Eagle Materials (NYSE:EXP) Price Target Lowered to $260.00 at DA Davidson

Eagle Materials (NYSE:EXP - Get Free Report) had its price target dropped by equities research analysts at DA Davidson from $265.00 to $260.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the construction company's stock. DA Davidson's price objective would suggest a potential upside of 2.54% from the company's current price.

Several other analysts also recently weighed in on EXP. JPMorgan Chase & Co. raised their target price on Eagle Materials from $290.00 to $310.00 and gave the company a "neutral" rating in a research note on Wednesday, November 27th. Stephens reaffirmed an "overweight" rating and issued a $310.00 target price on shares of Eagle Materials in a research report on Thursday. Citigroup downgraded shares of Eagle Materials from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $334.00 to $280.00 in a research report on Monday, January 6th. Loop Capital lowered shares of Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price target for the company. in a research note on Monday, November 25th. Finally, The Goldman Sachs Group increased their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Eagle Materials presently has a consensus rating of "Hold" and a consensus target price of $296.80.

Eagle Materials Trading Down 1.2 %

Shares of EXP stock traded down $3.17 during mid-day trading on Thursday, reaching $253.57. The company's stock had a trading volume of 334,736 shares, compared to its average volume of 305,982. The company's 50 day simple moving average is $264.79 and its 200-day simple moving average is $270.29. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. Eagle Materials has a 12-month low of $211.44 and a 12-month high of $321.93. The firm has a market capitalization of $8.44 billion, a PE ratio of 18.11 and a beta of 1.37.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its earnings results on Wednesday, January 29th. The construction company reported $3.59 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. On average, research analysts predict that Eagle Materials will post 14.6 EPS for the current fiscal year.

Insider Activity

In related news, Director Richard Ross Stewart sold 3,577 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $300.30, for a total value of $1,074,173.10. Following the sale, the director now owns 1,100 shares of the company's stock, valued at $330,330. This trade represents a 76.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tony Thompson sold 1,401 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total transaction of $439,914.00. Following the transaction, the senior vice president now directly owns 13,212 shares of the company's stock, valued at $4,148,568. The trade was a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,866 shares of company stock valued at $5,205,311. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Eagle Materials

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC boosted its position in Eagle Materials by 78.1% during the 3rd quarter. Barclays PLC now owns 37,948 shares of the construction company's stock worth $10,915,000 after acquiring an additional 16,645 shares during the period. Ausbil Investment Management Ltd lifted its holdings in Eagle Materials by 400.3% in the third quarter. Ausbil Investment Management Ltd now owns 12,978 shares of the construction company's stock worth $3,733,000 after purchasing an additional 10,384 shares during the period. Baupost Group LLC MA grew its position in Eagle Materials by 46.2% in the 3rd quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company's stock valued at $143,904,000 after buying an additional 158,171 shares in the last quarter. Entropy Technologies LP acquired a new position in Eagle Materials during the 3rd quarter valued at about $920,000. Finally, Natixis Advisors LLC increased its stake in Eagle Materials by 11.8% during the 3rd quarter. Natixis Advisors LLC now owns 27,265 shares of the construction company's stock valued at $7,843,000 after buying an additional 2,871 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

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.