Eagle Materials (EXP) Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Eagle Materials in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" EXP shares.
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6 equities research analysts have issued 12 month price targets for Eagle Materials' shares. Their EXP share price forecasts range from $140.00 to $195.00. On average, they anticipate the company's stock price to reach $171.50 in the next year. This suggests a possible upside of 2.7% from the stock's current price.
View analysts price targets for EXP or view top-rated stocks among Wall Street analysts.

Eagle Materials' stock was trading at $132.85 at the beginning of the year. Since then, EXP shares have increased by 25.8% and is now trading at $167.07.
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Eagle Materials saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 799,300 shares, an increase of 12.7% from the April 30th total of 709,000 shares. Based on an average daily trading volume, of 297,000 shares, the short-interest ratio is currently 2.7 days. Approximately 2.3% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our EXP earnings forecast.

Eagle Materials Inc. (NYSE:EXP) posted its quarterly earnings results on Thursday, May, 18th. The construction company reported $2.79 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.44. The construction company had revenue of $470.10 million for the quarter, compared to the consensus estimate of $452.11 million. Eagle Materials had a net margin of 21.49% and a trailing twelve-month return on equity of 40.09%. The business's revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.90 EPS.

Eagle Materials announced a quarterly dividend on Monday, May 22nd. Shareholders of record on Friday, June 16th will be given a dividend of $0.25 per share on Friday, July 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, June 15th.
Read our dividend analysis for EXP.

ETFs with the largest weight of Eagle Materials (NYSE:EXP) stock in their portfolio include Invesco Dynamic Building & Construction ETF (PKB), Ballast Small/Mid Cap ETF (MGMT), SRH U.S. Quality ETF (SRHQ), Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG), Invesco S&P MidCap Quality ETF (XMHQ), First Trust Industrials/Producer Durables AlphaDEX Fund (FXR), LeaderShares AlphaFactor US Core Equity ETF (LSAF) and iShares U.S. Home Construction ETF (ITB).

Eagle Materials (NYSE:EXP) pays an annual dividend of $1.00 per share and currently has a dividend yield of 0.60%. The dividend payout ratio is 8.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EXP will have a dividend payout ratio of 6.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EXP.

9 employees have rated Eagle Materials Chief Executive Officer Steve Rowley on Glassdoor.com. Steve Rowley has an approval rating of 100% among the company's employees. This puts Steve Rowley in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Eagle Materials investors own include Alibaba Group (BABA), NVIDIA (NVDA), Pfizer (PFE), QUALCOMM (QCOM), Skyworks Solutions (SWKS), Advanced Micro Devices (AMD), Lam Research (LRCX), Micron Technology (MU), NIKE (NKE) and Raytheon Technologies (RTX).

Eagle Materials trades on the New York Stock Exchange (NYSE) under the ticker symbol "EXP."

Eagle Materials' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.96%), FMR LLC (5.25%), Allspring Global Investments Holdings LLC (3.64%), State Street Corp (2.82%), Frontier Capital Management Co. LLC (2.18%) and Victory Capital Management Inc. (2.02%). Insiders that own company stock include Dale Craig Kesler, David B Powers, David B Powers, Ed H Bowman Jr, Eric Cribbs, F William Barnett, George John Damiris, James H Graass, Martin M Ellen, Matt Newby, Michael Haack, Richard Ross Stewart, Robert S Stewart, Steven L Wentzel, Tony Thompson, William R Devlin and William R Devlin.
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Shares of EXP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of EXP stock can currently be purchased for approximately $167.07.

Eagle Materials (NYSE:EXP) has a market capitalization of $5.91 billion and generates $2.15 billion in revenue each year. The construction company earns $461.54 million in net income (profit) each year or $12.46 on an earnings per share basis.

The company employs 2,400 workers across the globe.

Eagle Materials' mailing address is 5960 BERKSHIRE LANE SUITE 900, DALLAS TX, 75225. The official website for the company is www.eaglematerials.com. The construction company can be reached via phone at (214) 432-2000 or via fax at 214-432-2100.