Shares of Eagle Materials, Inc. (NYSE:EXP) have been assigned an average recommendation of “Buy” from the twelve brokerages that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $112.67.
A number of analysts have commented on the stock. Citigroup reduced their price objective on shares of Eagle Materials from $132.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 31st. Zacks Investment Research lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Northcoast Research set a $128.00 price objective on shares of Eagle Materials and gave the company a “buy” rating in a research note on Tuesday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating and set a $126.00 price objective on shares of Eagle Materials in a research note on Tuesday, July 31st. Finally, Stephens reaffirmed a “buy” rating and set a $124.00 price objective on shares of Eagle Materials in a research note on Thursday, August 9th.
Several hedge funds and other institutional investors have recently bought and sold shares of EXP. Principal Financial Group Inc. lifted its position in shares of Eagle Materials by 2.8% in the first quarter. Principal Financial Group Inc. now owns 212,577 shares of the construction company’s stock worth $21,906,000 after purchasing an additional 5,843 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Eagle Materials by 32.2% in the second quarter. State of Alaska Department of Revenue now owns 5,710 shares of the construction company’s stock worth $599,000 after buying an additional 1,390 shares during the last quarter. Bank of Montreal Can increased its holdings in Eagle Materials by 21.9% in the second quarter. Bank of Montreal Can now owns 13,247 shares of the construction company’s stock worth $1,389,000 after buying an additional 2,378 shares during the last quarter. Amalgamated Bank increased its holdings in Eagle Materials by 7.1% in the second quarter. Amalgamated Bank now owns 11,272 shares of the construction company’s stock worth $1,183,000 after buying an additional 749 shares during the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new position in Eagle Materials in the second quarter worth approximately $250,000. 92.12% of the stock is owned by institutional investors and hedge funds.
NYSE EXP traded up $1.73 on Wednesday, reaching $71.33. The company’s stock had a trading volume of 18,321 shares, compared to its average volume of 687,217. Eagle Materials has a twelve month low of $64.95 and a twelve month high of $122.49. The company has a current ratio of 2.83, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 1.24 and a beta of 1.14.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Tuesday, October 30th. The construction company reported $1.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.15). Eagle Materials had a net margin of 19.54% and a return on equity of 19.03%. The business had revenue of $381.50 million during the quarter, compared to analyst estimates of $401.04 million. During the same period in the previous year, the company posted $1.31 earnings per share. Eagle Materials’s revenue was up 1.4% compared to the same quarter last year. As a group, research analysts predict that Eagle Materials will post 5.5 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 25th. Stockholders of record on Friday, December 21st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, December 20th. Eagle Materials’s dividend payout ratio (DPR) is 9.48%.
Eagle Materials Company Profile
Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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