Eagle Materials (NYSE:EXP) Announces Earnings Results

Eagle Materials (NYSE:EXP) announced its quarterly earnings results on Thursday. The construction company reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.39 by ($0.17), FiscalAI reports. Eagle Materials had a net margin of 19.41% and a return on equity of 30.13%. The company had revenue of $555.96 million during the quarter, compared to the consensus estimate of $556.41 million. During the same quarter in the prior year, the firm posted $3.59 earnings per share. The business’s revenue was down .4% on a year-over-year basis.

Here are the key takeaways from Eagle Materials’ conference call:

• Reported Q3 revenue of $556 million and EPS of $3.22, with EPS down ~10% year‑over‑year and gross margin at 28.9%, driven largely by lower wallboard volumes.
• Heavy materials performed well—cement sales volume rose ~9% and aggregate volume hit a record 1.6 million tons (up 81%)—and the company has announced ~$8/ton cement price increases in most markets for early 2026.
• Light materials underperformed: wallboard revenue fell 16%, operating earnings dropped 25%, shipments declined ~14%, and wallboard pricing is range‑bound with modest downward pressure in the current residential environment.
• Major modernization projects are progressing—Laramie (Mountain Cement) commissioning expected late 2026 and Duke (wallboard) in H2 2027—which management says will lower plant cost structures; company issued $750 million of 10‑year notes and maintains strong liquidity and a 1.8x net debt/EBITDA leverage.
• Capital allocation remains balanced: fiscal YTD capex guidance of $430–$450 million to support projects, while returning nearly $150 million to shareholders this quarter via dividends and share repurchases (1.4M shares repurchased YTD, ~3.3M remaining authorization).

Eagle Materials Stock Down 3.8%

Eagle Materials stock traded down $8.22 during midday trading on Thursday, hitting $209.71. The stock had a trading volume of 463,341 shares, compared to its average volume of 450,345. Eagle Materials has a 12 month low of $191.91 and a 12 month high of $262.81. The company has a current ratio of 2.72, a quick ratio of 1.22 and a debt-to-equity ratio of 0.83. The stock has a market cap of $6.72 billion, a P/E ratio of 15.45 and a beta of 1.36. The business has a fifty day moving average price of $220.42 and a 200 day moving average price of $224.14.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 12th. Investors of record on Monday, December 15th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, December 15th. Eagle Materials’s payout ratio is 7.38%.

Analysts Set New Price Targets

Several research firms have recently commented on EXP. Wells Fargo & Company reduced their price target on Eagle Materials from $251.00 to $241.00 and set an “overweight” rating for the company in a research report on Thursday. Citigroup cut their price objective on Eagle Materials from $233.00 to $232.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. DA Davidson cut their price objective on shares of Eagle Materials from $245.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Stephens reiterated an “equal weight” rating and issued a $245.00 price objective on shares of Eagle Materials in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Eagle Materials from $245.00 to $230.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, Eagle Materials has an average rating of “Hold” and an average target price of $234.20.

Insider Transactions at Eagle Materials

In other news, Director David E. Rush acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were purchased at an average cost of $208.08 per share, for a total transaction of $208,080.00. Following the transaction, the director directly owned 4,173 shares in the company, valued at $868,317.84. This trade represents a 31.52% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Eagle Materials

Several large investors have recently made changes to their positions in EXP. Kestra Private Wealth Services LLC boosted its position in Eagle Materials by 5.2% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 1,802 shares of the construction company’s stock worth $420,000 after acquiring an additional 89 shares during the last quarter. Caisse de depot et placement du Quebec boosted its holdings in Eagle Materials by 3.6% during the third quarter. Caisse de depot et placement du Quebec now owns 1,426 shares of the construction company’s stock worth $332,000 after purchasing an additional 50 shares during the last quarter. Mackenzie Financial Corp bought a new position in Eagle Materials in the third quarter valued at $385,000. Nomura Holdings Inc. acquired a new position in shares of Eagle Materials during the 2nd quarter worth about $414,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Eagle Materials by 32.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,354 shares of the construction company’s stock valued at $274,000 after acquiring an additional 328 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.