Loop Capital Has Lowered Expectations for Eagle Materials (NYSE:EXP) Stock Price

Eagle Materials (NYSE:EXP) had its price objective cut by equities research analysts at Loop Capital from $245.00 to $237.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the construction company’s stock. Loop Capital’s price target would suggest a potential upside of 10.74% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus began coverage on Eagle Materials in a research note on Tuesday, March 4th. They set a “hold” rating and a $242.00 price target for the company. Truist Financial dropped their price target on Eagle Materials from $330.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. dropped their price target on Eagle Materials from $310.00 to $250.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. DA Davidson dropped their price target on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Finally, Stephens reaffirmed an “overweight” rating and set a $310.00 price target on shares of Eagle Materials in a research note on Thursday, January 30th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $260.50.

Eagle Materials Price Performance

NYSE:EXP opened at $214.01 on Wednesday. The firm has a market capitalization of $7.12 billion, a price-to-earnings ratio of 15.29 and a beta of 1.36. Eagle Materials has a 52-week low of $201.61 and a 52-week high of $321.93. The stock has a fifty day moving average of $223.74 and a 200 day moving average of $247.99. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.26). The business had revenue of $470.18 million for the quarter, compared to the consensus estimate of $483.14 million. Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. Eagle Materials’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $2.24 EPS. On average, research analysts expect that Eagle Materials will post 14.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EXP. SVB Wealth LLC purchased a new position in shares of Eagle Materials in the first quarter worth about $41,000. Private Trust Co. NA increased its holdings in shares of Eagle Materials by 53.0% in the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock worth $51,000 after buying an additional 71 shares during the period. Parallel Advisors LLC increased its holdings in shares of Eagle Materials by 26.8% in the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company’s stock worth $55,000 after buying an additional 52 shares during the period. Huntington National Bank increased its holdings in shares of Eagle Materials by 154.8% in the fourth quarter. Huntington National Bank now owns 237 shares of the construction company’s stock worth $58,000 after buying an additional 144 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Eagle Materials in the fourth quarter worth about $81,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

About Eagle Materials

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, including Portland limestone 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, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.