Eagle Materials (NYSE:EXP) Given a $241.00 Price Target by Stifel Nicolaus Analysts

Eagle Materials (NYSE:EXP) has been given a $241.00 price target by equities research analysts at Stifel Nicolaus in a research report issued on Wednesday, MarketBeat reports. The brokerage currently has a “hold” rating on the construction company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 12.61% from the company’s current price.

A number of other research analysts have also weighed in on EXP. Truist Financial lowered their price objective on Eagle Materials from $330.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Loop Capital reduced their price target on Eagle Materials from $245.00 to $237.00 and set a “hold” rating for the company in a report on Wednesday. DA Davidson dropped their price target on shares of Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. JPMorgan Chase & Co. cut their price objective on shares of Eagle Materials from $310.00 to $250.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Finally, Stephens reaffirmed an “overweight” rating and issued a $310.00 target price on shares of Eagle Materials in a report on Thursday, January 30th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $260.50.

Eagle Materials Trading Down 0.3%

Shares of NYSE EXP opened at $214.01 on Wednesday. Eagle Materials has a 1 year low of $201.61 and a 1 year high of $321.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The firm has a 50-day moving average of $223.74 and a 200 day moving average of $247.99. The stock has a market cap of $7.12 billion, a P/E ratio of 15.29 and a beta of 1.36.

Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, May 20th. The construction company reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.26). Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. The business had revenue of $470.18 million for the quarter, compared to the consensus estimate of $483.14 million. During the same period in the prior year, the business posted $2.24 EPS. Eagle Materials’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, sell-side analysts expect that Eagle Materials will post 14.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Eagle Materials

Several large investors have recently bought and sold shares of the business. Barclays PLC lifted its stake in Eagle Materials by 78.1% during the 3rd quarter. Barclays PLC now owns 37,948 shares of the construction company’s stock valued at $10,915,000 after acquiring an additional 16,645 shares during the period. ArrowMark Colorado Holdings LLC purchased a new position in shares of Eagle Materials during the fourth quarter valued at approximately $28,778,000. Proficio Capital Partners LLC bought a new position in Eagle Materials during the fourth quarter valued at approximately $8,890,000. Empowered Funds LLC boosted its holdings in Eagle Materials by 242.4% in the fourth quarter. Empowered Funds LLC now owns 7,789 shares of the construction company’s stock worth $1,922,000 after purchasing an additional 5,514 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Eagle Materials by 60.3% in the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company’s stock worth $499,111,000 after purchasing an additional 652,836 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

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.