Eagle Materials, Inc. (EXP) Receives Consensus Recommendation of “Hold” from Analysts

Eagle Materials, Inc. (NYSE:EXP) has received a consensus rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $130.00.

A number of brokerages recently commented on EXP. Stifel Nicolaus lowered their price objective on shares of Eagle Materials from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Citigroup boosted their price objective on shares of Eagle Materials from $121.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Raymond James Financial began coverage on shares of Eagle Materials in a research report on Tuesday. They set a “market perform” rating on the stock. Finally, Zacks Investment Research raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Thursday, November 16th.

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Eagle Materials (NYSE:EXP) opened at $98.72 on Friday. The firm has a market cap of $4,800.00, a P/E ratio of 24.62, a PEG ratio of 2.36 and a beta of 1.24. The company has a quick ratio of 1.06, a current ratio of 2.44 and a debt-to-equity ratio of 0.40. Eagle Materials has a 1 year low of $86.51 and a 1 year high of $122.49.

Eagle Materials (NYSE:EXP) last released its earnings results on Wednesday, January 31st. The construction company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.20. Eagle Materials had a net margin of 18.53% and a return on equity of 18.66%. The business had revenue of $359.40 million for the quarter, compared to the consensus estimate of $364.52 million. During the same period last year, the firm posted $1.17 earnings per share. The firm’s quarterly revenue was up 18.8% compared to the same quarter last year. research analysts predict that Eagle Materials will post 5.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, April 12th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Wednesday, April 11th. Eagle Materials’s payout ratio is presently 9.98%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. grew its position in Eagle Materials by 137.2% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,982 shares of the construction company’s stock valued at $426,000 after purchasing an additional 2,303 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Eagle Materials by 67.9% in the third quarter. Ameriprise Financial Inc. now owns 286,810 shares of the construction company’s stock valued at $30,601,000 after acquiring an additional 115,968 shares during the last quarter. Hermes Investment Management Ltd. lifted its stake in Eagle Materials by 2.6% in the fourth quarter. Hermes Investment Management Ltd. now owns 590,404 shares of the construction company’s stock valued at $66,893,000 after acquiring an additional 14,788 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in Eagle Materials in the fourth quarter valued at approximately $566,000. Finally, Rhumbline Advisers lifted its stake in Eagle Materials by 12.3% in the third quarter. Rhumbline Advisers now owns 115,449 shares of the construction company’s stock valued at $12,318,000 after acquiring an additional 12,631 shares during the last quarter. 96.05% of the stock is currently owned by hedge funds and other institutional investors.

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Eagle Materials Company Profile

Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.

Analyst Recommendations for Eagle Materials (NYSE:EXP)

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