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

Eagle Materials (NYSE:EXP) had its price objective boosted by stock analysts at Stephens from $250.00 to $295.00 in a research report issued 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 17.30% from the stock’s previous close.

A number of other research firms also recently commented on EXP. Raymond James increased their target price on Eagle Materials from $170.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, January 29th. The Goldman Sachs Group upped their price target on Eagle Materials from $238.00 to $273.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. StockNews.com cut Eagle Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Truist Financial raised their price target on Eagle Materials from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Finally, Citigroup raised their price objective on shares of Eagle Materials from $244.00 to $311.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Eagle Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $263.50.

Eagle Materials Price Performance

EXP stock traded down $1.95 during trading on Wednesday, reaching $251.50. 74,904 shares of the company were exchanged, compared to its average volume of 296,044. The company has a 50-day moving average of $255.27 and a two-hundred day moving average of $213.39. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.61 and a quick ratio of 1.13. Eagle Materials has a twelve month low of $143.44 and a twelve month high of $272.72. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 17.79 and a beta of 1.34.

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

Insider Activity

In other news, CFO Dale Craig Kesler sold 5,000 shares of the firm’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $215.60, for a total value of $1,078,000.00. Following the transaction, the chief financial officer now owns 62,610 shares of the company’s stock, valued at $13,498,716. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Eagle Materials news, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $215.60, for a total transaction of $1,078,000.00. Following the sale, the chief financial officer now owns 62,610 shares in the company, valued at approximately $13,498,716. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David B. Powers sold 3,347 shares of Eagle Materials stock in a transaction that occurred 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 transaction, the director now owns 655 shares in the company, valued at approximately $157,540.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,444 shares of company stock valued at $4,414,889. 1.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Eagle Materials

A number of large investors have recently bought and sold shares of the stock. Fifth Third Bancorp grew its stake in shares of Eagle Materials by 9.3% during the first quarter. Fifth Third Bancorp now owns 494 shares of the construction company’s stock valued at $134,000 after acquiring an additional 42 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in shares of Eagle Materials by 3.7% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,277 shares of the construction company’s stock valued at $347,000 after acquiring an additional 45 shares in the last quarter. Meritage Portfolio Management lifted its position in Eagle Materials by 2.1% during the 4th quarter. Meritage Portfolio Management now owns 2,259 shares of the construction company’s stock worth $458,000 after acquiring an additional 47 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Eagle Materials by 16.5% during the 1st quarter. GAMMA Investing LLC now owns 382 shares of the construction company’s stock worth $104,000 after purchasing an additional 54 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Eagle Materials by 2.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,793 shares of the construction company’s stock valued at $632,000 after acquiring an additional 74 shares during the period. Institutional investors and hedge funds 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; 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.