Stifel Nicolaus Boosts Eagle Materials (NYSE:EXP) Price Target to $300.00

Eagle Materials (NYSE:EXP) had its target price hoisted by Stifel Nicolaus from $250.00 to $300.00 in a research report report published on Monday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the construction company’s stock.

Several other research firms have also commented on EXP. StockNews.com lowered shares of Eagle Materials from a buy rating to a hold rating in a research note on Wednesday, April 10th. Truist Financial lifted their price objective on shares of Eagle Materials from $290.00 to $320.00 and gave the stock a buy rating in a research note on Tuesday, April 2nd. Citigroup lifted their price objective on shares of Eagle Materials from $244.00 to $311.00 and gave the stock a buy rating in a research note on Friday, April 5th. JPMorgan Chase & Co. lifted their price objective on shares of Eagle Materials from $200.00 to $265.00 and gave the stock a neutral rating in a research note on Friday, March 22nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Eagle Materials from $215.00 to $238.00 and gave the stock a buy rating in a research note on Friday, January 26th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Eagle Materials presently has a consensus rating of Moderate Buy and an average price target of $257.00.

Eagle Materials Trading Down 1.7 %

EXP stock opened at $244.62 on Monday. The firm has a fifty day moving average price of $255.16 and a 200 day moving average price of $210.86. Eagle Materials has a fifty-two week low of $143.23 and a fifty-two week high of $272.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 2.61. The firm has a market cap of $8.43 billion, a PE ratio of 17.26 and a beta of 1.34.

Eagle Materials (NYSE:EXP) last posted its earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share for the quarter, beating analysts’ consensus estimates of $3.56 by $0.16. The firm had revenue of $558.83 million during the quarter, compared to analyst estimates of $537.23 million. Eagle Materials had a net margin of 22.24% and a return on equity of 40.05%. Sell-side analysts anticipate that Eagle Materials will post 14.29 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were issued a $0.25 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.41%. Eagle Materials’s payout ratio is currently 7.06%.

Insider Activity at Eagle Materials

In related news, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $215.60, for a total value of $1,078,000.00. Following the completion of the sale, the chief financial officer now directly owns 62,610 shares in the company, valued at $13,498,716. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Dale Craig Kesler sold 5,000 shares of Eagle Materials stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $215.60, for a total value of $1,078,000.00. Following the completion of the sale, the chief financial officer now directly owns 62,610 shares in the company, valued at $13,498,716. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tony Thompson sold 638 shares of Eagle Materials stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $235.07, for a total value of $149,974.66. Following the completion of the sale, the senior vice president now owns 14,393 shares of the company’s stock, valued at $3,383,362.51. The disclosure for this sale can be found here. Insiders sold 19,444 shares of company stock worth $4,414,889 over the last three months. 1.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Eagle Materials

Large investors have recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in Eagle Materials in the first quarter worth about $27,000. Tompkins Financial Corp bought a new position in Eagle Materials in the first quarter worth about $27,000. Global Wealth Management Investment Advisory Inc. bought a new position in Eagle Materials in the fourth quarter worth about $30,000. Larson Financial Group LLC bought a new position in Eagle Materials in the third quarter worth about $25,000. Finally, Garner Asset Management Corp bought a new position in Eagle Materials in the fourth quarter worth about $30,000. 96.07% of the stock is currently owned by 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; 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.