Brokerages Set Eagle Materials, Inc. (NYSE:EXP) Price Target at $93.05

Shares of Eagle Materials, Inc. (NYSE:EXP) have earned an average recommendation of “Hold” from the sixteen analysts that are presently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $94.94.

EXP has been the subject of a number of research analyst reports. Stifel Nicolaus set a $101.00 price target on Eagle Materials and gave the company a “buy” rating in a research note on Wednesday, July 31st. Jefferies Financial Group cut Eagle Materials from a “buy” rating to a “hold” rating and decreased their price target for the company from $106.00 to $92.00 in a research note on Thursday, July 18th. SunTrust Banks set a $95.00 price target on Eagle Materials and gave the company a “buy” rating in a research note on Wednesday, July 31st. Zacks Investment Research cut Eagle Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. Finally, Northcoast Research upgraded Eagle Materials from a “sell” rating to a “neutral” rating in a research note on Friday.

Eagle Materials stock remained flat at $$90.77 during midday trading on Tuesday. The company’s stock had a trading volume of 1,009,207 shares, compared to its average volume of 460,560. The stock’s 50-day simple moving average is $83.93 and its 200-day simple moving average is $85.26. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.42 and a quick ratio of 1.05. Eagle Materials has a 52 week low of $57.00 and a 52 week high of $93.18. The firm has a market capitalization of $3.81 billion, a PE ratio of 17.97, a P/E/G ratio of 1.74 and a beta of 1.23.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.27). Eagle Materials had a net margin of 3.20% and a return on equity of 17.21%. The business had revenue of $370.60 million during the quarter, compared to analysts’ expectations of $376.95 million. During the same quarter last year, the business posted $1.38 earnings per share. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. Equities research analysts predict that Eagle Materials will post 5.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, October 4th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Thursday, October 3rd. Eagle Materials’s payout ratio is 7.92%.

In other news, Director Ed H. Bowman, Jr. sold 2,492 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $84.52, for a total value of $210,623.84. Following the completion of the transaction, the director now directly owns 16,386 shares in the company, valued at $1,384,944.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David B. Powers sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $85.00, for a total value of $1,700,000.00. Following the completion of the transaction, the director now owns 86,840 shares of the company’s stock, valued at $7,381,400. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,794 shares of company stock valued at $4,724,987. Company insiders own 2.20% of the company’s stock.

Large investors have recently made changes to their positions in the company. FMR LLC raised its position in Eagle Materials by 69.9% during the first quarter. FMR LLC now owns 3,445,277 shares of the construction company’s stock valued at $290,437,000 after acquiring an additional 1,418,021 shares in the last quarter. Wells Fargo & Company MN raised its position in Eagle Materials by 2.7% during the second quarter. Wells Fargo & Company MN now owns 2,728,089 shares of the construction company’s stock valued at $252,894,000 after acquiring an additional 70,811 shares in the last quarter. Neuberger Berman Group LLC raised its position in Eagle Materials by 2.4% during the first quarter. Neuberger Berman Group LLC now owns 2,032,563 shares of the construction company’s stock valued at $171,345,000 after acquiring an additional 47,778 shares in the last quarter. Long Pond Capital LP raised its position in Eagle Materials by 10.2% during the second quarter. Long Pond Capital LP now owns 594,935 shares of the construction company’s stock valued at $55,150,000 after acquiring an additional 55,000 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in Eagle Materials by 29.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 554,925 shares of the construction company’s stock valued at $51,442,000 after acquiring an additional 125,524 shares in the last quarter.

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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