Eagle Materials (NYSE:EXP) Price Target Raised to $273.00

Eagle Materials (NYSE:EXP) had its target price boosted by The Goldman Sachs Group from $238.00 to $273.00 in a report published on Tuesday, Benzinga reports. They currently have a buy rating on the construction company’s stock.

Other research analysts also recently issued research reports about the company. Citigroup boosted their target price on Eagle Materials from $244.00 to $311.00 and gave the company a buy rating in a research note on Friday, April 5th. Loop Capital upgraded Eagle Materials from a hold rating to a buy rating and boosted their target price for the company from $170.00 to $240.00 in a research note on Monday, January 8th. Stifel Nicolaus upped their price target on Eagle Materials from $250.00 to $300.00 and gave the stock a buy rating in a research note on Monday, April 15th. StockNews.com downgraded Eagle Materials from a buy rating to a hold rating in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. upped their price target on Eagle Materials from $200.00 to $265.00 and gave the stock a neutral rating in a research note on Friday, March 22nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $257.00.

Eagle Materials Stock Down 1.7 %

NYSE:EXP opened at $238.19 on Tuesday. The business’s fifty day moving average price is $255.04 and its 200 day moving average price is $211.59. The company has a current ratio of 2.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. Eagle Materials has a 1-year low of $143.44 and a 1-year high of $272.72. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 16.81 and a beta of 1.34.

Eagle Materials (NYSE:EXP) last issued its earnings results on Thursday, January 25th. The construction company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.56 by $0.16. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. The firm had revenue of $558.83 million for the quarter, compared to the consensus estimate of $537.23 million. On average, sell-side analysts forecast that Eagle Materials will post 14.23 earnings per share for the current fiscal year.

Eagle Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.00 annualized dividend and a yield of 0.42%. Eagle Materials’s payout ratio is 7.06%.

Insider Activity at Eagle Materials

In related news, CFO Dale Craig Kesler sold 5,000 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $215.60, for a total transaction of $1,078,000.00. Following the completion of the sale, the chief financial officer now owns 62,610 shares in the company, valued at approximately $13,498,716. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Eagle Materials news, Director David B. Powers sold 3,347 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $240.52, for a total value of $805,020.44. Following the completion of the transaction, the director now owns 655 shares of the company’s stock, valued at approximately $157,540.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $215.60, for a total value of $1,078,000.00. Following the completion of the transaction, the chief financial officer now directly owns 62,610 shares of the company’s stock, valued at approximately $13,498,716. The disclosure for this sale can be found here. Insiders sold a total of 19,444 shares of company stock worth $4,414,889 in the last 90 days. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Eagle Materials

Large investors have recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in Eagle Materials in the 1st quarter valued at approximately $27,000. Tompkins Financial Corp acquired a new position in Eagle Materials in the 1st quarter valued at approximately $27,000. Global Wealth Management Investment Advisory Inc. acquired a new position in Eagle Materials in the 4th quarter valued at approximately $30,000. Larson Financial Group LLC acquired a new position in Eagle Materials in the 3rd quarter valued at approximately $25,000. Finally, Garner Asset Management Corp acquired a new position in shares of Eagle Materials in the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.