Loop Capital Lowers Eagle Materials (NYSE:EXP) Price Target to $237.00

Eagle Materials (NYSE:EXP - Free Report) had its price objective reduced by Loop Capital from $245.00 to $237.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a hold rating on the construction company's stock.

EXP has been the subject of a number of other reports. DA Davidson lowered their price objective on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Stephens reiterated an "overweight" rating and set a $310.00 price target on shares of Eagle Materials in a report on Thursday, January 30th. Truist Financial cut their price objective on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. reduced their price objective on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus began coverage on Eagle Materials in a research report on Tuesday, March 4th. They issued a "hold" rating and a $242.00 target price for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $260.00.

Eagle Materials Stock Performance

Shares of Eagle Materials stock traded up $1.11 on Wednesday, hitting $214.77. The stock had a trading volume of 316,775 shares, compared to its average volume of 337,780. The stock has a market cap of $7.15 billion, a price-to-earnings ratio of 15.34 and a beta of 1.36. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. Eagle Materials has a twelve month low of $201.61 and a twelve month high of $321.93. The business's 50 day moving average is $223.74 and its two-hundred day moving average is $246.53.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its earnings results on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) 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 34.14% and a net margin of 20.91%. The business's revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.24 EPS. Analysts forecast 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 Monday, July 14th. Investors of record on Monday, June 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, June 16th. This represents a $1.00 annualized dividend and a yield of 0.47%. Eagle Materials's dividend payout ratio is currently 7.27%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. SVB Wealth LLC purchased a new stake in Eagle Materials in the first quarter worth approximately $41,000. Private Trust Co. NA boosted its stake in shares of Eagle Materials by 53.0% in the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after purchasing an additional 71 shares in the last quarter. Huntington National Bank boosted its stake in shares of Eagle Materials by 154.8% in 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 in the last quarter. Parallel Advisors LLC grew its holdings in shares of Eagle Materials by 26.8% during the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after purchasing an additional 52 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Eagle Materials in the 4th quarter worth $81,000. 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.