Eagle Materials, Inc. (NYSE:EXP) has received a consensus recommendation of “Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $112.67.
Several equities research analysts have issued reports on EXP shares. Jefferies Financial Group reissued a “buy” rating on shares of Eagle Materials in a research note on Friday, July 20th. Zacks Investment Research raised Eagle Materials from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a research note on Tuesday, July 24th. Citigroup cut their target price on Eagle Materials from $132.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, July 31st. Northcoast Research set a $128.00 target price on Eagle Materials and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Finally, Stephens reissued a “buy” rating and set a $124.00 target price on shares of Eagle Materials in a research note on Thursday, August 9th.
A number of hedge funds have recently bought and sold shares of EXP. Dimensional Fund Advisors LP increased its stake in Eagle Materials by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 439,432 shares of the construction company’s stock worth $45,283,000 after acquiring an additional 16,230 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Eagle Materials by 7.8% during the first quarter. Russell Investments Group Ltd. now owns 12,680 shares of the construction company’s stock worth $1,304,000 after buying an additional 921 shares during the period. UBS Group AG boosted its position in shares of Eagle Materials by 1.5% during the first quarter. UBS Group AG now owns 69,568 shares of the construction company’s stock worth $7,169,000 after buying an additional 1,012 shares during the period. Legal & General Group Plc boosted its position in shares of Eagle Materials by 18.2% during the first quarter. Legal & General Group Plc now owns 54,891 shares of the construction company’s stock worth $5,656,000 after buying an additional 8,448 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of Eagle Materials by 130.2% during the first quarter. Royal Bank of Canada now owns 285,555 shares of the construction company’s stock worth $29,427,000 after buying an additional 161,522 shares during the period. 93.85% of the stock is owned by institutional investors.
Shares of NYSE:EXP traded up $0.45 during midday trading on Friday, hitting $77.53. The company had a trading volume of 812,537 shares, compared to its average volume of 869,347. Eagle Materials has a twelve month low of $64.95 and a twelve month high of $122.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.34 and a current ratio of 2.83. The stock has a market cap of $3.64 billion, a PE ratio of 13.80, a P/E/G ratio of 0.87 and a beta of 1.14.
Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Tuesday, October 30th. The construction company reported $1.53 EPS for the quarter, missing the 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 company had revenue of $381.50 million during the quarter, compared to analyst estimates of $401.04 million. During the same period in the prior year, the business posted $1.31 EPS. Eagle Materials’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, analysts predict that Eagle Materials will post 5.68 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Friday, October 5th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, October 4th. This represents a $0.40 annualized dividend and a yield of 0.52%. 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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