Eagle Materials (NYSE:EXP) Receives New Price Target of $170.00 at Stephens
Other equity research analysts have also published research reports on the company. StockNews.com downgraded Eagle Materials from a buy rating to a hold rating in a Friday, July 15 research report. JPMorgan Chase & Co. downgraded Eagle Materials from an overweight rating to a neutral rating and lowered its price target for the stock from $165.00 to $130.00 in a Wednesday, July 20 research report. DA Davidson lowered its price target on Eagle Materials from $160.00 to $145.00 and set a neutral rating on the stock in a research report on Friday, May 20. Truist Financial cut its price target on Eagle Materials from $172.00 to $155.00 and set a buy rating on the stock in a research report on Monday, May 23. Finally, Raymond James lowered its target price on Eagle Materials from $175.00 to $145.00 in a research report on Tuesday. Six investment analysts gave the stock a hold rating and seven gave the company a buy rating. According to MarketBeat.com, the stock currently has an average moderate buy rating and a consensus target price of $159.00.
Eagle Material Price Performance
Shares of EXP NYSE opened at $122.54 on Tuesday. The company’s 50-day moving average price is $119.60 and its 200-day moving average price is $129.26. The company has a market capitalization of $4.67 billion, a P/E ratio of 13.41 and a beta of 1.27. Eagle Materials has a 52-week low of $105.34 and a 52-week high of $169.15. The company has a quick ratio of 0.99, a current ratio of 2.13 and a leverage ratio of 0.83.
Eagle materials (NYSE: EXP – Get a rating) last released its results on Thursday, May 19. The construction company reported EPS of $1.90 for the quarter, beating consensus analyst estimates of $1.74 by $0.16. The company posted revenue of $413.10 million for the quarter, versus analyst estimates of $400.68 million. Eagle Materials had a return on equity of 30.51% and a net margin of 20.10%. Eagle Materials revenue for the quarter increased 20.3% year over year. In the same quarter a year earlier, the company had earned earnings per share of $1.56. On average, sell-side analysts expect Eagle Materials to post earnings per share of 11.36 for the current year.
Eagle Materials Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15. Investors of record on Thursday, June 16 received a dividend of $0.25. This represents an annualized dividend of $1.00 and a yield of 0.82%. The ex-dividend date was Wednesday, June 15. Eagle Materials’ dividend payout ratio is currently 10.94%.
Insider Activity at Eagle Materials
In related news, EVP James H. Graass sold 9,092 shares in a trade on Monday, May 23. The stock was sold at an average price of $125.02, for a total value of $1,136,681.84. Following completion of the transaction, the executive vice president now directly owns 20,090 shares of the company, valued at approximately $2,511,651.80. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. Separately, Executive Vice President James H. Graass sold 9,092 shares in a trade on Monday, May 23. The stock was sold at an average price of $125.02, for a total value of $1,136,681.84. Following completion of the transaction, the executive vice president now directly owns 20,090 shares of the company, valued at approximately $2,511,651.80. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. Also, director Ed H. Bowman, Jr. sold 1,828 shares of the company in a trade on Friday, June 17. The stock was sold at an average price of $110.15, for a total value of $201,354.20. Following the completion of the sale, the director now directly owns 10,485 shares of the company, valued at $1,154,922.75. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 17,776 shares of the company valued at $2,214,229. 1.60% of the shares are held by insiders.
Eagle Institutional Materials Trading
A number of hedge funds and other institutional investors have recently changed their EXP holdings. Signaturefd LLC acquired a new stake in shares of Eagle Materials in Q4 worth $26,000. CWM LLC acquired a new stake in shares of Eagle Materials in the 4th quarter at a value of $34,000. Prospera Financial Services Inc acquired a new stake in shares of Eagle Materials during Q1 worth approximately $42,000. Meeder Asset Management Inc. increased its position in Eagle Materials shares by 90.9% during the first quarter. Meeder Asset Management Inc. now owns 462 shares of the construction company worth $60,000 after buying 220 more shares in the last quarter. Finally, Covestor Ltd acquired a new stake in shares of Eagle Materials during the 4th quarter at a value of approximately $97,000. 96.87% of the shares are held by institutional investors and hedge funds.
About Eagle Materials
Eagle Materials Inc, through its subsidiaries, produces and supplies heavy building materials and light building materials in the United States. It operates through the cement, concrete and aggregates, gypsum board and recycled paperboard segments. The company is engaged in the extraction of limestone for the manufacture, production, distribution and sale of Portland cement; crushing and sale of slag; and the extraction of gypsum for the manufacture and sale of plasterboard used for finishing interior walls and ceilings in residential, commercial and industrial structures.
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