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

Key Points

• Consensus "Hold": Thirteen analysts cover Eagle Materials with a consensus Hold (1 sell, 10 hold, 2 buy) and an average 12‑month price target of about $228.82.
• High institutional ownership: Institutional investors own 96.07% of the company, and several funds (e.g., Dimensional, Balefire) increased their Q1 stakes.
• Valuation and payout: EXP opened at $211.60, has a market cap of $6.65 billion and a P/E of 16.02, and pays a quarterly dividend of $0.25 (annualized $1.00, yield ~0.5%).

Shares of Eagle Materials Inc (NYSE:EXP - Get Free Report) have earned a consensus recommendation of "Hold" from the thirteen analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $228.8182.

Several analysts have commented on EXP shares. Stephens reaffirmed an "equal weight" rating and issued a $245.00 price objective on shares of Eagle Materials in a research report on Tuesday, January 20th. Citigroup lowered their price target on shares of Eagle Materials from $232.00 to $224.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 3rd. DA Davidson lowered their price target on shares of Eagle Materials from $225.00 to $210.00 and set a "neutral" rating on the stock in a research report on Monday, February 2nd. Wall Street Zen lowered shares of Eagle Materials from a "hold" rating to a "sell" rating in a research report on Saturday, April 18th. Finally, Wells Fargo & Company boosted their price target on shares of Eagle Materials from $240.00 to $246.00 and gave the company an "overweight" rating in a research report on Wednesday, April 15th.

Institutional Trading of Eagle Materials

Several hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in Eagle Materials by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 627,427 shares of the construction company's stock worth $118,846,000 after acquiring an additional 16,782 shares during the period. Balefire LLC increased its holdings in Eagle Materials by 91.8% during the 1st quarter. Balefire LLC now owns 3,332 shares of the construction company's stock worth $631,000 after acquiring an additional 1,595 shares during the period. John G Ullman & Associates Inc. grew its stake in Eagle Materials by 3.4% in the 1st quarter. John G Ullman & Associates Inc. now owns 29,296 shares of the construction company's stock worth $5,550,000 after buying an additional 966 shares in the last quarter. Hamilton Point Investment Advisors LLC grew its stake in Eagle Materials by 10.3% in the 1st quarter. Hamilton Point Investment Advisors LLC now owns 30,647 shares of the construction company's stock worth $5,814,000 after buying an additional 2,851 shares in the last quarter. Finally, Bastion Asset Management Inc. grew its stake in Eagle Materials by 23.0% in the 1st quarter. Bastion Asset Management Inc. now owns 20,116 shares of the construction company's stock worth $3,770,000 after buying an additional 3,766 shares in the last quarter. Institutional investors own 96.07% of the company's stock.

Eagle Materials Stock Performance

Shares of EXP stock opened at $211.60 on Friday. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 16.02 and a beta of 1.38. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 4.27. Eagle Materials has a 52 week low of $171.99 and a 52 week high of $243.64. The firm's 50-day simple moving average is $198.16 and its two-hundred day simple moving average is $212.63.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Monday, March 16th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Eagle Materials's payout ratio is 7.57%.

Eagle Materials Company Profile

Eagle Materials Inc NYSE: EXP is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company's primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.

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