Eagle Materials (NYSE:EXP) Receives Hold Rating from Truist Financial

Truist Financial restated their hold rating on shares of Eagle Materials (NYSE:EXP) in a report issued on Friday, MarketBeat.com reports. The brokerage currently has a $210.00 price target on the construction company’s stock, down from their prior price target of $280.00.

A number of other equities analysts also recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eagle Materials in a research note on Monday. DA Davidson cut their price target on Eagle Materials from $245.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Stifel Nicolaus set a $246.00 price objective on Eagle Materials in a research note on Monday, October 27th. Jefferies Financial Group reissued a “hold” rating and issued a $226.00 target price on shares of Eagle Materials in a report on Monday, November 3rd. Finally, Zacks Research downgraded Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $236.30.

Eagle Materials Stock Performance

Shares of Eagle Materials stock opened at $217.30 on Friday. Eagle Materials has a 12 month low of $191.91 and a 12 month high of $265.42. The firm has a market capitalization of $6.97 billion, a P/E ratio of 16.04 and a beta of 1.37. The company has a current ratio of 2.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.83. The business has a fifty day simple moving average of $219.81 and a two-hundred day simple moving average of $220.98.

Eagle Materials (NYSE:EXP) last released its earnings results on Thursday, October 30th. The construction company reported $4.23 earnings per share for the quarter, missing analysts’ consensus estimates of $4.35 by ($0.12). Eagle Materials had a return on equity of 30.13% and a net margin of 19.41%.The business had revenue of $638.91 million during the quarter, compared to analysts’ expectations of $635.55 million. During the same period in the prior year, the company earned $4.31 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts forecast that Eagle Materials will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 12th. Stockholders of record on Monday, December 15th 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 0.5%. The ex-dividend date of this dividend is Monday, December 15th. Eagle Materials’s dividend payout ratio is presently 7.38%.

Insider Buying and Selling

In other Eagle Materials news, Director David E. Rush acquired 1,000 shares of Eagle Materials stock in a transaction that occurred on Wednesday, November 5th. The stock was bought at an average cost of $208.08 per share, for a total transaction of $208,080.00. Following the acquisition, the director owned 4,173 shares of the company’s stock, valued at $868,317.84. This represents a 31.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Baupost Group LLC MA boosted its holdings in Eagle Materials by 39.0% in the third quarter. Baupost Group LLC MA now owns 939,660 shares of the construction company’s stock worth $218,978,000 after purchasing an additional 263,403 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of Eagle Materials by 36.0% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 830,284 shares of the construction company’s stock worth $167,809,000 after buying an additional 219,627 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Eagle Materials by 4.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 734,541 shares of the construction company’s stock worth $153,607,000 after acquiring an additional 28,559 shares during the period. William Blair Investment Management LLC increased its position in Eagle Materials by 0.6% during the third quarter. William Blair Investment Management LLC now owns 615,250 shares of the construction company’s stock valued at $143,378,000 after acquiring an additional 3,505 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Eagle Materials by 10.4% in the first quarter. Dimensional Fund Advisors LP now owns 576,249 shares of the construction company’s stock valued at $127,876,000 after acquiring an additional 54,324 shares during the period. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.