Eagle Materials (NYSE:EXP) PT Raised to $195.00 at Truist Financial

Eagle Materials (NYSE:EXP – Get Rating) had its price target upped by equities researchers at Truist Financial from $155.00 to $195.00 in a report released on Friday, The Fly reports. Truist Financial’s price objective indicates a potential upside of 16.62% from the company’s previous close.

EXP has been the topic of a number of other reports. StockNews.com initiated coverage on Eagle Materials in a report on Thursday. They set a “buy” rating on the stock. Raymond James boosted their target price on Eagle Materials from $140.00 to $152.00 and gave the stock an “outperform” rating in a report on Wednesday, January 25th. The Goldman Sachs Group boosted their target price on Eagle Materials from $130.00 to $149.00 and gave the stock a “buy” rating in a report on Friday, January 27th. Loop Capital boosted their target price on Eagle Materials from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Friday, April 21st. Finally, Stephens boosted their target price on Eagle Materials from $170.00 to $190.00 in a report on Friday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $164.86.

Eagle Materials Trading Up 0.7 %

Shares of Eagle Materials stock opened at $167.21 on Friday. Eagle Materials has a 12-month low of $101.98 and a 12-month high of $169.19. The stock has a market cap of $6.03 billion, a P/E ratio of 13.42 and a beta of 1.31. The company has a quick ratio of 1.17, a current ratio of 2.45 and a debt-to-equity ratio of 0.97. The business’s 50 day moving average is $146.50 and its 200-day moving average is $140.77.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Eagle Materials during the 4th quarter worth $60,428,000. Artemis Investment Management LLP acquired a new stake in shares of Eagle Materials during the 1st quarter worth $63,979,000. Prudential Financial Inc. grew its holdings in shares of Eagle Materials by 180.3% during the 1st quarter. Prudential Financial Inc. now owns 470,479 shares of the construction company’s stock worth $60,390,000 after purchasing an additional 302,625 shares in the last quarter. Frontier Capital Management Co. LLC grew its holdings in shares of Eagle Materials by 46.9% during the 1st quarter. Frontier Capital Management Co. LLC now owns 786,824 shares of the construction company’s stock worth $115,466,000 after purchasing an additional 251,320 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in shares of Eagle Materials by 3,532.8% during the 1st quarter. Alyeska Investment Group L.P. now owns 186,872 shares of the construction company’s stock worth $27,423,000 after purchasing an additional 181,728 shares in the last quarter. 93.67% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Company Profile

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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.