Eagle Materials (NYSE:EXP) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of Eagle Materials (NYSE:EXP) from a buy rating to a hold rating in a research report report published on Wednesday morning.

Several other equities research analysts have also weighed in on EXP. Raymond James boosted their target price on Eagle Materials from $170.00 to $230.00 and gave the stock an outperform rating in a report on Monday, January 29th. Citigroup upped their price target on Eagle Materials from $244.00 to $311.00 and gave the stock a buy rating in a report on Friday, April 5th. Loop Capital upgraded Eagle Materials from a hold rating to a buy rating and upped their price target for the stock from $170.00 to $240.00 in a report on Monday, January 8th. Truist Financial upped their price target on Eagle Materials from $290.00 to $320.00 and gave the stock a buy rating in a report on Tuesday, April 2nd. Finally, Stifel Nicolaus upped their price target on Eagle Materials from $186.00 to $187.00 and gave the stock a buy rating in a report on Tuesday, December 19th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Eagle Materials has an average rating of Moderate Buy and an average target price of $242.20.

Eagle Materials Stock Down 2.3 %

EXP opened at $253.12 on Wednesday. The business has a 50 day moving average price of $253.65 and a 200 day moving average price of $207.87. Eagle Materials has a twelve month low of $140.37 and a twelve month high of $272.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.13 and a current ratio of 2.61. The firm has a market cap of $8.72 billion, a P/E ratio of 17.86 and a beta of 1.34.

Eagle Materials (NYSE:EXP) last posted its earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.56 by $0.16. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. The firm had revenue of $558.83 million during the quarter, compared to analyst estimates of $537.23 million. Research analysts forecast that Eagle Materials will post 14.29 EPS for the current year.

Eagle Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Thursday, March 14th. Eagle Materials’s dividend payout ratio is presently 7.06%.

Insider Activity

In other news, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $215.60, for a total transaction of $1,078,000.00. Following the sale, the chief financial officer now directly owns 62,610 shares in the company, valued at $13,498,716. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $215.60, for a total value of $1,078,000.00. Following the sale, the chief financial officer now directly owns 62,610 shares in the company, valued at $13,498,716. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP William R. Devlin sold 2,354 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $214.95, for a total value of $505,992.30. Following the completion of the sale, the senior vice president now owns 24,998 shares in the company, valued at $5,373,320.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,444 shares of company stock worth $4,414,889. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Eagle Materials

Large investors have recently bought and sold shares of the stock. Rise Advisors LLC acquired a new position in Eagle Materials in the first quarter worth $27,000. Tompkins Financial Corp acquired a new position in Eagle Materials in the first quarter worth $27,000. Global Wealth Management Investment Advisory Inc. acquired a new position in Eagle Materials in the fourth quarter worth $30,000. Larson Financial Group LLC acquired a new position in Eagle Materials in the third quarter worth $25,000. Finally, Garner Asset Management Corp acquired a new position in Eagle Materials in the fourth quarter worth $30,000. 96.07% of the stock is currently owned by institutional investors.

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.