Eagle Materials (EXP) Rating Reiterated by Stephens

Stephens reaffirmed their buy rating on shares of Eagle Materials (NYSE:EXP) in a report issued on Thursday morning. Stephens currently has a $124.00 price objective on the construction company’s stock.

Several other research analysts have also commented on the company. Jefferies Financial Group restated a buy rating and set a $126.00 price target on shares of Eagle Materials in a research report on Tuesday, July 31st. Northcoast Research set a $128.00 price target on Eagle Materials and gave the stock a buy rating in a research report on Tuesday, July 31st. Citigroup lowered their price target on Eagle Materials from $132.00 to $125.00 and set a buy rating for the company in a research report on Tuesday, July 31st. Finally, Zacks Investment Research cut Eagle Materials from a buy rating to a hold rating in a research note on Monday, July 30th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Eagle Materials presently has an average rating of Buy and a consensus price target of $125.67.

Eagle Materials opened at $97.25 on Thursday, according to Marketbeat Ratings. Eagle Materials has a 52 week low of $86.51 and a 52 week high of $122.49. The firm has a market cap of $4.65 billion, a PE ratio of 18.01, a PEG ratio of 1.04 and a beta of 1.14. The company has a quick ratio of 1.34, a current ratio of 2.61 and a debt-to-equity ratio of 0.45.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Monday, July 30th. The construction company reported $1.54 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.02). Eagle Materials had a return on equity of 18.77% and a net margin of 18.96%. The firm had revenue of $393.80 million for the quarter, compared to analysts’ expectations of $402.34 million. During the same quarter in the prior year, the business earned $1.17 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. equities research analysts predict that Eagle Materials will post 6.15 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Friday, October 5th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Thursday, October 4th. Eagle Materials’s payout ratio is currently 9.48%.

In other news, CFO Dale Craig Kesler sold 10,000 shares of the stock in a transaction on Thursday, May 31st. The stock was sold at an average price of $108.70, for a total value of $1,087,000.00. Following the sale, the chief financial officer now directly owns 69,373 shares in the company, valued at $7,540,845.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP James H. Graass sold 5,000 shares of the stock in a transaction on Thursday, June 7th. The shares were sold at an average price of $112.50, for a total value of $562,500.00. Following the completion of the sale, the executive vice president now owns 60,253 shares in the company, valued at $6,778,462.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,000 shares of company stock worth $3,324,500. Insiders own 1.70% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in EXP. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Eagle Materials by 61.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,958 shares of the construction company’s stock valued at $202,000 after acquiring an additional 744 shares in the last quarter. Hilltop Holdings Inc. acquired a new stake in Eagle Materials in the first quarter valued at $202,000. Sawtooth Solutions LLC acquired a new stake in Eagle Materials in the second quarter valued at $244,000. Cornerstone Wealth Management LLC acquired a new stake in Eagle Materials in the second quarter valued at $250,000. Finally, GWM Advisors LLC acquired a new stake in Eagle Materials in the first quarter valued at $264,000. Institutional investors and hedge funds own 95.12% of the company’s stock.

About Eagle Materials

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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Analyst Recommendations for Eagle Materials (NYSE:EXP)

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