Eagle Materials Inc. (NYSE:EXP – Get Free Report)’s share price was down 4.6% during mid-day trading on Thursday . The company traded as low as $218.00 and last traded at $218.01. Approximately 34,079 shares were traded during trading, a decline of 88% from the average daily volume of 295,113 shares. The stock had previously closed at $228.48.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on EXP. Stephens increased their price objective on Eagle Materials from $250.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. Raymond James upped their target price on Eagle Materials from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Truist Financial raised their price target on shares of Eagle Materials from $290.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Stifel Nicolaus dropped their price objective on shares of Eagle Materials from $300.00 to $286.00 and set a “buy” rating on the stock in a report on Wednesday, May 22nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Eagle Materials from $200.00 to $265.00 and gave the stock a “neutral” rating in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Eagle Materials presently has an average rating of “Moderate Buy” and a consensus target price of $279.67.
Eagle Materials Stock Performance
The company has a market cap of $7.33 billion, a PE ratio of 16.78 and a beta of 1.33. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.06 and a current ratio of 2.62. The firm’s 50 day moving average is $245.47 and its 200-day moving average is $235.36.
Eagle Materials (NYSE:EXP – Get Free Report) last announced its quarterly earnings data on Tuesday, May 21st. The construction company reported $2.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.48). The firm had revenue of $476.70 million during the quarter, compared to analysts’ expectations of $480.20 million. Eagle Materials had a net margin of 21.14% and a return on equity of 37.31%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.79 EPS. On average, research analysts anticipate that Eagle Materials Inc. will post 16.15 earnings per share for the current fiscal year.
Eagle Materials Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 17th. This represents a $1.00 annualized dividend and a yield of 0.46%. Eagle Materials’s dividend payout ratio (DPR) is currently 7.34%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC lifted its stake in Eagle Materials by 79.2% in the first quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock worth $26,000 after acquiring an additional 42 shares during the last quarter. YHB Investment Advisors Inc. purchased a new position in Eagle Materials in the first quarter valued at approximately $27,000. Tompkins Financial Corp acquired a new stake in Eagle Materials during the first quarter worth approximately $27,000. Rise Advisors LLC purchased a new stake in shares of Eagle Materials during the 1st quarter worth approximately $27,000. Finally, Global Wealth Management Investment Advisory Inc. acquired a new position in shares of Eagle Materials in the 4th quarter valued at $30,000. 96.07% of the stock is currently owned by institutional investors and hedge funds.
Eagle Materials Company Profile
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, including Portland limestone 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, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.