Truist Financial Issues Positive Forecast for Eagle Materials (NYSE:EXP) Stock Price

Eagle Materials (NYSE:EXP - Get Free Report) had its price objective hoisted by research analysts at Truist Financial from $320.00 to $330.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the construction company's stock. Truist Financial's target price suggests a potential upside of 14.48% from the company's current price.

Several other brokerages also recently commented on EXP. The Goldman Sachs Group raised their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Jefferies Financial Group raised their price objective on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Raymond James cut Eagle Materials from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 17th. Citigroup increased their target price on Eagle Materials from $252.00 to $311.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Finally, JPMorgan Chase & Co. increased their target price on Eagle Materials from $270.00 to $290.00 and gave the stock a "neutral" rating in a report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Eagle Materials currently has a consensus rating of "Moderate Buy" and a consensus target price of $303.78.

Eagle Materials Stock Performance

Shares of EXP stock traded up $0.76 on Monday, hitting $288.25. The company's stock had a trading volume of 155,262 shares, compared to its average volume of 306,762. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.17 and a current ratio of 2.34. The stock's 50 day moving average is $277.89 and its 200-day moving average is $253.34. Eagle Materials has a fifty-two week low of $163.20 and a fifty-two week high of $306.36. The company has a market capitalization of $9.67 billion, a PE ratio of 20.36 and a beta of 1.32.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.44). The firm had revenue of $623.62 million for the quarter, compared to the consensus estimate of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The company's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $4.28 EPS. Equities research analysts expect that Eagle Materials will post 15.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Eagle Materials news, Director George John Damiris sold 1,000 shares of Eagle Materials stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the completion of the transaction, the director now owns 7,943 shares of the company's stock, valued at $2,205,135.66. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by insiders.

Institutional Trading of Eagle Materials

A number of hedge funds have recently bought and sold shares of EXP. TD Asset Management Inc increased its stake in shares of Eagle Materials by 5.5% during the first quarter. TD Asset Management Inc now owns 919,714 shares of the construction company's stock valued at $249,932,000 after buying an additional 47,744 shares during the period. Epoch Investment Partners Inc. lifted its holdings in shares of Eagle Materials by 25.2% during the second quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company's stock valued at $175,111,000 after purchasing an additional 162,049 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in Eagle Materials by 4.9% in the second quarter. William Blair Investment Management LLC now owns 595,276 shares of the construction company's stock valued at $129,449,000 after acquiring an additional 28,003 shares during the period. Federated Hermes Inc. lifted its holdings in Eagle Materials by 33.4% in the second quarter. Federated Hermes Inc. now owns 529,701 shares of the construction company's stock valued at $115,189,000 after acquiring an additional 132,677 shares during the period. Finally, Captrust Financial Advisors raised its stake in shares of Eagle Materials by 61.6% in the first quarter. Captrust Financial Advisors now owns 509,605 shares of the construction company's stock worth $138,485,000 after buying an additional 194,342 shares during the period. Institutional investors 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.