Eagle Materials (NYSE:EXP) Price Target Increased to $295.00 by Analysts at Stephens

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

Other analysts have also recently issued reports about the company. Stifel Nicolaus raised their price target on Eagle Materials from $250.00 to $300.00 and gave the company a buy rating in a research note on Monday, April 15th. Loop Capital upgraded Eagle Materials from a hold rating to a buy rating and raised their price target for the company from $170.00 to $240.00 in a research note on Monday, January 8th. StockNews.com cut Eagle Materials from a buy rating to a hold rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. raised their price target on Eagle Materials from $200.00 to $265.00 and gave the company a neutral rating in a research note on Friday, March 22nd. Finally, The Goldman Sachs Group raised their price target on Eagle Materials from $238.00 to $273.00 and gave the company a buy rating in a research note on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $263.50.

Eagle Materials Stock Down 0.1 %

Shares of NYSE EXP opened at $253.13 on Wednesday. The stock has a market cap of $8.72 billion, a P/E ratio of 17.86 and a beta of 1.34. 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 12-month low of $143.44 and a 12-month high of $272.72. The business’s fifty day simple moving average is $255.43 and its 200-day simple moving average is $213.67.

Eagle Materials (NYSE:EXP) last posted its quarterly 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. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. The company had revenue of $558.83 million for the quarter, compared to analysts’ expectations of $537.23 million. As a group, equities analysts predict that Eagle Materials will post 14.23 EPS for the current fiscal year.

Eagle Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Thursday, March 14th. Eagle Materials’s payout ratio is 7.06%.

Insider Buying and Selling

In related news, EVP Matt Newby sold 2,940 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $251.15, for a total transaction of $738,381.00. Following the transaction, the executive vice president now owns 21,819 shares of the company’s stock, valued at $5,479,841.85. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, SVP William R. Devlin sold 2,354 shares of the firm’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $214.95, for a total value of $505,992.30. Following the completion of the sale, the senior vice president now owns 24,998 shares in the company, valued at $5,373,320.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Matt Newby sold 2,940 shares of Eagle Materials stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $251.15, for a total transaction of $738,381.00. Following the completion of the sale, the executive vice president now directly owns 21,819 shares of the company’s stock, valued at $5,479,841.85. The disclosure for this sale can be found here. Insiders have sold a total of 19,444 shares of company stock valued at $4,414,889 over the last quarter. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Eagle Materials

Hedge funds and other institutional investors have recently bought and sold shares of the company. Asset Management One Co. Ltd. purchased a new stake in Eagle Materials in the 4th quarter worth approximately $1,085,000. NewEdge Wealth LLC grew its stake in shares of Eagle Materials by 13.4% during the 4th quarter. NewEdge Wealth LLC now owns 89,090 shares of the construction company’s stock valued at $18,071,000 after buying an additional 10,514 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Eagle Materials during the 4th quarter worth $1,988,000. Mariner LLC increased its holdings in shares of Eagle Materials by 4.1% during the 3rd quarter. Mariner LLC now owns 9,081 shares of the construction company’s stock worth $1,512,000 after buying an additional 357 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Eagle Materials by 185.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,193 shares of the construction company’s stock worth $534,000 after buying an additional 2,075 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other 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.