S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01

Eagle Materials Inc. (NYSE:EXP) Given Average Recommendation of "Buy" by Analysts

Friday, January 14, 2022 | MarketBeat

Eagle Materials Inc. (NYSE:EXP) has been assigned a consensus rating of "Buy" from the thirteen ratings firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $169.33.

Several analysts have recently commented on EXP shares. Loop Capital downgraded Eagle Materials from a "buy" rating to a "hold" rating and set a $170.00 price objective for the company. in a research note on Friday, December 3rd. Stephens increased their price target on Eagle Materials from $175.00 to $185.00 and gave the company an "overweight" rating in a research report on Tuesday, November 2nd. Northcoast Research raised Eagle Materials from a "neutral" rating to a "buy" rating and set a $193.00 price target for the company in a research report on Monday. Zacks Investment Research raised Eagle Materials from a "hold" rating to a "buy" rating and set a $180.00 price target for the company in a research report on Monday. Finally, BNP Paribas downgraded Eagle Materials from an "outperform" rating to a "neutral" rating and set a $159.50 price target for the company. in a research report on Tuesday, October 19th.

In other news, CEO Michael Haack sold 7,070 shares of the firm's stock in a transaction on Monday, November 15th. The stock was sold at an average price of $165.01, for a total value of $1,166,620.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martin M. Ellen sold 1,193 shares of the firm's stock in a transaction on Monday, November 22nd. The stock was sold at an average price of $163.32, for a total value of $194,840.76. The disclosure for this sale can be found here. Insiders sold 59,042 shares of company stock valued at $9,410,390 over the last three months. Company insiders own 1.50% of the company's stock.

Several institutional investors have recently bought and sold shares of EXP. Parisi Gray Wealth Management bought a new position in shares of Eagle Materials in the second quarter worth $79,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of Eagle Materials by 419.3% in the third quarter. O Shaughnessy Asset Management LLC now owns 618 shares of the construction company's stock worth $81,000 after acquiring an additional 499 shares during the period. Allworth Financial LP boosted its holdings in shares of Eagle Materials by 13.2% in the third quarter. Allworth Financial LP now owns 694 shares of the construction company's stock worth $91,000 after acquiring an additional 81 shares during the period. NN Investment Partners Holdings N.V. boosted its stake in Eagle Materials by 600.0% during the third quarter. NN Investment Partners Holdings N.V. now owns 700 shares of the construction company's stock valued at $92,000 after buying an additional 600 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its stake in Eagle Materials by 501.4% during the second quarter. Rockefeller Capital Management L.P. now owns 836 shares of the construction company's stock valued at $118,000 after buying an additional 697 shares during the period. 97.02% of the stock is owned by hedge funds and other institutional investors.

Shares of Eagle Materials stock opened at $162.81 on Friday. The company has a market cap of $6.62 billion, a PE ratio of 19.83 and a beta of 1.29. Eagle Materials has a 52 week low of $105.40 and a 52 week high of $169.15. The business has a 50 day moving average price of $161.62 and a 200-day moving average price of $149.60. The company has a quick ratio of 1.42, a current ratio of 2.50 and a debt-to-equity ratio of 0.62.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Thursday, October 28th. The construction company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.71 by $0.02. The firm had revenue of $509.70 million during the quarter, compared to the consensus estimate of $503.72 million. Eagle Materials had a return on equity of 26.77% and a net margin of 19.88%. The company's quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.02 earnings per share. As a group, research analysts anticipate that Eagle Materials will post 9.17 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 14th. Shareholders of record on Friday, December 17th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Thursday, December 16th. Eagle Materials's dividend payout ratio is currently 12.18%.

About Eagle Materials

Eagle Materials, Inc engages in the provision of heavy construction materials and light building materials. It operates through the following segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The Cement segment deals with the manufacture, production, distribution, and sale of portland cement.

Recommended Story: Basic Economics

Analyst Recommendations for Eagle Materials (NYSE:EXP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Eagle Materials right now?

Before you consider Eagle Materials, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Eagle Materials wasn't on the list.

While Eagle Materials currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.