Eagle Materials' (EXP) "Overweight" Rating Reaffirmed at Stephens

Eagle Materials (NYSE:EXP - Get Free Report)'s stock had its "overweight" rating reissued by research analysts at Stephens in a report released on Thursday,Benzinga reports. They presently have a $310.00 target price on the construction company's stock. Stephens' price target would suggest a potential upside of 22.26% from the stock's previous close.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. boosted their price target on shares of Eagle Materials from $290.00 to $310.00 and gave the company a "neutral" rating in a research note on Wednesday, November 27th. Citigroup lowered Eagle Materials from a "buy" rating to a "neutral" rating and cut their target price for the company from $334.00 to $280.00 in a research report on Monday, January 6th. Loop Capital lowered Eagle Materials from a "buy" rating to a "hold" rating and set a $315.00 price target for the company. in a research report on Monday, November 25th. The Goldman Sachs Group boosted their price objective on Eagle Materials from $277.00 to $317.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, Truist Financial raised their target price on Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a report on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $296.80.

Eagle Materials Price Performance

Shares of NYSE:EXP traded down $3.17 during trading on Thursday, reaching $253.57. The stock had a trading volume of 258,622 shares, compared to its average volume of 305,982. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. Eagle Materials has a 1-year low of $211.44 and a 1-year high of $321.93. The stock has a market cap of $8.44 billion, a PE ratio of 18.11 and a beta of 1.37. The business has a fifty day moving average price of $264.79 and a 200-day moving average price of $270.29.

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

Insider Activity at Eagle Materials

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of Eagle Materials stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Haack sold 11,888 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value of $3,691,224.00. Following the completion of the transaction, the chief executive officer now owns 85,811 shares in the company, valued at approximately $26,644,315.50. The trade was a 12.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,866 shares of company stock valued at $5,205,311 over the last 90 days. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Eagle Materials

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXP. CIBC Asset Management Inc raised its stake in Eagle Materials by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 1,032 shares of the construction company's stock worth $297,000 after acquiring an additional 37 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of Eagle Materials by 1.4% during the third quarter. Coldstream Capital Management Inc. now owns 2,981 shares of the construction company's stock worth $858,000 after purchasing an additional 41 shares during the last quarter. Financial Strategies Group Inc. grew its holdings in shares of Eagle Materials by 4.4% during the third quarter. Financial Strategies Group Inc. now owns 1,022 shares of the construction company's stock worth $304,000 after purchasing an additional 43 shares during the last quarter. National Bank of Canada FI increased its position in shares of Eagle Materials by 1.5% during the third quarter. National Bank of Canada FI now owns 3,872 shares of the construction company's stock worth $1,114,000 after purchasing an additional 57 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Eagle Materials by 7.1% in the 4th quarter. Blue Trust Inc. now owns 920 shares of the construction company's stock valued at $227,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company's stock.

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.