Brokerages Set Eagle Materials Inc. (NYSE:EXP) Target Price at $302.67

Shares of Eagle Materials Inc. (NYSE:EXP) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $303.78.

A number of equities research analysts have commented on EXP shares. JPMorgan Chase & Co. lifted their target price on Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Truist Financial upped their target price on shares of Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday. Raymond James cut shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. The Goldman Sachs Group upped their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Citigroup lifted their target price on shares of Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a report on Thursday, August 1st.

Insider Buying and Selling

In other news, Director George John Damiris sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total value of $277,620.00. Following the completion of the transaction, the director now owns 7,943 shares in the company, valued at approximately $2,205,135.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Eagle Materials

A number of hedge funds have recently modified their holdings of EXP. CIBC Asset Management Inc boosted its stake in shares of Eagle Materials by 3.7% during the third quarter. CIBC Asset Management Inc now owns 1,032 shares of the construction company’s stock worth $297,000 after buying an additional 37 shares during the period. Eagle Bay Advisors LLC grew its stake in shares of Eagle Materials by 79.2% in the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock valued at $26,000 after purchasing an additional 42 shares during the last quarter. Financial Strategies Group Inc. grew its stake in shares of Eagle Materials by 4.4% in the 3rd quarter. Financial Strategies Group Inc. now owns 1,022 shares of the construction company’s stock valued at $304,000 after purchasing an additional 43 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Eagle Materials by 0.6% in the second quarter. Arizona State Retirement System now owns 9,644 shares of the construction company’s stock valued at $2,097,000 after purchasing an additional 56 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of Eagle Materials by 132.7% during the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock worth $31,000 after purchasing an additional 65 shares during the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Materials Trading Up 5.8 %

EXP opened at $312.76 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. The company’s 50 day simple moving average is $279.14 and its two-hundred day simple moving average is $254.07. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of 20.89 and a beta of 1.32. Eagle Materials has a 1-year low of $163.20 and a 1-year high of $315.86.

Eagle Materials (NYSE:EXP) last issued its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). The company had revenue of $623.62 million during the quarter, compared to analyst estimates of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business earned $4.28 earnings per share. Analysts expect that Eagle Materials will post 15.45 EPS for the current fiscal year.

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, 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.