Eagle Materials to dual list on NYSE Texas as founding member

DALLAS - Eagle Materials Inc. (NYSE:EXP), a $7.8 billion building materials manufacturer, will dual list its common stock on NYSE Texas, the newly launched fully electronic equities exchange headquartered in Dallas, Texas, effective August 15, 2025. The building materials manufacturer will become a Founding Member of the NYSE Texas Exchange while maintaining its primary listing on the New York Stock Exchange under the same ticker symbol. According to InvestingPro data, the company maintains strong financial health with a "GOOD" overall rating.

"Today’s announcement reinforces both our long-term relationship with the NYSE and our commitment to the State of Texas," said Michael Haack, President and CEO of Eagle Materials, in a press release statement.

Eagle Materials has been headquartered in Dallas since its initial public offering in 1994. The company, which has maintained dividend payments for 22 consecutive years, manufactures Portland cement, aggregates, and gypsum wallboard through a network of more than 70 facilities across 21 states. With a healthy current ratio of 2.73, the company demonstrates strong operational efficiency and liquid assets that exceed short-term obligations, as revealed by InvestingPro analysis.

Chris Taylor, Chief Development Officer of NYSE Group, expressed enthusiasm about welcoming Eagle Materials to the NYSE Texas community of Founding Members.

NYSE Texas is a new fully electronic equities exchange based in Dallas. The dual listing represents an expansion of Eagle’s market presence while maintaining its established position on the New York Stock Exchange.

Eagle Materials produces construction materials used in infrastructure and building projects throughout Texas and other U.S. regions. The company positions its products as essential components for building and repairing roads, highways, and various structures across America. The stock has shown recent momentum with a 7.57% return over the past week, though current analysis suggests the stock may be trading above its Fair Value.

In other recent news, Eagle Materials reported strong financial results for its first fiscal quarter of 2026. The company’s earnings per share (EPS) reached $3.76, surpassing the anticipated $3.73, while revenue climbed to $635 million, exceeding the consensus expectation of $612 million. This performance was achieved despite challenges such as weather and housing market headwinds. In response to these results, Stifel raised its price target for Eagle Materials to $246, maintaining a Hold rating, while Loop Capital increased its price target to $245 from $230, also maintaining a Hold rating. Both firms highlighted the company’s strong wallboard performance, which offset weaker cement earnings. Additionally, Eagle Materials’ Board of Directors declared a quarterly cash dividend of $0.25 per share, payable on October 16, 2025. These recent developments reflect the company’s ability to navigate industry challenges and deliver solid financial outcomes.

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