Eagle Materials Inc (NYSE:EXP) Receives Average Rating of “Hold” from Brokerages

Eagle Materials Inc (NYSE:EXP) has been assigned a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $228.3636.

Several analysts recently weighed in on EXP shares. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $215.00 price objective (down from $230.00) on shares of Eagle Materials in a research report on Monday, February 16th. Truist Financial restated a “hold” rating and issued a $210.00 target price (down from $280.00) on shares of Eagle Materials in a research report on Friday, December 19th. DA Davidson dropped their price target on shares of Eagle Materials from $225.00 to $210.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Eagle Materials in a report on Monday, December 29th. Finally, Zacks Research lowered Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Versant Capital Management Inc raised its stake in shares of Eagle Materials by 130.9% during the third quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock valued at $30,000 after purchasing an additional 72 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Eagle Materials in the 3rd quarter valued at about $30,000. Clearstead Advisors LLC grew its position in Eagle Materials by 266.7% in the 4th quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock valued at $27,000 after buying an additional 96 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Eagle Materials during the 4th quarter valued at about $29,000. Finally, IFP Advisors Inc increased its stake in Eagle Materials by 389.3% during the 4th quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock valued at $28,000 after buying an additional 109 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Stock Performance

EXP stock opened at $183.70 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 4.27. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 13.91 and a beta of 1.35. Eagle Materials has a 1 year low of $183.53 and a 1 year high of $243.64. The stock’s fifty day moving average is $219.11 and its two-hundred day moving average is $221.51.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Thursday, January 29th. The construction company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.32 by ($0.10). The firm had revenue of $555.96 million for 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 business’s revenue was down .4% compared to the same quarter last year. During the same period last year, the firm posted $3.59 EPS. On average, research analysts predict that Eagle Materials will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 13th. Shareholders of record on Monday, March 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Monday, March 16th. Eagle Materials’s payout ratio is 7.57%.

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.