Eagle Materials Inc. (NYSE:EXP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Eagle Materials Inc. (NYSE:EXPGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $263.50.

A number of brokerages have recently issued reports on EXP. JPMorgan Chase & Co. boosted their price objective on shares of Eagle Materials from $200.00 to $265.00 and gave the company a “neutral” rating in a research report on Friday, March 22nd. Stifel Nicolaus upped their price target on Eagle Materials from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Citigroup lifted their price objective on Eagle Materials from $244.00 to $311.00 and gave the company a “buy” rating in a research report on Friday, April 5th. The Goldman Sachs Group increased their target price on shares of Eagle Materials from $238.00 to $273.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Stephens lifted their price target on shares of Eagle Materials from $250.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th.

Check Out Our Latest Research Report on EXP

Eagle Materials Stock Performance

Shares of NYSE EXP opened at $256.30 on Monday. Eagle Materials has a 12-month low of $145.03 and a 12-month high of $276.61. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of 18.09 and a beta of 1.35. 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 firm has a 50 day moving average of $259.01 and a 200 day moving average of $226.32.

Insider Activity at Eagle Materials

In other Eagle Materials news, EVP Matt Newby sold 2,940 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $251.15, for a total value of $738,381.00. Following the sale, the executive vice president now owns 21,819 shares in the company, valued at approximately $5,479,841.85. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EXP. Larson Financial Group LLC bought a new position in Eagle Materials during the third quarter valued at $25,000. Eagle Bay Advisors LLC grew its position in Eagle Materials by 79.2% in the first quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock worth $26,000 after acquiring an additional 42 shares in the last quarter. YHB Investment Advisors Inc. bought a new stake in Eagle Materials during the first quarter worth approximately $27,000. Tompkins Financial Corp purchased a new stake in Eagle Materials during the first quarter valued at approximately $27,000. Finally, Rise Advisors LLC bought a new stake in shares of Eagle Materials in the 1st quarter valued at approximately $27,000. 96.07% of the stock is currently owned by institutional investors.

About Eagle Materials

(Get Free Report

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.

Further Reading

Analyst Recommendations for Eagle Materials (NYSE:EXP)

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