Stephens Raises Eagle Materials (NYSE:EXP) Price Target to $295.00

Eagle Materials (NYSE:EXP) had its target price increased by Stephens from $250.00 to $295.00 in a research report released on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the construction company’s stock.

A number of other research analysts also recently issued reports on EXP. JPMorgan Chase & Co. upped their price objective on Eagle Materials from $200.00 to $265.00 and gave the company a neutral rating in a research note on Friday, March 22nd. Raymond James upped their price target on Eagle Materials from $170.00 to $230.00 and gave the company an outperform rating in a research report on Monday, January 29th. Stifel Nicolaus upped their price target on Eagle Materials from $250.00 to $300.00 and gave the company a buy rating in a research report on Monday, April 15th. StockNews.com cut Eagle Materials from a buy rating to a hold rating in a research report on Wednesday, April 10th. Finally, Truist Financial upped their price target on Eagle Materials from $290.00 to $320.00 and gave the company a buy rating in a research report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $263.50.

Eagle Materials Stock Up 1.1 %

Shares of NYSE:EXP opened at $256.70 on Wednesday. The company has a market capitalization of $8.84 billion, a PE ratio of 18.12 and a beta of 1.34. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.61 and a quick ratio of 1.13. The business has a fifty day moving average price of $255.73 and a two-hundred day moving average price of $214.87. Eagle Materials has a 1 year low of $143.95 and a 1 year high of $272.72.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Thursday, January 25th. The construction company reported $3.72 earnings per share (EPS) 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 the consensus estimate of $537.23 million. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. Analysts forecast that Eagle Materials will post 14.23 earnings per share for the current year.

Eagle Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 15th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 0.39%. Eagle Materials’s dividend payout ratio (DPR) is 7.06%.

Insider Buying and Selling

In related news, SVP Tony Thompson sold 638 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $235.07, for a total transaction of $149,974.66. Following the sale, the senior vice president now owns 14,393 shares of the company’s stock, valued at approximately $3,383,362.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Eagle Materials news, EVP Matt Newby sold 2,940 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $251.15, for a total value of $738,381.00. Following the transaction, the executive vice president now directly owns 21,819 shares in the company, valued at approximately $5,479,841.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tony Thompson sold 638 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $235.07, for a total value of $149,974.66. Following the completion of the transaction, the senior vice president now owns 14,393 shares in the company, valued at $3,383,362.51. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,090 shares of company stock valued at $2,401,577. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Eagle Materials

A number of institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its stake in Eagle Materials by 9.3% in the 1st quarter. Fifth Third Bancorp now owns 494 shares of the construction company’s stock worth $134,000 after acquiring an additional 42 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in Eagle Materials by 3.7% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,277 shares of the construction company’s stock worth $347,000 after acquiring an additional 45 shares during the last quarter. Meritage Portfolio Management increased its stake in Eagle Materials by 2.1% in the 4th quarter. Meritage Portfolio Management now owns 2,259 shares of the construction company’s stock worth $458,000 after acquiring an additional 47 shares during the last quarter. GAMMA Investing LLC increased its stake in Eagle Materials by 16.5% in the 1st quarter. GAMMA Investing LLC now owns 382 shares of the construction company’s stock worth $104,000 after acquiring an additional 54 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Eagle Materials by 2.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,793 shares of the construction company’s stock worth $632,000 after acquiring an additional 74 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Company Profile

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.