Eagle Materials Inc. (NYSE:EXP) Receives $302.67 Average Price Target from Analysts

Shares of Eagle Materials Inc. (NYSE:EXP - Get Free Report) have been assigned an average rating of "Moderate Buy" from the nine analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $303.78.

Several research firms recently issued reports on EXP. Raymond James cut Eagle Materials from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 17th. Stephens lifted their price objective on shares of Eagle Materials from $280.00 to $315.00 and gave the company an "overweight" rating in a research report on Thursday, August 1st. Citigroup upped their target price on shares of Eagle Materials from $252.00 to $311.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Truist Financial raised their target price on shares of Eagle Materials from $320.00 to $330.00 and gave the company a "buy" rating in a research note on Monday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Eagle Materials from $270.00 to $290.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 9th.

Insider Activity at Eagle Materials

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of EXP. Meritage Portfolio Management lifted its holdings in shares of Eagle Materials by 9.0% in the 3rd quarter. Meritage Portfolio Management now owns 2,323 shares of the construction company's stock worth $668,000 after acquiring an additional 192 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in Eagle Materials by 25.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,748 shares of the construction company's stock worth $790,000 after purchasing an additional 552 shares during the period. Atria Investments Inc lifted its stake in Eagle Materials by 6.1% in the third quarter. Atria Investments Inc now owns 5,922 shares of the construction company's stock worth $1,704,000 after purchasing an additional 338 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Eagle Materials during the third quarter valued at approximately $64,000. Finally, Financial Strategies Group Inc. grew its stake 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 valued at $304,000 after buying an additional 43 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Stock Performance

NYSE EXP traded up $0.76 on Monday, reaching $288.25. 155,262 shares of the stock were exchanged, compared to its average volume of 306,762. The company has a current ratio of 2.34, a quick ratio of 1.17 and a debt-to-equity ratio of 0.74. Eagle Materials has a one year low of $163.20 and a one year high of $306.36. The firm has a market capitalization of $9.67 billion, a PE ratio of 20.36 and a beta of 1.32. The company's 50-day simple moving average is $277.89 and its two-hundred day simple moving average is $253.34.

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

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.