Eagle Materials (NYSE:EXP) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Eagle Materials (NYSE:EXP) had its target price lifted by The Goldman Sachs Group from $277.00 to $317.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the construction company’s stock.

Other equities research analysts have also issued reports about the stock. Raymond James lowered shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Citigroup increased their target price on shares of Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. raised their price target on Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Stephens boosted their price target on Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Finally, Jefferies Financial Group upped their price objective on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Eagle Materials has an average rating of “Moderate Buy” and a consensus target price of $302.67.

Eagle Materials Price Performance

EXP opened at $288.55 on Wednesday. The company has a market capitalization of $9.77 billion, a price-to-earnings ratio of 21.19 and a beta of 1.32. The company has a quick ratio of 1.17, a current ratio of 2.45 and a debt-to-equity ratio of 0.81. The firm has a 50-day moving average price of $276.84 and a 200-day moving average price of $252.76. Eagle Materials has a twelve month low of $152.59 and a twelve month high of $306.36.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). Eagle Materials had a return on equity of 37.10% and a net margin of 21.65%. The company had revenue of $623.62 million during the quarter, compared to the consensus estimate of $651.46 million. During the same period in the previous year, the business earned $4.28 earnings per share. Eagle Materials’s revenue was up .2% on a year-over-year basis. Equities analysts expect that Eagle Materials will post 15.9 EPS for the current year.

Eagle Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, September 17th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date was Tuesday, September 17th. Eagle Materials’s payout ratio is currently 7.34%.

Insider Activity

In other news, Director George John Damiris sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the transaction, the director now directly owns 7,943 shares in the company, valued at $2,205,135.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Eagle Materials

A number of institutional investors have recently bought and sold shares of EXP. Eagle Bay Advisors LLC boosted its position in shares of Eagle Materials by 79.2% in the first quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock worth $26,000 after purchasing an additional 42 shares during the period. Bessemer Group Inc. raised its position in Eagle Materials by 132.7% during the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after purchasing an additional 65 shares during the period. Acadian Asset Management LLC bought a new stake in Eagle Materials in the first quarter worth $42,000. McClarren Financial Advisors Inc. grew its holdings in Eagle Materials by 10,750.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock valued at $47,000 after purchasing an additional 215 shares during the last quarter. Finally, EntryPoint Capital LLC grew its position in Eagle Materials by 1,760.0% in the 1st quarter. EntryPoint Capital LLC now owns 186 shares of the construction company’s stock valued at $51,000 after acquiring an additional 176 shares during the last quarter. 96.07% of the stock is 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, 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.