Analysts Set Eagle Materials Inc. (NYSE:EXP) Price Target at $274.40

Shares of Eagle Materials Inc. (NYSE:EXP) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $274.40.

A number of brokerages recently issued reports on EXP. Truist Financial dropped their price target on shares of Eagle Materials from $330.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Citigroup cut shares of Eagle Materials from a “buy” rating to a “neutral” rating and cut their price target for the company from $334.00 to $280.00 in a report on Monday, January 6th. Loop Capital decreased their price objective on shares of Eagle Materials from $280.00 to $245.00 and set a “hold” rating for the company in a report on Tuesday, April 1st. JPMorgan Chase & Co. cut their target price on Eagle Materials from $310.00 to $250.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Finally, DA Davidson reduced their target price on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a report on Thursday, January 30th.

Insider Buying and Selling

In related news, Director Michael R. Nicolais purchased 310 shares of the business’s stock in a transaction on Monday, February 10th. The stock was acquired at an average price of $257.36 per share, with a total value of $79,781.60. Following the completion of the acquisition, the director now owns 3,655 shares of the company’s stock, valued at approximately $940,650.80. This trade represents a 9.27 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Private Trust Co. NA raised its holdings in Eagle Materials by 53.0% during the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock valued at $51,000 after acquiring an additional 71 shares during the period. Parallel Advisors LLC raised its stake in Eagle Materials by 26.8% during the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company’s stock valued at $55,000 after purchasing an additional 52 shares during the period. Huntington National Bank raised its stake in Eagle Materials by 154.8% during the 4th quarter. Huntington National Bank now owns 237 shares of the construction company’s stock valued at $58,000 after purchasing an additional 144 shares during the period. R Squared Ltd purchased a new position in Eagle Materials in the 4th quarter worth approximately $81,000. Finally, LGT Financial Advisors LLC boosted its stake in Eagle Materials by 233.1% in the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company’s stock worth $109,000 after purchasing an additional 310 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Stock Up 2.0 %

Shares of NYSE:EXP opened at $226.27 on Monday. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. The stock has a fifty day simple moving average of $219.89 and a two-hundred day simple moving average of $254.77. Eagle Materials has a 12-month low of $201.61 and a 12-month high of $321.93. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 16.16 and a beta of 1.25.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 17th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Monday, March 17th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.14%.

Eagle Materials Company Profile

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, including Portland limestone 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, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.