Eagle Materials (NYSE:EXP) PT Raised to $190.00 at Stephens

Posted by Defense World Staff on May 21st, 2023

Eagle Materials (NYSE:EXP – Get Rating) had its price objective increased by research analysts at Stephens from $170.00 to $190.00 in a report issued on Friday, The Fly reports. Stephens’ price target suggests a potential upside of 13.63% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. StockNews.com began coverage on shares of Eagle Materials in a research report on Thursday. They issued a “buy” rating for the company. Raymond James lifted their price objective on Eagle Materials from $140.00 to $152.00 and gave the company an “outperform” rating in a research report on Wednesday, January 25th. Loop Capital upped their target price on Eagle Materials from $145.00 to $160.00 and gave the stock a “hold” rating in a research report on Friday, April 21st. Finally, The Goldman Sachs Group lifted their price target on Eagle Materials from $130.00 to $149.00 and gave the company a “buy” rating in a report on Friday, January 27th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.86.

Eagle Materials Stock Up 0.7 %

EXP stock opened at $167.21 on Friday. The company’s 50 day simple moving average is $146.50 and its 200-day simple moving average is $140.77. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.45 and a quick ratio of 1.17. Eagle Materials has a 52-week low of $101.98 and a 52-week high of $169.19. The firm has a market capitalization of $6.03 billion, a P/E ratio of 13.42 and a beta of 1.31.

Eagle Materials (NYSE:EXP – Get Rating) last announced its quarterly earnings data on Thursday, May 18th. The construction company reported $2.79 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.44. The firm had revenue of $470.10 million during the quarter, compared to analyst estimates of $452.11 million. Eagle Materials had a return on equity of 40.09% and a net margin of 21.49%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company posted $1.90 EPS. As a group, equities research analysts anticipate that Eagle Materials will post 12.59 EPS for the current year.

Institutional Investors Weigh In On Eagle Materials

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brinker Capital Investments LLC boosted its holdings in shares of Eagle Materials by 5.3% during the 4th quarter. Brinker Capital Investments LLC now owns 15,585 shares of the construction company’s stock worth $2,070,000 after buying an additional 788 shares during the period. Reinhart Partners Inc. grew its position in shares of Eagle Materials by 3.7% in the fourth quarter. Reinhart Partners Inc. now owns 128,054 shares of the construction company’s stock valued at $17,012,000 after purchasing an additional 4,510 shares during the last quarter. Brandywine Global Investment Management LLC increased its stake in shares of Eagle Materials by 1.9% in the third quarter. Brandywine Global Investment Management LLC now owns 29,258 shares of the construction company’s stock worth $3,136,000 after purchasing an additional 540 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new position in shares of Eagle Materials during the 4th quarter worth about $205,000. Finally, Synovus Financial Corp boosted its stake in Eagle Materials by 2.7% during the 4th quarter. Synovus Financial Corp now owns 2,716 shares of the construction company’s stock valued at $361,000 after purchasing an additional 71 shares during the period. 93.67% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Company Profile

(Get Rating)

Eagle Materials, Inc engages in the provision of heavy construction materials and light building materials. It operates through the following segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The Cement segment deals with the manufacture, production, distribution, and sale of Portland cement.