materials Stock Up 0.5%

Shares of EXP stock traded up $1.04 on Wednesday, hitting $225.29. The company's stock had a trading volume of 268,416 shares, compared to its average volume of 437,720. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 16.59 and a beta of 1.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio 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's fifty day moving average price is $211.33 and its 200-day moving average price is $222.88.

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 for the quarter, topping analysts' consensus estimates of $3.73 by $0.03. The firm had revenue of $634.69 million during the quarter, compared to analyst estimates of $611.52 million. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. Research analysts anticipate that Eagle Materials will post 14.39 EPS for the current year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, September 15th. Eagle Materials's dividend payout ratio is currently 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.