Eagle Materials (NYSE:EXP) Given a $95.00 Price Target at SunTrust Banks

SunTrust Banks set a $95.00 price target on Eagle Materials (NYSE:EXP) in a research note released on Wednesday, TipRanks reports. The brokerage currently has a buy rating on the construction company’s stock. SunTrust Banks also issued estimates for Eagle Materials’ Q2 2020 earnings at $1.57 EPS, Q4 2020 earnings at $0.97 EPS, FY2020 earnings at $5.24 EPS, Q1 2021 earnings at $1.56 EPS, Q2 2021 earnings at $1.88 EPS, Q3 2021 earnings at $1.83 EPS, Q4 2021 earnings at $1.15 EPS and FY2021 earnings at $6.42 EPS.

A number of other research analysts have also weighed in on EXP. Citigroup raised their price target on shares of Eagle Materials from $101.00 to $105.00 and gave the company a buy rating in a research report on Friday, May 17th. Macquarie set a $100.00 price target on shares of Eagle Materials and gave the company a buy rating in a research report on Tuesday, April 2nd. Berenberg Bank started coverage on shares of Eagle Materials in a research report on Wednesday, April 3rd. They set a buy rating and a $103.00 price target on the stock. Zacks Investment Research lowered shares of Eagle Materials from a buy rating to a hold rating in a research report on Wednesday, July 3rd. Finally, TheStreet lowered shares of Eagle Materials from a b rating to a c+ rating in a research report on Friday, May 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $93.88.

EXP opened at $81.95 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.42 and a quick ratio of 0.85. The firm’s 50-day moving average price is $87.61. Eagle Materials has a fifty-two week low of $57.00 and a fifty-two week high of $102.05. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 1.52 and a beta of 1.28.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.27). Eagle Materials had a net margin of 3.20% and a return on equity of 17.21%. The firm had revenue of $370.60 million for the quarter, compared to the consensus estimate of $376.95 million. During the same period in the previous year, the business earned $1.38 earnings per share. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. As a group, analysts predict that Eagle Materials will post 5.33 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, June 21st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Thursday, June 20th. Eagle Materials’s dividend payout ratio is 7.92%.

Hedge funds have recently made changes to their positions in the business. Penserra Capital Management LLC bought a new stake in Eagle Materials in the first quarter worth about $31,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Eagle Materials in the fourth quarter valued at approximately $95,000. Quadrant Capital Group LLC raised its position in shares of Eagle Materials by 294.6% in the first quarter. Quadrant Capital Group LLC now owns 1,180 shares of the construction company’s stock valued at $97,000 after purchasing an additional 881 shares during the period. NN Investment Partners Holdings N.V. bought a new stake in shares of Eagle Materials in the second quarter valued at approximately $174,000. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Eagle Materials in the first quarter valued at approximately $207,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.

About Eagle Materials

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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Analyst Recommendations for Eagle Materials (NYSE:EXP)

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