Eagle Materials (NYSE:EXP) Price Target Increased to $290.00 by Analysts at JPMorgan Chase & Co.

Eagle Materials (NYSE:EXP) had its price target hoisted by JPMorgan Chase & Co. from $270.00 to $290.00 in a research report released on Wednesday, Benzinga reports. They currently have a neutral rating on the construction company’s stock.

A number of other research analysts have also weighed in on the stock. Stephens raised their target price on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an overweight rating in a research note on Thursday, August 1st. Jefferies Financial Group boosted their price objective on Eagle Materials from $270.00 to $283.00 and gave the stock a buy rating in a research note on Wednesday, July 17th. Raymond James downgraded Eagle Materials from a moderate buy rating to a hold rating in a research note on Wednesday, July 17th. Finally, Citigroup boosted their price target on shares of Eagle Materials from $252.00 to $311.00 and gave the company a buy rating in a research report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Eagle Materials currently has an average rating of Moderate Buy and a consensus price target of $297.78.

Eagle Materials Stock Performance

NYSE EXP opened at $291.93 on Wednesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.45 and a quick ratio of 1.17. Eagle Materials has a 1-year low of $145.03 and a 1-year high of $295.34. The company has a market cap of $9.88 billion, a PE ratio of 21.43 and a beta of 1.32. The stock’s 50 day simple moving average is $264.53 and its 200-day simple moving average is $250.09.

Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, July 30th. The construction company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.57 by $0.37. The company had revenue of $608.69 million for the quarter, compared to analysts’ expectations of $622.06 million. Eagle Materials had a net margin of 21.65% and a return on equity of 37.10%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.55 EPS. As a group, equities research analysts anticipate that Eagle Materials will post 15.9 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Tuesday, September 17th 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 0.34%. The ex-dividend date is Tuesday, September 17th. Eagle Materials’s dividend payout ratio is presently 7.34%.

Insider Transactions at Eagle Materials

In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $266.76, for a total value of $1,333,800.00. Following the sale, the chief financial officer now owns 60,488 shares of the company’s stock, valued at $16,135,778.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Eric Cribbs sold 1,851 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $277.06, for a total transaction of $512,838.06. Following the completion of the transaction, the insider now directly owns 13,937 shares in the company, valued at $3,861,385.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $266.76, for a total transaction of $1,333,800.00. Following the sale, the chief financial officer now owns 60,488 shares in the company, valued at $16,135,778.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,851 shares of company stock worth $2,124,258. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in EXP. TD Asset Management Inc boosted its position in Eagle Materials by 5.5% in the 1st quarter. TD Asset Management Inc now owns 919,714 shares of the construction company’s stock valued at $249,932,000 after buying an additional 47,744 shares during the period. Epoch Investment Partners Inc. grew its stake in Eagle Materials by 25.2% during the 2nd quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company’s stock worth $175,111,000 after purchasing an additional 162,049 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Eagle Materials by 4.9% during the 2nd quarter. William Blair Investment Management LLC now owns 595,276 shares of the construction company’s stock worth $129,449,000 after purchasing an additional 28,003 shares during the period. Federated Hermes Inc. raised its position in Eagle Materials by 33.4% in the 2nd quarter. Federated Hermes Inc. now owns 529,701 shares of the construction company’s stock valued at $115,189,000 after purchasing an additional 132,677 shares in the last quarter. Finally, Captrust Financial Advisors boosted its stake in shares of Eagle Materials by 61.6% in the 1st quarter. Captrust Financial Advisors now owns 509,605 shares of the construction company’s stock valued at $138,485,000 after buying an additional 194,342 shares during the period. 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, 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.