Eagle Materials (NYSE:EXP) Price Target Cut to $231.00 by Analysts at Wells Fargo & Company

Eagle Materials (NYSE:EXP) had its target price decreased by research analysts at Wells Fargo & Company from $240.00 to $231.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the construction company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 13.49% from the company’s current price.

EXP has been the subject of several other research reports. Zacks Research cut shares of Eagle Materials from a “strong-buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. upgraded Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price target on the stock in a research note on Tuesday, June 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a $200.00 price objective on shares of Eagle Materials in a research report on Wednesday, May 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Eagle Materials in a report on Tuesday, June 16th. Finally, Stephens set a $230.00 price objective on Eagle Materials in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $223.44.

Eagle Materials Stock Performance

EXP stock traded down $6.37 on Thursday, reaching $203.54. 87,411 shares of the company were exchanged, compared to its average volume of 465,595. The firm has a market capitalization of $6.29 billion, a PE ratio of 15.57 and a beta of 1.37. Eagle Materials has a 12 month low of $171.99 and a 12 month high of $245.53. The stock’s fifty day moving average price is $214.89 and its 200 day moving average price is $211.01. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.66 and a quick ratio of 2.09.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.37 by ($0.08). The company had revenue of $650.97 million during the quarter, compared to analyst estimates of $620.35 million. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.76 earnings per share. On average, research analysts anticipate that Eagle Materials will post 12.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Eagle Materials

Institutional investors have recently added to or reduced their stakes in the stock. Baupost Group LLC MA raised its holdings in shares of Eagle Materials by 26.1% in the 4th quarter. Baupost Group LLC MA now owns 1,185,248 shares of the construction company’s stock worth $244,967,000 after buying an additional 245,588 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Eagle Materials by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 627,427 shares of the construction company’s stock valued at $118,846,000 after buying an additional 16,782 shares in the last quarter. Black Creek Investment Management Inc. acquired a new stake in Eagle Materials in the 4th quarter valued at $103,778,000. Norges Bank bought a new stake in Eagle Materials in the fourth quarter valued at $90,147,000. Finally, Invesco Ltd. raised its stake in Eagle Materials by 4.6% during the third quarter. Invesco Ltd. now owns 363,508 shares of the construction company’s stock worth $84,712,000 after acquiring an additional 15,899 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

More Eagle Materials News

Here are the key news stories impacting Eagle Materials this week:

• Positive Sentiment: Fiscal first-quarter revenue rose 3% year over year to a record $651.0 million, exceeding the consensus estimate cited by MarketBeat. Cement sales volume increased 8% to a record 2.1 million tons, and operating cash flow reached $154 million. Eagle Materials Reports First Quarter Results
• Positive Sentiment: Eagle Materials repurchased approximately 406,500 shares for $84 million during the quarter, which may support per-share value and signal management’s confidence in the business.
• Neutral Sentiment: The earnings call highlighted record revenue and operational progress, particularly in the Heavy Materials segment, where revenue increased 8% to $454.1 million. However, Light Materials revenue declined 5%, reflecting uneven performance across the portfolio. Eagle Materials Q1 Earnings Call Highlights
• Negative Sentiment: Net income fell 17% to $102.1 million, diluted EPS declined 13% to $3.29 from $3.76 a year earlier, and adjusted EBITDA dropped 11% to $190.5 million. Gypsum wallboard sales volume also decreased 2% to 772 million square feet. Eagle Materials Q1 Revenue Rises
• Negative Sentiment: EPS was below the $3.37 consensus estimate cited by MarketBeat, despite exceeding Zacks’ $3.26 estimate. The conflicting estimates may limit the positive reaction to the revenue beat. Eagle Materials Earnings Results
• Negative Sentiment: Zacks Research downgraded EXP from “strong-buy” to “hold,” adding to investor caution following the weaker earnings and EBITDA results.

About Eagle Materials

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.