Eagle Materials Inc (NYSE:EXP) Receives $222.56 Average Price Target from Brokerages

Shares of Eagle Materials Inc (NYSE:EXP) have earned a consensus rating of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $222.5556.

Several brokerages have recently commented on EXP. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Citigroup cut their price target on Eagle Materials from $240.00 to $232.00 and set a “neutral” rating on the stock in a report on Monday, August 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Eagle Materials in a research note on Tuesday, June 16th. Stephens boosted their price objective on Eagle Materials from $225.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. raised Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 target price on the stock in a research report on Tuesday, June 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EXP. Clearstead Advisors LLC increased its holdings in shares of Eagle Materials by 266.7% in the 4th quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after buying an additional 96 shares during the last quarter. IFP Advisors Inc boosted its holdings in Eagle Materials by 389.3% during the 4th quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock valued at $28,000 after acquiring an additional 109 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Eagle Materials during the fourth quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC bought a new stake in Eagle Materials in the 3rd quarter worth $34,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Eagle Materials by 102.4% in the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after purchasing an additional 87 shares during the last quarter. 96.07% of the stock is owned by institutional investors.

Eagle Materials Stock Performance

Shares of NYSE:EXP opened at $203.26 on Friday. The company’s 50 day simple moving average is $213.90 and its 200 day simple moving average is $209.17. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 16.07 and a beta of 1.38. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.23 and a quick ratio of 1.91. Eagle Materials has a 1 year low of $171.99 and a 1 year high of $245.53.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.29 EPS for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). The firm had revenue of $650.97 million during the quarter, compared to the consensus estimate of $620.35 million. Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.76 earnings per share. As a group, research analysts predict that Eagle Materials will post 12.66 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Monday, September 14th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a $1.00 annualized dividend and a yield of 0.5%. Eagle Materials’s payout ratio is currently 7.91%.

About Eagle Materials

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.