Eagle Materials Inc (NYSE:EXP) Given Average Rating of “Hold” by Analysts

Eagle Materials Inc (NYSE:EXP) has earned an average rating of “Hold” from the twelve research firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $230.40.

A number of brokerages have recently weighed in on EXP. Citigroup cut their price target on shares of Eagle Materials from $232.00 to $224.00 and set a “neutral” rating for the company in a report on Tuesday, February 3rd. Wells Fargo & Company cut their target price on Eagle Materials from $251.00 to $241.00 and set an “overweight” rating for the company in a research note on Thursday, January 29th. Zacks Research lowered Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. Truist Financial restated a “hold” rating and set a $210.00 price objective (down from $280.00) on shares of Eagle Materials in a research report on Friday, December 19th. Finally, Wall Street Zen lowered Eagle Materials from a “hold” rating to a “sell” rating in a research note on Saturday, January 31st.

Eagle Materials Stock Performance

EXP opened at $235.54 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 4.27. Eagle Materials has a 52-week low of $191.91 and a 52-week high of $243.64. The firm has a market cap of $7.40 billion, a P/E ratio of 17.83 and a beta of 1.38. The business’s fifty day moving average is $222.63 and its 200-day moving average is $224.81.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Thursday, January 29th. The construction company reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). The company had revenue of $555.96 million during the quarter, compared to analyst estimates of $556.41 million. Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm earned $3.59 EPS. Sell-side analysts expect that Eagle Materials will post 14.39 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Stockholders of record on Monday, March 16th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Monday, March 16th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.57%.

Hedge Funds Weigh In On Eagle Materials

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXP. Clearstead Advisors LLC grew its stake in shares of Eagle Materials by 266.7% during the fourth quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after buying an additional 96 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Eagle Materials by 389.3% in the 4th quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock valued at $28,000 after acquiring an additional 109 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Eagle Materials during the 4th quarter valued at $29,000. Versant Capital Management Inc grew its position in Eagle Materials by 130.9% during the 3rd quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock worth $30,000 after acquiring an additional 72 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Eagle Materials during the 3rd quarter worth $30,000. Institutional investors own 96.07% of the company’s stock.

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.