Eagle Materials Inc (NYSE:EXP) Given Average Recommendation of “Hold” by Analysts

Shares of Eagle Materials Inc (NYSE:EXP) have been given a consensus recommendation of “Hold” by the twelve brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $255.40.

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Eagle Materials from $220.00 to $245.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 26th. Wells Fargo & Company raised shares of Eagle Materials to a “strong-buy” rating in a report on Wednesday, October 8th. Zacks Research lowered shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Loop Capital increased their price objective on shares of Eagle Materials from $230.00 to $245.00 and gave the company a “hold” rating in a report on Wednesday, July 30th. Finally, Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd.

Eagle Materials Trading Down 0.4%

Shares of EXP opened at $232.98 on Monday. The stock has a market capitalization of $7.56 billion, a P/E ratio of 17.16 and a beta of 1.31. The company has a quick ratio of 1.26, a current ratio of 2.73 and a debt-to-equity ratio of 0.87. The firm has a fifty day simple moving average of $233.24 and a two-hundred day simple moving average of $222.69. Eagle Materials has a twelve month low of $191.91 and a twelve month high of $321.93.

Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, July 29th. The construction company reported $3.76 EPS for the quarter, topping the consensus estimate of $3.73 by $0.03. The firm had revenue of $634.69 million during the quarter, compared to analysts’ expectations of $611.52 million. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. On average, research analysts anticipate that Eagle Materials will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 16th. Stockholders of record on Monday, September 15th were issued a $0.25 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. Eagle Materials’s dividend payout ratio is presently 7.36%.

Institutional Trading of Eagle Materials

Hedge funds have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. lifted its stake in Eagle Materials by 7,750.0% in the second quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock worth $32,000 after acquiring an additional 155 shares during the period. MAI Capital Management lifted its position in shares of Eagle Materials by 3,060.0% during the second quarter. MAI Capital Management now owns 158 shares of the construction company’s stock valued at $32,000 after buying an additional 153 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Eagle Materials by 102.4% during the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock valued at $35,000 after buying an additional 87 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Eagle Materials during the first quarter valued at about $41,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Eagle Materials by 62.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 208 shares of the construction company’s stock valued at $42,000 after buying an additional 80 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

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.