The Eagle Materials Inc. (EXP) Given Average Rating of “Buy” by Analysts

The Eagle Materials Inc. (EXP) Given Average Rating of “Buy” by Analysts

Eagle Materials Inc. (NYSE:EXP) has been assigned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the firm. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $89.00.

A number of analysts recently issued reports on EXP shares. Stephens cut Eagle Materials from an “overweight” rating to an “equal weight” rating in a report on Thursday, November 17th. Standpoint Research raised Eagle Materials from a “hold” rating to a “buy” rating in a report on Tuesday, October 4th. CL King raised Eagle Materials from a “neutral” rating to a “buy” rating in a report on Tuesday, October 4th. Zacks Investment Research raised Eagle Materials from a “hold” rating to a “buy” rating and set a $111.00 price objective on the stock in a report on Tuesday, December 27th. Finally, Citigroup Inc. cut Eagle Materials from a “buy” rating to a “neutral” rating in a report on Monday, December 5th.

In related news, EVP James H. Graass sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $100.00, for a total transaction of $500,000.00. Following the transaction, the executive vice president now directly owns 64,241 shares of the company’s stock, valued at approximately $6,424,100. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP William R. Devlin sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $92.00, for a total value of $644,000.00. Following the transaction, the senior vice president now directly owns 51,405 shares in the company, valued at $4,729,260. The disclosure for this sale can be found here. 5.50% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its position in shares of Eagle Materials by 1.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,699 shares of the company’s stock worth $132,000 after buying an additional 24 shares in the last quarter. Aperio Group LLC boosted its position in shares of Eagle Materials by 1.1% in the third quarter. Aperio Group LLC now owns 7,060 shares of the company’s stock worth $546,000 after buying an additional 75 shares in the last quarter. Ranger Investment Management L.P. boosted its position in shares of Eagle Materials by 0.5% in the second quarter. Ranger Investment Management L.P. now owns 15,820 shares of the company’s stock worth $1,221,000 after buying an additional 80 shares in the last quarter. AMI Investment Management Inc. boosted its position in shares of Eagle Materials by 0.4% in the third quarter. AMI Investment Management Inc. now owns 29,275 shares of the company’s stock worth $2,263,000 after buying an additional 110 shares in the last quarter. Finally, Advisor Group Inc. boosted its position in shares of Eagle Materials by 4.8% in the third quarter. Advisor Group Inc. now owns 2,957 shares of the company’s stock worth $195,000 after buying an additional 136 shares in the last quarter. 92.02% of the stock is currently owned by institutional investors.

Shares of Eagle Materials (NYSE:EXP) opened at 98.17 on Thursday. The company has a market capitalization of $4.73 billion, a PE ratio of 25.26 and a beta of 1.40. Eagle Materials has a 12-month low of $45.03 and a 12-month high of $103.16. The stock’s 50 day moving average price is $99.51 and its 200 day moving average price is $86.13.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Monday, October 24th. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.30 by $0.05. The firm had revenue of $332.70 million for the quarter, compared to the consensus estimate of $344.65 million. Eagle Materials had a return on equity of 17.96% and a net margin of 16.43%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS. On average, equities research analysts forecast that Eagle Materials will post $4.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 20th. Shareholders of record on Friday, December 23rd will be issued a $0.10 dividend. The ex-dividend date is Wednesday, December 21st. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. Eagle Materials’s payout ratio is currently 10.26%.

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.

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