Analysts Set Eagle Materials, Inc. (NYSE:EXP) Target Price at $100.00

Eagle Materials, Inc. (NYSE:EXP) has earned a consensus rating of “Buy” from the sixteen research firms that are presently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $100.00.

A number of research analysts have recently issued reports on the stock. BNP Paribas began coverage on shares of Eagle Materials in a report on Wednesday, October 9th. They set an “outperform” rating for the company. Exane BNP Paribas assumed coverage on Eagle Materials in a report on Wednesday, October 9th. They set an “outperform” rating and a $112.00 price objective for the company. ValuEngine raised Eagle Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Northcoast Research upgraded Eagle Materials from a “sell” rating to a “neutral” rating in a report on Friday, September 20th. Finally, Zacks Investment Research upgraded Eagle Materials from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a report on Tuesday, November 5th.

Shares of EXP opened at $90.94 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.50 and a quick ratio of 1.26. The stock has a 50-day moving average of $92.80 and a 200-day moving average of $88.45. The company has a market cap of $3.83 billion, a PE ratio of 18.01, a P/E/G ratio of 1.42 and a beta of 1.29. Eagle Materials has a one year low of $57.00 and a one year high of $97.10.

Eagle Materials (NYSE:EXP) last issued its earnings results on Thursday, October 31st. The construction company reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.18. The company had revenue of $414.50 million for the quarter, compared to analysts’ expectations of $380.38 million. Eagle Materials had a return on equity of 18.87% and a net margin of 3.07%. Eagle Materials’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business earned $1.53 EPS. Analysts expect that Eagle Materials will post 5.41 EPS for the current fiscal year.

The business also recently disclosed a dividend, which will be paid on Friday, January 24th. Investors of record on Tuesday, December 10th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, December 9th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.92%.

In other Eagle Materials news, Director David B. Powers sold 7,681 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $90.00, for a total transaction of $691,290.00. Following the completion of the transaction, the director now owns 94,521 shares in the company, valued at $8,506,890. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Keith W. Metcalf sold 3,661 shares of Eagle Materials stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $90.00, for a total transaction of $329,490.00. Following the completion of the transaction, the insider now owns 43,446 shares of the company’s stock, valued at approximately $3,910,140. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,710 shares of company stock worth $4,141,432. Insiders own 2.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of EXP. Penserra Capital Management LLC lifted its position in shares of Eagle Materials by 25.0% during the third quarter. Penserra Capital Management LLC now owns 560 shares of the construction company’s stock worth $50,000 after acquiring an additional 112 shares in the last quarter. Transamerica Financial Advisors Inc. bought a new position in shares of Eagle Materials in the second quarter worth $71,000. Quantum Capital Management bought a new position in shares of Eagle Materials in the third quarter worth $102,000. Griffin Asset Management Inc. purchased a new position in shares of Eagle Materials in the second quarter valued at $166,000. Finally, Financial Architects Inc grew its position in shares of Eagle Materials by 151.6% in the third quarter. Financial Architects Inc now owns 1,925 shares of the construction company’s stock valued at $173,000 after purchasing an additional 1,160 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.

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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