Eagle Materials (NYSE:EXP) Price Target Raised to $273.00 at The Goldman Sachs Group

Eagle Materials (NYSE:EXP) had its target price lifted by The Goldman Sachs Group from $238.00 to $273.00 in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

A number of other analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Eagle Materials from $200.00 to $265.00 and gave the company a neutral rating in a research report on Friday, March 22nd. StockNews.com cut Eagle Materials from a buy rating to a hold rating in a report on Wednesday, April 10th. Raymond James lifted their price target on Eagle Materials from $170.00 to $230.00 and gave the stock an outperform rating in a report on Monday, January 29th. Citigroup lifted their price target on Eagle Materials from $244.00 to $311.00 and gave the stock a buy rating in a report on Friday, April 5th. Finally, Loop Capital raised Eagle Materials from a hold rating to a buy rating and lifted their price target for the stock from $170.00 to $240.00 in a report on Monday, January 8th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $257.00.

Eagle Materials Stock Performance

EXP opened at $248.89 on Tuesday. Eagle Materials has a 12-month low of $142.12 and a 12-month high of $272.72. The stock has a market cap of $8.57 billion, a price-to-earnings ratio of 17.56 and a beta of 1.34. The business has a 50 day moving average of $255.08 and a 200-day moving average of $210.62. The company has a quick ratio of 1.13, a current ratio of 2.61 and a debt-to-equity ratio of 0.77.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Thursday, January 25th. The construction company reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.56 by $0.16. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. The company had revenue of $558.83 million during the quarter, compared to analysts’ expectations of $537.23 million. On average, equities research analysts expect that Eagle Materials will post 14.29 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.40%. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

Insiders Place Their Bets

In other Eagle Materials news, SVP William R. Devlin sold 2,354 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $214.95, for a total transaction of $505,992.30. Following the transaction, the senior vice president now owns 24,998 shares in the company, valued at approximately $5,373,320.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Eagle Materials news, SVP William R. Devlin sold 2,354 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $214.95, for a total transaction of $505,992.30. Following the transaction, the senior vice president now owns 24,998 shares in the company, valued at approximately $5,373,320.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Matt Newby sold 2,940 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $251.15, for a total value of $738,381.00. Following the transaction, the executive vice president now owns 21,819 shares in the company, valued at approximately $5,479,841.85. The disclosure for this sale can be found here. Insiders have sold a total of 19,444 shares of company stock worth $4,414,889 in the last 90 days. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Eagle Materials

Hedge funds and other institutional investors have recently modified their holdings of the business. Asset Management One Co. Ltd. bought a new position in shares of Eagle Materials in the 4th quarter valued at $1,085,000. NewEdge Wealth LLC increased its stake in shares of Eagle Materials by 13.4% in the 4th quarter. NewEdge Wealth LLC now owns 89,090 shares of the construction company’s stock valued at $18,071,000 after purchasing an additional 10,514 shares during the last quarter. Mariner LLC increased its stake in shares of Eagle Materials by 4.1% in the 3rd quarter. Mariner LLC now owns 9,081 shares of the construction company’s stock valued at $1,512,000 after purchasing an additional 357 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of Eagle Materials by 185.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,193 shares of the construction company’s stock valued at $534,000 after purchasing an additional 2,075 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Eagle Materials by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 329,032 shares of the construction company’s stock valued at $54,790,000 after purchasing an additional 5,609 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

About Eagle Materials

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. 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.