Eagle Materials (NYSE:EXP) Given New $300.00 Price Target at Stifel Nicolaus

Eagle Materials (NYSE:EXP) had its target price upped by Stifel Nicolaus from $250.00 to $300.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have a buy rating on the construction company’s stock.

A number of other analysts have also commented on the company. Truist Financial boosted their price target on Eagle Materials from $290.00 to $320.00 and gave the company a buy rating in a report on Tuesday, April 2nd. Citigroup boosted their price target on Eagle Materials from $244.00 to $311.00 and gave the company a buy rating in a report on Friday, April 5th. Loop Capital upgraded Eagle Materials from a hold rating to a buy rating and boosted their price target for the company from $170.00 to $240.00 in a report on Monday, January 8th. StockNews.com lowered Eagle Materials from a buy rating to a hold rating in a report on Wednesday, April 10th. Finally, The Goldman Sachs Group upped their target price on Eagle Materials from $215.00 to $238.00 and gave the stock a buy rating in a report on Friday, January 26th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $253.50.

Eagle Materials Stock Down 1.9 %

NYSE:EXP opened at $250.02 on Monday. Eagle Materials has a 1 year low of $142.12 and a 1 year high of $272.72. The company has a current ratio of 2.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. The stock has a market cap of $8.61 billion, a price-to-earnings ratio of 17.64 and a beta of 1.34. The stock has a 50-day moving average price of $254.82 and a two-hundred day moving average price of $210.04.

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

Eagle Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 15th were paid a $0.25 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.00 annualized dividend and a yield of 0.40%. Eagle Materials’s dividend payout ratio is 7.06%.

Insider Buying and Selling at Eagle Materials

In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the company’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 value of $1,078,000.00. Following the sale, the chief financial officer now owns 62,610 shares in the company, valued at $13,498,716. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Dale Craig Kesler sold 5,000 shares of the company’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 value of $1,078,000.00. Following the transaction, the chief financial officer now owns 62,610 shares of the company’s stock, valued at $13,498,716. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eric Cribbs sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $214.66, for a total value of $429,320.00. Following the completion of the transaction, the insider now directly owns 15,654 shares in the company, valued at approximately $3,360,287.64. The disclosure for this sale can be found here. Insiders have sold 19,444 shares of company stock worth $4,414,889 over the last 90 days. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Eagle Materials

Several institutional investors and hedge funds have recently made changes to their positions in EXP. Raymond James Financial Services Advisors Inc. grew its position in shares of Eagle Materials by 9.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,727 shares of the construction company’s stock valued at $1,377,000 after purchasing an additional 905 shares during the last quarter. Bank of Montreal Can grew its position in Eagle Materials by 4.8% during the first quarter. Bank of Montreal Can now owns 3,810 shares of the construction company’s stock worth $511,000 after buying an additional 174 shares in the last quarter. MetLife Investment Management LLC grew its position in Eagle Materials by 29.5% during the first quarter. MetLife Investment Management LLC now owns 25,532 shares of the construction company’s stock worth $3,277,000 after buying an additional 5,821 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Eagle Materials by 7.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,478 shares of the construction company’s stock valued at $1,858,000 after purchasing an additional 993 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in shares of Eagle Materials by 6.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 22,071 shares of the construction company’s stock valued at $2,913,000 after purchasing an additional 1,347 shares during the last quarter. Institutional investors and hedge funds 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.