Eagle Materials is a building material company located in Texas, United States, which is part of the Basic Materials sector, and is traded under the ticker EXP on the NYSE exchange.
Eagle Materials stock last closed at $169.07, up 3.67% from the previous day, and has increased 25.17% in one year. It has overperformed other stocks in the Building Materials industry by 0.02 percentage points. Eagle Materials stock is currently +65.79% from its 52-week low of $101.98, and -0.07% from its 52-week high of $169.19.
At the moment, there are 35.39M shares of EXP outstanding. The market capitalization of EXP is $5.98B. In the past 24 hours, 364,102 EXP shares were traded.
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After you have figured out the best place to buy Eagle Materials stock, it's important to research their stock prior to buying, so you truly comprehend the risk as well as the opportunity.
WallStreetZen was built to help part-time investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on EXP's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge EXP's intrinsic value.
Using relative valuations methods:
You can do additional valuation research on EXP's stock here.
Out of 7 Equities analysts who give ratings on EXP, the consensus analyst rating on EXP is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they financial advice.
Anthony Pettinari, a top 2% analyst from Citigroup maintains EXP with a strong buy rating and raises their EXP price target from $165.00 to $190.00, on May 26, 2023.
Maintaining his Strong Buy rating, Pettinari raised his price target on Eagle Materials Inc. by 15.2%.
With builder volumes holding steady, driven by a record backlog of homes under construction, wallboard sales "may be largely unaffected" by the decline in underlying housing activity, Pettinari said.
Most recently, Eagle Materials reported its Q4 and FY 2023 earnings on 2023/05/18:
For Q4 2023:
For FY 2023:
Management did not provide financial guidance in its press release or earnings call.
President & CEO Michael R. Haack commented on the earnings call: "In the year ahead, we will continue to focus on executing well and preparing for things within our control.
"That means, first, we'll keep investing in our core. Our core businesses are well-positioned and well-prepared to capitalize on opportunities ahead. We will continue to invest in maintaining our plants in like new condition, investing in our operational and technology capabilities and improving our sustainability for the long term.
Secondly, we will be prepared for any eventuality. This includes keeping a healthy balance sheet with leverage currently at 1.4x, allowing us to manage cycles, while ensuring we can capitalize on any organic or inorganic opportunities.
"And third, we will stay relentlessly focused on our priorities. Operationally, that means keeping our employees safe, executing at the highest levels and meeting the needs of our customers.
"Strategically, we will continue to seek to grow our businesses with an emphasis on heavy-side acquisitions that meet our strategic and financial criteria.
"It also means sticking to our capital allocation priorities, including prudently returning cash to our shareholders.
"And environmentally, we will drive our sustainability initiatives, importantly in the area of limestone cement, and more broadly."
Patrick Brown, a top 1% analyst from Raymond James maintains EXP with a buy rating and raises their EXP price target from $152.00 to $176.00, on May 25, 2023.
Garik Shmois, a top 12% analyst from Loop Capital maintains EXP with a hold rating and raises their EXP price target from $160.00 to $181.00, on May 22, 2023.
Brent Thielman, a top 2% analyst from DA Davidson maintains EXP with a hold rating and raises their EXP price target from $140.00 to $175.00, on May 22, 2023.
Jerry Revich, a top 4% analyst from Goldman Sachs maintains EXP with a strong buy rating and raises their EXP price target from $149.00 to $200.00, on May 19, 2023.
You can dig deeper into what analysts are saying on the Eagle Materials stock forecast page.
Last year, EXP earnings were $461.54M. In the past 5 year, EXP's earnings have increased by 18.66% per year. This was faster than the Building Materials industry average of 9.12%.
Last year, EXP revenue was $2.15B. Over the past 5 year, EXP's revenue has increased by 9.15% per year. This was faster than the Building Materials industry average of 8.27%.
Learn more about EXP's earnings and revenue performance here.
Over the last year, executives and large shareholders at EXP have sold more shares than they have bought.
Eric Cribbs, Executive Vice President of EXP, was the latest EXP insider to sell. They sold $165,000.00 worth of EXP shares on May 24, 2023.
Research more about who owns EXP stock here.
Eagle Materials pays a dividend of 0.59%, compared to the Building Materials industry's average dividend yield of 2.53%. If you owned $1,000 of EXP stock, you would have been paid $5.91 in the past 12 months.
Eagle Materials dividend payments have consistently grown over the past decade and have remained stable.
Dig into more info about Eagle Materials dividend yield and history here.
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