Loop Capital Has Lowered Expectations for Eagle Materials (NYSE:EXP) Stock Price

Eagle Materials (NYSE:EXP - Get Free Report) had its price target dropped by equities researchers at Loop Capital from $280.00 to $245.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "hold" rating on the construction company's stock. Loop Capital's target price would suggest a potential upside of 12.62% from the stock's current price.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus started coverage on shares of Eagle Materials in a research report on Tuesday, March 4th. They set a "hold" rating and a $242.00 target price on the stock. Citigroup lowered shares of Eagle Materials from a "buy" rating to a "neutral" rating and cut their price objective for the company from $334.00 to $280.00 in a report on Monday, January 6th. JPMorgan Chase & Co. lowered their target price on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. DA Davidson cut their price target on Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. Finally, Jefferies Financial Group cut Eagle Materials from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $330.00 to $310.00 in a research note on Monday, December 16th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $279.40.

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Eagle Materials Trading Down 4.9 %

Shares of Eagle Materials stock traded down $11.11 on Tuesday, hitting $217.54. 914,317 shares of the company traded hands, compared to its average volume of 325,142. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. The company has a market cap of $7.24 billion, a PE ratio of 15.54 and a beta of 1.25. The stock's 50 day moving average price is $233.13 and its 200-day moving average price is $263.89. Eagle Materials has a 52 week low of $205.44 and a 52 week high of $321.93.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share for the quarter, missing analysts' consensus estimates of $3.97 by ($0.38). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. Equities research analysts predict that Eagle Materials will post 14.39 EPS for the current year.

Insider Activity at Eagle Materials

In other news, Director Michael R. Nicolais purchased 310 shares of the stock in a transaction on Monday, February 10th. The stock was bought at an average price of $257.36 per share, with a total value of $79,781.60. Following the transaction, the director now owns 3,655 shares in the company, valued at $940,650.80. The trade was a 9.27 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Private Trust Co. NA boosted its position in Eagle Materials by 53.0% in the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after buying an additional 71 shares during the last quarter. Huntington National Bank boosted its holdings in shares of Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after acquiring an additional 144 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Eagle Materials in the fourth quarter worth $81,000. LGT Financial Advisors LLC raised its holdings in shares of Eagle Materials by 233.1% during the fourth quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company's stock worth $109,000 after purchasing an additional 310 shares during the last quarter. Finally, Transce3nd LLC acquired a new position in Eagle Materials during the fourth quarter valued at $125,000. 96.07% of the stock is owned by institutional investors and hedge funds.

About Eagle Materials

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.