Eagle Materials Inc. (NYSE:EXP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Eagle Materials Inc. (NYSE:EXPGet Free Report) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $222.00.

EXP has been the topic of several recent analyst reports. Loop Capital upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and lifted their price objective for the company from $170.00 to $240.00 in a research report on Monday, January 8th. StockNews.com upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Raymond James lifted their price objective on shares of Eagle Materials from $170.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, January 29th. Truist Financial lifted their price objective on shares of Eagle Materials from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, JPMorgan Chase & Co. raised shares of Eagle Materials from an “underweight” rating to a “neutral” rating and set a $200.00 price objective for the company in a research note on Tuesday, December 12th.

Read Our Latest Analysis on EXP

Eagle Materials Price Performance

NYSE EXP opened at $243.23 on Friday. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 17.16 and a beta of 1.33. 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 $129.76 and a 12 month high of $244.72. The company’s 50 day moving average is $207.36 and its two-hundred day moving average is $185.56.

Eagle Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date is Thursday, March 14th. Eagle Materials’s dividend payout ratio is currently 7.06%.

Insider Activity

In other news, EVP Eric Cribbs sold 700 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $186.22, for a total transaction of $130,354.00. Following the completion of the sale, the executive vice president now directly owns 15,654 shares of the company’s stock, valued at $2,915,087.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Eric Cribbs sold 700 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $186.22, for a total value of $130,354.00. Following the completion of the sale, the executive vice president now directly owns 15,654 shares of the company’s stock, valued at $2,915,087.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP William R. Devlin sold 2,354 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $214.95, for a total transaction of $505,992.30. Following the completion of the sale, the senior vice president now directly owns 24,998 shares of the company’s stock, valued at $5,373,320.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,204 shares of company stock valued at $3,806,862. 1.70% of the stock is currently owned by company insiders.

Institutional Trading of Eagle Materials

A number of hedge funds have recently added to or reduced their stakes in EXP. Raymond James Financial Services Advisors Inc. raised its holdings in Eagle Materials by 9.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,727 shares of the construction company’s stock worth $1,377,000 after purchasing an additional 905 shares in the last quarter. Bank of Montreal Can raised its holdings in Eagle Materials by 4.8% in the first quarter. Bank of Montreal Can now owns 3,810 shares of the construction company’s stock worth $511,000 after purchasing an additional 174 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Eagle Materials by 29.5% in the first quarter. MetLife Investment Management LLC now owns 25,532 shares of the construction company’s stock worth $3,277,000 after purchasing an additional 5,821 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Eagle Materials by 7.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,478 shares of the construction company’s stock worth $1,858,000 after purchasing an additional 993 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in Eagle Materials by 6.5% in the first quarter. Great West Life Assurance Co. Can now owns 22,071 shares of the construction company’s stock worth $2,913,000 after purchasing an additional 1,347 shares in the last quarter. 92.57% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Company Profile

(Get Free Report

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.

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Analyst Recommendations for Eagle Materials (NYSE:EXP)

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