Eagle Materials (NYSE:EXP) Price Target Raised to $273.00

Eagle Materials (NYSE:EXP - Free Report) had its price objective increased by The Goldman Sachs Group from $238.00 to $273.00 in a research note published on Tuesday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the construction company's stock.

EXP has been the topic of a number of other research reports. Stifel Nicolaus lifted their price target on shares of Eagle Materials from $250.00 to $300.00 and gave the company a buy rating in a research note on Monday. StockNews.com cut shares of Eagle Materials from a buy rating to a hold rating in a research note on Wednesday, April 10th. Truist Financial lifted their price target on shares of Eagle Materials from $290.00 to $320.00 and gave the company a buy rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. lifted their price target on shares of Eagle Materials from $200.00 to $265.00 and gave the company a neutral rating in a research note on Friday, March 22nd. Finally, Loop Capital raised shares of Eagle Materials from a hold rating to a buy rating and lifted their price target for the company from $170.00 to $240.00 in a research note on Monday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $257.00.

Eagle Materials Stock Performance

Shares of NYSE EXP traded down $1.07 during midday trading on Tuesday, reaching $248.89. 197,674 shares of the stock were exchanged, compared to its average volume of 295,570. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 17.56 and a beta of 1.34. Eagle Materials has a twelve month low of $142.12 and a twelve month high of $272.72. The firm has a 50-day simple moving average of $255.08 and a two-hundred day simple moving average of $210.62. The company has a quick ratio of 1.13, a current ratio of 2.61 and a debt-to-equity ratio of 0.77.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings data on Thursday, January 25th. The construction company reported $3.72 EPS for the quarter, topping analysts' consensus estimates of $3.56 by $0.16. Eagle Materials had a net margin of 22.24% and a return on equity of 40.05%. The business had revenue of $558.83 million for the quarter, compared to analysts' expectations of $537.23 million. As a group, analysts anticipate that Eagle Materials will post 14.29 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.40%. Eagle Materials's dividend payout ratio is presently 7.06%.

Insider Transactions at Eagle Materials

In other news, EVP Matt Newby sold 2,940 shares of Eagle Materials stock in a transaction on Monday, February 26th. The stock was sold at an average price of $251.15, for a total transaction of $738,381.00. Following the transaction, the executive vice president now owns 21,819 shares in the company, valued at approximately $5,479,841.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Matt Newby sold 2,940 shares of Eagle Materials stock in a transaction on Monday, February 26th. The stock was sold at an average price of $251.15, for a total transaction of $738,381.00. Following the transaction, the executive vice president now owns 21,819 shares in the company, valued at approximately $5,479,841.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Dale Craig Kesler sold 5,000 shares of the business's stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $215.60, for a total transaction of $1,078,000.00. Following the completion of the sale, the chief financial officer now owns 62,610 shares in the company, valued at $13,498,716. The disclosure for this sale can be found here. Insiders have sold a total of 19,444 shares of company stock worth $4,414,889 in the last quarter. Company insiders own 1.70% of the company's stock.

Hedge Funds Weigh In On Eagle Materials

Several institutional investors have recently bought and sold shares of EXP. Wealthcare Advisory Partners LLC grew its position in shares of Eagle Materials by 3.7% during the first quarter. Wealthcare Advisory Partners LLC now owns 1,277 shares of the construction company's stock worth $347,000 after buying an additional 45 shares in the last quarter. Meritage Portfolio Management grew its position in shares of Eagle Materials by 2.1% during the fourth quarter. Meritage Portfolio Management now owns 2,259 shares of the construction company's stock worth $458,000 after buying an additional 47 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Eagle Materials by 16.5% during the first quarter. GAMMA Investing LLC now owns 382 shares of the construction company's stock worth $104,000 after buying an additional 54 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Eagle Materials by 2.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,793 shares of the construction company's stock worth $632,000 after buying an additional 74 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Eagle Materials by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 12,674 shares of the construction company's stock worth $2,110,000 after buying an additional 82 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

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; 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.