Stephens Boosts Eagle Materials (NYSE:EXP) Price Target to $295.00

Eagle Materials (NYSE:EXP) had its price objective lifted by research analysts at Stephens from $250.00 to $295.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. Stephens’ price objective suggests a potential upside of 16.17% from the company’s current price.

EXP has been the subject of a number of other reports. Citigroup increased their price target on Eagle Materials from $244.00 to $311.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Raymond James increased their price objective on shares of Eagle Materials from $170.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. The Goldman Sachs Group increased their price objective on shares of Eagle Materials from $238.00 to $273.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Truist Financial increased their price objective on shares of Eagle Materials from $290.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Finally, Loop Capital raised shares of Eagle Materials from a “hold” rating to a “buy” rating and increased their price objective for the stock from $170.00 to $240.00 in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $263.50.

Eagle Materials Stock Performance

Shares of Eagle Materials stock opened at $253.93 on Wednesday. The company has a current ratio of 2.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. The business has a 50-day moving average price of $255.52 and a two-hundred day moving average price of $213.95. Eagle Materials has a 1-year low of $143.44 and a 1-year high of $272.72. The company has a market cap of $8.75 billion, a P/E ratio of 17.92 and a beta of 1.34.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.56 by $0.16. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. The firm had revenue of $558.83 million during the quarter, compared to the consensus estimate of $537.23 million. As a group, analysts anticipate that Eagle Materials will post 14.23 EPS for the current year.

Insider Activity at Eagle Materials

In other Eagle Materials news, EVP Matt Newby sold 3,165 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $223.76, for a total value of $708,200.40. Following the transaction, the executive vice president now owns 21,819 shares of the company’s stock, valued at $4,882,219.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Eagle Materials news, EVP Matt Newby sold 3,165 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $223.76, for a total value of $708,200.40. Following the transaction, the executive vice president now owns 21,819 shares of the company’s stock, valued at $4,882,219.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David B. Powers sold 3,347 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $240.52, for a total value of $805,020.44. Following the completion of the transaction, the director now directly owns 655 shares in the company, valued at approximately $157,540.60. The disclosure for this sale can be found here. Insiders have sold a total of 10,090 shares of company stock valued at $2,401,577 over the last 90 days. Insiders own 1.70% of the company’s stock.

Institutional Trading of Eagle Materials

Several hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in shares of Eagle Materials by 9.3% in the 1st quarter. Fifth Third Bancorp now owns 494 shares of the construction company’s stock worth $134,000 after purchasing an additional 42 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in Eagle Materials by 3.7% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,277 shares of the construction company’s stock worth $347,000 after buying an additional 45 shares during the period. Meritage Portfolio Management lifted its holdings in Eagle Materials by 2.1% in the 4th quarter. Meritage Portfolio Management now owns 2,259 shares of the construction company’s stock worth $458,000 after buying an additional 47 shares during the period. GAMMA Investing LLC lifted its holdings in Eagle Materials by 16.5% in the 1st quarter. GAMMA Investing LLC now owns 382 shares of the construction company’s stock worth $104,000 after buying an additional 54 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Eagle Materials by 2.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,793 shares of the construction company’s stock worth $632,000 after buying an additional 74 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures.