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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Citigroup upped their target price on shares of Eagle Materials to $146.00 in a research note on Tuesday, August 9th. Truist Financial reduced their target price on shares of Eagle Materials from $172.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, May 23rd. Stephens reduced their target price on shares of Eagle Materials to $170.00 in a research note on Tuesday, July 26th. The Goldman Sachs Group reduced their target price on shares of Eagle Materials from $190.00 to $162.00 and set a "buy" rating for the company in a research note on Friday, May 20th. Finally, StockNews.com raised shares of Eagle Materials from a "hold" rating to a "buy" rating in a research note on Friday, July 29th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $159.09.

Eagle Materials Stock Performance

Shares of EXP Stock traded down $0.41 on Monday, reaching $135.28. The stock had a trading volume of 163,795 shares, compared to its average volume of 374,258. The company has a quick ratio of 1.37, a current ratio of 2.39 and a debt-to-equity ratio of 1.00. The firm's 50-day moving average is $119.30 and its two-hundred day moving average is $126.79. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 14.03 and a beta of 1.29. Eagle Materials has a 12 month low of $105.34 and a 12 month high of $169.15.

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

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 16th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.00 annualized dividend and a yield of 0.74%. Eagle Materials's dividend payout ratio is currently 10.37%.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, Director Ed H. Bowman, Jr. sold 1,828 shares of the stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $110.15, for a total value of $201,354.20. Following the transaction, the director now directly owns 10,485 shares of the company's stock, valued at approximately $1,154,922.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Eagle Materials news, EVP James H. Graass sold 9,092 shares of the stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $125.02, for a total value of $1,136,681.84. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ed H. Bowman, Jr. sold 1,828 shares of the stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $110.15, for a total transaction of $201,354.20. Following the completion of the transaction, the director now directly owns 10,485 shares in the company, valued at $1,154,922.75. The disclosure for this sale can be found here. Insiders have sold a total of 17,776 shares of company stock valued at $2,214,229 in the last three months. 1.60% of the stock is currently owned by company insiders.