Eagle Materials, Inc. (NYSE:EXP) Receives $95.17 Consensus Price Target from Brokerages

Eagle Materials, Inc. (NYSE:EXP) has earned a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $95.17.

A number of brokerages have recently issued reports on EXP. Citigroup upped their target price on shares of Eagle Materials from $84.00 to $87.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Berenberg Bank began coverage on shares of Eagle Materials in a research report on Wednesday, April 3rd. They set a “buy” rating and a $103.00 price objective for the company. TheStreet downgraded shares of Eagle Materials from a “b” rating to a “c+” rating in a research report on Friday, May 17th. Zacks Investment Research raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. Finally, Northcoast Research downgraded shares of Eagle Materials from a “neutral” rating to a “sell” rating and set a $76.00 price objective for the company. in a research report on Monday, July 1st.

Hedge funds and other institutional investors have recently bought and sold shares of the business. AMI Investment Management Inc. lifted its stake in Eagle Materials by 0.8% during the fourth quarter. AMI Investment Management Inc. now owns 24,760 shares of the construction company’s stock valued at $1,511,000 after purchasing an additional 190 shares during the last quarter. Callahan Advisors LLC lifted its stake in Eagle Materials by 1.5% during the first quarter. Callahan Advisors LLC now owns 13,792 shares of the construction company’s stock valued at $1,163,000 after purchasing an additional 200 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in Eagle Materials during the first quarter valued at approximately $31,000. Fishman Jay A Ltd. MI lifted its stake in Eagle Materials by 4.9% during the first quarter. Fishman Jay A Ltd. MI now owns 9,160 shares of the construction company’s stock valued at $772,000 after purchasing an additional 425 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Eagle Materials by 8.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,533 shares of the construction company’s stock valued at $337,000 after purchasing an additional 437 shares during the last quarter. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Eagle Materials stock traded down $0.60 during trading on Thursday, reaching $86.94. 12,153 shares of the company’s stock were exchanged, compared to its average volume of 498,827. The business’s 50-day simple moving average is $88.58. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 2.38. Eagle Materials has a 52-week low of $57.00 and a 52-week high of $111.42. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.59 and a beta of 1.30.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Thursday, May 16th. The construction company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. Eagle Materials had a net margin of 4.94% and a return on equity of 17.82%. The firm had revenue of $284.70 million for the quarter, compared to analyst estimates of $278.70 million. During the same quarter in the previous year, the business posted $0.76 EPS. The firm’s revenue was up .0% compared to the same quarter last year. As a group, research analysts anticipate that Eagle Materials will post 5.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, June 21st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Thursday, June 20th. Eagle Materials’s dividend payout ratio (DPR) is 7.92%.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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Analyst Recommendations for Eagle Materials (NYSE:EXP)

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