Eagle Materials (NYSE:EXP) Price Target Raised to $295.00

Eagle Materials (NYSE:EXP) had its price target upped by Stephens from $250.00 to $295.00 in a report issued on Wednesday, Benzinga reports. Stephens currently has an overweight rating on the construction company’s stock.

EXP has been the topic of several other reports. Citigroup raised their target price on shares of Eagle Materials from $244.00 to $311.00 and gave the stock a buy rating in a research report on Friday, April 5th. JPMorgan Chase & Co. raised their target price on shares of Eagle Materials from $200.00 to $265.00 and gave the stock a neutral rating in a research report on Friday, March 22nd. Stifel Nicolaus raised their target price on shares of Eagle Materials from $250.00 to $300.00 and gave the stock a buy rating in a research report on Monday, April 15th. StockNews.com cut shares of Eagle Materials from a buy rating to a hold rating in a research report on Wednesday, April 10th. Finally, Raymond James raised their target price on shares of Eagle Materials from $170.00 to $230.00 and gave the stock an outperform rating in a research report on Monday, January 29th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $263.50.

Eagle Materials Price Performance

Eagle Materials stock opened at $256.70 on Wednesday. Eagle Materials has a 12-month low of $143.95 and a 12-month high of $272.72. The stock has a market capitalization of $8.84 billion, a P/E ratio of 18.12 and a beta of 1.34. The firm’s 50-day moving average is $255.73 and its two-hundred day moving average is $214.56. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.61 and a quick ratio of 1.13.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.56 by $0.16. Eagle Materials had a net margin of 22.24% and a return on equity of 40.05%. The company had revenue of $558.83 million for the quarter, compared to analysts’ expectations of $537.23 million. Equities analysts predict that Eagle Materials will post 14.23 earnings per share for the current year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.39%. Eagle Materials’s dividend payout ratio is currently 7.06%.

Insider Activity

In other news, Director David B. Powers sold 3,347 shares of Eagle Materials stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $240.52, for a total transaction of $805,020.44. Following the sale, the director now owns 655 shares in the company, valued at $157,540.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Tony Thompson sold 638 shares of Eagle Materials stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $235.07, for a total transaction of $149,974.66. Following the sale, the senior vice president now owns 14,393 shares in the company, valued at $3,383,362.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David B. Powers sold 3,347 shares of Eagle Materials stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $240.52, for a total transaction of $805,020.44. Following the sale, the director now owns 655 shares in the company, valued at approximately $157,540.60. The disclosure for this sale can be found here. Insiders have sold 10,090 shares of company stock worth $2,401,577 over the last 90 days. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Eagle Materials

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rise Advisors LLC bought a new stake in shares of Eagle Materials in the first quarter worth $27,000. YHB Investment Advisors Inc. bought a new stake in shares of Eagle Materials in the first quarter worth $27,000. Tompkins Financial Corp bought a new stake in shares of Eagle Materials in the first quarter worth $27,000. Global Wealth Management Investment Advisory Inc. bought a new stake in shares of Eagle Materials in the fourth quarter worth $30,000. Finally, Larson Financial Group LLC bought a new stake in shares of Eagle Materials in the third quarter worth $25,000. Institutional investors own 96.07% of the company’s stock.

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; 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.