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

Eagle Materials (NYSE:EXP) had its target price increased by analysts at Stephens from $250.00 to $295.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Stephens’ price target suggests a potential upside of 17.30% from the company’s previous close.

Several other equities analysts have also weighed in on the company. Loop Capital upgraded Eagle Materials from a “hold” rating to a “buy” rating and raised their target price for the company from $170.00 to $240.00 in a report on Monday, January 8th. StockNews.com downgraded Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. The Goldman Sachs Group raised 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. Stifel Nicolaus raised their price target on Eagle Materials from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Finally, Citigroup lifted their target price on Eagle Materials from $244.00 to $311.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $263.50.

Eagle Materials Price Performance

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

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, January 25th. The construction company reported $3.72 EPS for the quarter, beating 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, sell-side analysts predict that Eagle Materials will post 14.23 earnings per share for the current year.

Insiders Place Their Bets

In other Eagle Materials news, EVP Matt Newby sold 2,940 shares of Eagle Materials stock in a transaction on Monday, February 26th. The shares were sold at an average price of $251.15, for a total transaction of $738,381.00. Following the completion of the sale, the executive vice president now owns 21,819 shares of the company’s stock, valued at approximately $5,479,841.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Eagle Materials news, EVP Matt Newby sold 2,940 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $251.15, for a total transaction of $738,381.00. Following the completion of the transaction, the executive vice president now owns 21,819 shares in the company, valued at approximately $5,479,841.85. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David B. Powers sold 3,347 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $240.52, for a total transaction of $805,020.44. Following the completion of the sale, the director now owns 655 shares of the company’s stock, valued at $157,540.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,444 shares of company stock valued at $4,414,889. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Eagle Materials

Institutional investors have recently modified their holdings of the business. Asset Management One Co. Ltd. bought a new stake in Eagle Materials during the 4th quarter valued at about $1,085,000. NewEdge Wealth LLC increased its stake in Eagle Materials by 13.4% during the 4th quarter. NewEdge Wealth LLC now owns 89,090 shares of the construction company’s stock valued at $18,071,000 after purchasing an additional 10,514 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Eagle Materials in the fourth quarter worth approximately $1,988,000. Mariner LLC grew its stake in shares of Eagle Materials by 4.1% in the third quarter. Mariner LLC now owns 9,081 shares of the construction company’s stock worth $1,512,000 after acquiring an additional 357 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in Eagle Materials by 185.6% during the third quarter. DekaBank Deutsche Girozentrale now owns 3,193 shares of the construction company’s stock valued at $534,000 after buying an additional 2,075 shares during the period. 96.07% of the stock is currently owned by hedge funds and other 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.