How to Buy Eagle Materials Stock
Eagle Materials Inc
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.
How to Buy Eagle Materials Stock
Not sure how to invest in Eagle Materials stock? Here's how.
- Choose where to buy Eagle Materials stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you decide where to buy Eagle Materials stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Choose your method of payment and add your details.
- Analyze Eagle Materials stock: The Eagle Materials ticker symbol is EXP. Is Eagle Materials stock a good investment? Should you buy shares of EXP? How do EXP's underlying business fundamentals look? Do top analysts think Eagle Materials is a good buy? Why has EXP's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if EXP is a good stock to buy).
- Place your EXP trade: Decide if you will purchase EXP shares at the current market price or use a limit order to purchase EXP stock at a particular price.
- Keep an eye on your EXP position: Create a watchlist to key updates about your new investment in Eagle Materials stock.
Step 1: Choose where to buy Eagle Materials stock
You need an online brokerage account in order to access the NYSE market and buy EXP stock.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've picked the right brokerage, the next step is to fill out some personal information so you are able to buy EXP stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.
- Enter your personal details to open a new brokerage account.
- Submit your details by hitting the "Create Account" button.
Step 3: Deposit money your investment account
Now that you have filled out your info on the best stock trading app, you can securely and quickly fund your account:
Check out this video walkthrough for more details transferring money into your brokerage account.
Step 4: Analyze Eagle Materials stock
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.
Eagle Materials Numbers
EXP Due Diligence Checks
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.
Is EXP stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge EXP's intrinsic value.
Using relative valuations methods:
- EXP could be undervalued based on its P/E ratio of 13.48x, relative to Building Materials industry P/E ratio of 25.53x
- EXP could be overvalued based on its P/B ratio of 5.05x, relative to Building Materials industry P/B ratio of 2.7x
- EXP could be overvalued based on its PEG ratio of 1.27x
You can do additional valuation research on EXP's stock here.
Is EXP a healthy company?
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the EXP balance sheet.
- EXP's operating cash flow of $541.73M allows it to safely service it's debt of $1.12B.
- EXP profit margin has gone up from 20.1% to 21.5% in the past year.
- EXP earnings of $623.76M is not sufficient to cover its interest payments.
Failed Health Checks:
- EXP has a relatively high debt to equity ratio of 1.35.
- There are more long-term liabilities than short-term assets on the EXP balance sheet.
- Total EXP debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Eagle Materials stock, according to Wall Street analysts?
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.
Most Recent EXP Analyst Forecasts
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:
- EPS of 2.79, which beat the Zacks Consensus Estimate of $2.35 and, by 46.8%, Q4 2022's $1.90.
- Revenue of $470.13M, which beat the Zacks Consensus Estimate by 1.19% and Q4 2022's $413.12M by 13.8%.
- Net Earnings of $100.4M, up 35% Y/Y.
- Adjusted EBITDA of $171.7M, up 30% Y/Y.
For FY 2023:
- EPS of $12.46, up 36% Y/Y.
- Revenue of $2.1B, up 15% Y/Y.
- Net Earnings of $461.5M, up 23% Y/Y.
- Adjusted EBITDA of $781.5M, up 19% Y/Y.
- The repurchase of 3.1M shares at a cost of $388M.
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.
EXP Technicals
EXP Earnings
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.
Are EXP insiders buying or selling the stock?
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.
Can I rely on EXP as an income stream?
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.
Get opinions from other traders
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Step 5: Place your EXP trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly fine. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount limit, use a limit order.
Press the Open Trade button and your broker will place the order.
If you require more assistance investing in stocks on eToro, click the how to video below:
Step 6: Keep an eye on your EXP position
Now that you own some shares in EXP, you'll want to keep up with your new shares.
Make a watchlist to monitor your EXP stock.
EXP Feed
How to Buy Stock in Eagle Materials
To summarize, here are the 6 steps to buy stock in Eagle Materials:
- Choose where to buy Eagle Materials stock
- Open a brokerage account
- Deposit money your investment account
- Analyze Eagle Materials stock
- Place your EXP trade
- Keep an eye on your EXP position
If you are looking for a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep tabs on your investment in Eagle Materials, add EXP to your watchlist by clicking the button below.
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