Eagle Materials (NYSE:EXP) PT Set at $255.00 by Stephens

Stephens set a $255.00 price target on Eagle Materials (NYSE:EXP - Free Report) in a report released on Thursday, MarketBeat.com reports. The brokerage currently has an overweight rating on the construction company's stock.

Several other research firms also recently weighed in on EXP. Stifel Nicolaus set a $241.00 target price on Eagle Materials and gave the company a "hold" rating in a research report on Wednesday, May 21st. Truist Financial decreased their target price on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. decreased their target price 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. DA Davidson decreased their target price on Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Finally, Loop Capital decreased their target price on Eagle Materials from $245.00 to $237.00 and set a "hold" rating on the stock in a research report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $260.00.

Eagle Materials Price Performance

EXP traded up $3.78 during trading on Thursday, hitting $218.15. The company's stock had a trading volume of 164,294 shares, compared to its average volume of 377,781. The company has a current ratio of 2.76, a quick ratio of 1.01 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 fifty day simple moving average is $223.66 and its 200 day simple moving average is $245.85. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 15.58 and a beta of 1.36.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.26). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. The business had revenue of $470.18 million during the quarter, compared to analyst estimates of $483.14 million. During the same period in the previous year, the business posted $2.24 earnings per share. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities research analysts forecast that Eagle Materials will post 14.39 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. Eagle Materials's payout ratio is 7.27%.

Hedge Funds Weigh In On Eagle Materials

A number of institutional investors have recently added to or reduced their stakes in EXP. Barclays PLC lifted its position in Eagle Materials by 78.1% during the third quarter. Barclays PLC now owns 37,948 shares of the construction company's stock worth $10,915,000 after buying an additional 16,645 shares in the last quarter. JPMorgan Chase & Co. raised its position in Eagle Materials by 60.3% in the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company's stock valued at $499,111,000 after purchasing an additional 652,836 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in Eagle Materials by 24.0% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 83,378 shares of the construction company's stock valued at $20,574,000 after purchasing an additional 16,140 shares during the period. Sheets Smith Wealth Management raised its position in Eagle Materials by 3.7% in the fourth quarter. Sheets Smith Wealth Management now owns 2,583 shares of the construction company's stock valued at $637,000 after purchasing an additional 92 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in Eagle Materials by 30.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 28,849 shares of the construction company's stock valued at $7,126,000 after purchasing an additional 6,726 shares during the period. Hedge funds and other institutional investors own 96.07% of the company's stock.

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.