Eagle Materials - EXP Stock Forecast, Price & News

Eagle Materials Inc., through its subsidiaries, produces and supplies heavy construction materials and light building materials in the United States. It operates through Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard segments. 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. It also manufactures and sells recycled paperboard to gypsum wallboard industry and other paperboard converters, as well as containerboard and lightweight packaging grades. In addition, the company engages in the sale of ready-mix concrete; and mining, extracting, production, and sale of aggregates, including crushed stones, sand, and gravel. Its products are used in commercial and residential construction; public construction projects; and projects to build, expand, and repair roads and highways. The company was formerly known as Centex Construction Products, Inc. and changed its name to Eagle Materials, Inc. in January 2004. Eagle Materials Inc. was founded in 1963 and is headquartered in Dallas, Texas.

Eagle Materials Trading Up 2.1 %

Shares of NYSE:EXP opened at $135.69 on Friday. The business's 50 day simple moving average is $119.30 and its 200 day simple moving average is $126.95. Eagle Materials has a 1 year low of $105.34 and a 1 year high of $169.15. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.39 and a quick ratio of 1.37. The company has a market capitalization of $5.11 billion, a P/E ratio of 14.08 and a beta of 1.29.

Eagle Materials (NYSE:EXP - Get Rating) last released its earnings results on Thursday, May 19th. The construction company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.16. Eagle Materials had a return on equity of 33.25% and a net margin of 19.72%. The company had revenue of $413.10 million for the quarter, compared to analyst estimates of $400.68 million. During the same period in the prior year, the firm posted $1.56 EPS. Eagle Materials's quarterly revenue was up 20.3% on a year-over-year basis. On average, research analysts anticipate that Eagle Materials will post 11.5 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, September 15th. Eagle Materials's dividend payout ratio (DPR) is presently 10.37%.

Wall Street Analyst Weigh In

EXP has been the topic of a number of research analyst reports. Citigroup increased their price target on Eagle Materials to $146.00 in a research note on Tuesday, August 9th. StockNews.com raised shares of Eagle Materials from a "hold" rating to a "buy" rating in a report on Friday, July 29th. Truist Financial lowered their price target on shares of Eagle Materials from $172.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, May 23rd. Stephens reduced their price objective on Eagle Materials to $170.00 in a report on Tuesday, July 26th. Finally, JPMorgan Chase & Co. lowered Eagle Materials from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $165.00 to $130.00 in a research note on Wednesday, July 20th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $159.09.

Insider Buying and Selling

In other Eagle Materials news, EVP James H. Graass sold 9,092 shares of the business's stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $125.02, for a total transaction of $1,136,681.84. Following the completion of the transaction, the executive vice president now directly owns 20,090 shares in the company, valued at $2,511,651.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Eagle Materials news, Director Ed H. Bowman, Jr. sold 1,828 shares of Eagle Materials stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $110.15, for a total value of $201,354.20. Following the transaction, the director now owns 10,485 shares in the company, valued at $1,154,922.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP James H. Graass sold 9,092 shares of the stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $125.02, for a total transaction of $1,136,681.84. Following the completion of the transaction, the executive vice president now directly owns 20,090 shares of the company's stock, valued at approximately $2,511,651.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,776 shares of company stock worth $2,214,229. Corporate insiders own 1.60% of the company's stock.