Shares of Eagle Materials, Inc. (NYSE:EXP) have been assigned an average recommendation of “Buy” from the sixteen research firms that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $97.39.

EXP has been the topic of a number of research reports. JPMorgan Chase & Co. assumed coverage on shares of Eagle Materials in a report on Thursday, March 21st. They issued a “neutral” rating and a $85.00 price objective on the stock. ValuEngine raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a report on Saturday, March 30th. Jefferies Financial Group raised shares of Eagle Materials from an “underweight” rating to a “market weight” rating in a report on Monday, March 11th. Raymond James boosted their price target on shares of Eagle Materials from $95.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. Finally, Citigroup boosted their price objective on shares of Eagle Materials from $101.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, May 17th.

A number of hedge funds have recently bought and sold shares of EXP. Penserra Capital Management LLC purchased a new stake in shares of Eagle Materials during the first quarter valued at $31,000. Cresset Asset Management LLC purchased a new stake in shares of Eagle Materials during the first quarter valued at $48,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Eagle Materials during the fourth quarter valued at $95,000. Quadrant Capital Group LLC boosted its stake in shares of Eagle Materials by 294.6% during the first quarter. Quadrant Capital Group LLC now owns 1,180 shares of the construction company’s stock valued at $97,000 after purchasing an additional 881 shares during the period. Finally, Sun Life Financial INC purchased a new stake in Eagle Materials in the fourth quarter worth about $151,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Shares of Eagle Materials stock opened at $87.36 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.38 and a quick ratio of 0.85. The stock has a market capitalization of $3.96 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 1.58 and a beta of 1.31. Eagle Materials has a 1 year low of $57.00 and a 1 year high of $115.75.

Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Thursday, May 16th. The construction company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. Eagle Materials had a net margin of 4.94% and a return on equity of 17.82%. The business had revenue of $284.70 million during the quarter, compared to analyst estimates of $278.70 million. During the same period last year, the business earned $0.76 EPS. Eagle Materials’s revenue was up .0% compared to the same quarter last year. Equities research analysts expect that Eagle Materials will post 5.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, June 21st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Thursday, June 20th. Eagle Materials’s dividend payout ratio (DPR) is 7.92%.

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.

Recommended Story: What is Blockchain?

Analyst Recommendations for Eagle Materials (NYSE:EXP)

Receive News & Ratings for Eagle Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Materials and related companies with MarketBeat.com's FREE daily email newsletter.