Eagle Materials (NYSE:EXP) Issues Quarterly Earnings Results

Eagle Materials (NYSE:EXP) posted its earnings results on Tuesday. The construction company reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.26), RTT News reports. The business had revenue of $470.18 million during 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%. The business’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.24 EPS.

Eagle Materials Stock Performance

Shares of EXP opened at $214.89 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The company has a 50-day simple moving average of $223.79 and a two-hundred day simple moving average of $248.51. The firm has a market capitalization of $7.15 billion, a PE ratio of 15.35 and a beta of 1.36. Eagle Materials has a one year low of $201.61 and a one year high of $321.93.

Institutional Investors Weigh In On Eagle Materials

An institutional investor recently raised its position in Eagle Materials stock. Focus Partners Wealth boosted its position in shares of Eagle Materials Inc. (NYSE:EXP) by 21.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,019 shares of the construction company’s stock after acquiring an additional 357 shares during the period. Focus Partners Wealth’s holdings in Eagle Materials were worth $448,000 at the end of the most recent quarter. 96.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EXP has been the topic of several analyst reports. DA Davidson cut their price objective on shares of Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Stifel Nicolaus lowered their target price on shares of Eagle Materials from $242.00 to $241.00 and set a “hold” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. cut their price target on Eagle Materials from $310.00 to $250.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Loop Capital lowered their target price on Eagle Materials from $245.00 to $237.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, Truist Financial reduced their target price on Eagle Materials from $330.00 to $280.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Eagle Materials has an average rating of “Hold” and an average target price of $273.50.

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.