Eagle Materials Inc. (NYSE:EXP) Receives Consensus Recommendation of “Hold” from Analysts

Eagle Materials Inc. (NYSE:EXP) has been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $274.40.

Several equities analysts have weighed in on the company. Truist Financial dropped their target price on Eagle Materials from $330.00 to $280.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Citigroup downgraded shares of Eagle Materials from a “buy” rating to a “neutral” rating and cut their target price for the stock from $334.00 to $280.00 in a research note on Monday, January 6th. Stephens reissued an “overweight” rating and issued a $310.00 price target on shares of Eagle Materials in a research report on Thursday, January 30th. Loop Capital cut their price objective on Eagle Materials from $280.00 to $245.00 and set a “hold” rating on the stock in a research report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. decreased their target price on Eagle Materials from $310.00 to $250.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th.

Eagle Materials Trading Up 2.9 %

Shares of NYSE EXP opened at $234.39 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 market capitalization of $7.80 billion, a PE ratio of 16.74 and a beta of 1.25. Eagle Materials has a twelve month low of $201.61 and a twelve month high of $321.93. The stock has a fifty day simple moving average of $220.03 and a 200-day simple moving average of $253.86.

Eagle Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 17th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Monday, March 17th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.14%.

Insider Buying and Selling

In related news, Director Michael R. Nicolais acquired 310 shares of Eagle Materials stock in a transaction dated Monday, February 10th. The stock was acquired at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the transaction, the director now owns 3,655 shares of the company’s stock, valued at $940,650.80. This represents a 9.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Eagle Materials

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sprott Inc. grew its holdings in shares of Eagle Materials by 3.0% during the fourth quarter. Sprott Inc. now owns 1,695 shares of the construction company’s stock worth $418,000 after purchasing an additional 50 shares during the last quarter. Parallel Advisors LLC grew 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 worth $55,000 after buying an additional 52 shares during the last quarter. CIBC Asset Management Inc increased its position in Eagle Materials by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,086 shares of the construction company’s stock worth $268,000 after buying an additional 54 shares during the period. Hsbc Holdings PLC lifted its stake in Eagle Materials by 6.0% in the fourth quarter. Hsbc Holdings PLC now owns 973 shares of the construction company’s stock valued at $240,000 after buying an additional 55 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Eagle Materials by 10.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company’s stock valued at $140,000 after acquiring an additional 56 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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, 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.