Eagle Materials (NYSE:EXP) Given New $310.00 Price Target at JPMorgan Chase & Co.

Eagle Materials (NYSE:EXP) had its price objective raised by JPMorgan Chase & Co. from $290.00 to $310.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the construction company’s stock.

Several other research analysts also recently issued reports on the company. Jefferies Financial Group upped their price objective on Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Loop Capital downgraded Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective on the stock. in a report on Monday. Citigroup upped their price objective on Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. The Goldman Sachs Group upped their target price on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Truist Financial upped their target price on shares of Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $307.11.

Eagle Materials Stock Down 1.3 %

Shares of EXP opened at $305.93 on Wednesday. The company has a market capitalization of $10.26 billion, a P/E ratio of 21.61 and a beta of 1.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. Eagle Materials has a one year low of $177.67 and a one year high of $321.93. The business’s 50 day simple moving average is $295.08 and its 200-day simple moving average is $259.32.

Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.44). The business had revenue of $623.62 million during the quarter, compared to analyst estimates of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.28 earnings per share. As a group, sell-side analysts predict that Eagle Materials will post 15.24 EPS for the current fiscal year.

Eagle Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 13th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Monday, December 16th. Eagle Materials’s dividend payout ratio (DPR) is presently 7.06%.

Insider Transactions at Eagle Materials

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value of $439,914.00. Following the transaction, the senior vice president now directly owns 13,212 shares of the company’s stock, valued at $4,148,568. This represents a 9.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Haack sold 11,888 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the transaction, the chief executive officer now directly owns 85,811 shares in the company, valued at $26,644,315.50. This represents a 12.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,866 shares of company stock worth $5,482,931 in the last three months. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Eagle Materials

Hedge funds have recently modified their holdings of the business. Bessemer Group Inc. increased its stake in Eagle Materials by 132.7% in 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 in the last quarter. Acadian Asset Management LLC purchased a new position in Eagle Materials during the first quarter worth about $42,000. McClarren Financial Advisors Inc. boosted its holdings in Eagle Materials by 10,750.0% during the second quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock worth $47,000 after purchasing an additional 215 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Eagle Materials during the third quarter worth about $64,000. Finally, GAMMA Investing LLC boosted its holdings in Eagle Materials by 23.3% during the second quarter. GAMMA Investing LLC now owns 471 shares of the construction company’s stock worth $102,000 after purchasing an additional 89 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, 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.