Eagle Materials Inc. (NYSE:EXP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Eagle Materials Inc. (NYSE:EXP) has received an average rating of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $302.67.

Several research firms have commented on EXP. Jefferies Financial Group lifted their target price on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Citigroup boosted their target price on shares of Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Raymond James downgraded Eagle Materials from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th. The Goldman Sachs Group raised their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price target on Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th.

Eagle Materials Stock Up 0.7 %

Shares of NYSE:EXP opened at $287.49 on Monday. The company has a market capitalization of $9.64 billion, a PE ratio of 20.30 and a beta of 1.32. Eagle Materials has a twelve month low of $161.05 and a twelve month high of $306.36. The firm has a 50 day simple moving average of $277.89 and a 200-day simple moving average of $253.28. The company has a current ratio of 2.34, a quick ratio of 1.17 and a debt-to-equity ratio of 0.74.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). The business had revenue of $623.62 million during the quarter, compared to analysts’ expectations of $651.46 million. Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. Eagle Materials’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.28 EPS. On average, equities analysts predict that Eagle Materials will post 15.45 EPS for the current fiscal year.

Insider Activity

In related news, Director George John Damiris sold 1,000 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the completion of the transaction, the director now directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is owned by company insiders.

Institutional Trading of Eagle Materials

Institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. increased its stake in shares of Eagle Materials by 13.0% in the 1st quarter. Advisors Asset Management Inc. now owns 35,894 shares of the construction company’s stock valued at $9,754,000 after purchasing an additional 4,130 shares during the last quarter. M&G Plc acquired a new position in Eagle Materials during the first quarter worth about $9,628,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Eagle Materials by 1.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 351,258 shares of the construction company’s stock worth $95,455,000 after acquiring an additional 3,897 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Eagle Materials by 481.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,315 shares of the construction company’s stock valued at $1,808,000 after purchasing an additional 6,885 shares in the last quarter. Finally, Ausbil Investment Management Ltd grew its holdings in shares of Eagle Materials by 400.3% during the 3rd quarter. Ausbil Investment Management Ltd now owns 12,978 shares of the construction company’s stock valued at $3,733,000 after purchasing an additional 10,384 shares during the last quarter. Institutional investors own 96.07% of the company’s stock.

About Eagle Materials

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, including Portland limestone 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, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.