Stifel Nicolaus Increases Eagle Materials (NYSE:EXP) Price Target to $300.00

Eagle Materials (NYSE:EXP) had its price objective lifted by equities researchers at Stifel Nicolaus from $250.00 to $300.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 20.54% from the company’s current price.

Other equities research analysts have also issued reports about the stock. StockNews.com lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price target on Eagle Materials from $200.00 to $265.00 and gave the stock a “neutral” rating in a report on Friday, March 22nd. The Goldman Sachs Group increased their price objective on Eagle Materials from $215.00 to $238.00 and gave the company a “buy” rating in a report on Friday, January 26th. Citigroup raised their target price on Eagle Materials from $244.00 to $311.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Loop Capital raised Eagle Materials from a “hold” rating to a “buy” rating and upped their price target for the company from $170.00 to $240.00 in a report on Monday, January 8th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.00.

Eagle Materials Stock Down 0.4 %

Shares of NYSE EXP opened at $248.89 on Monday. The stock has a market cap of $8.57 billion, a P/E ratio of 17.56 and a beta of 1.34. The business’s fifty day simple moving average is $255.08 and its 200-day simple moving average is $210.62. Eagle Materials has a 12-month low of $142.12 and a 12-month high of $272.72. The company has a current ratio of 2.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, January 25th. The construction company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.56 by $0.16. The company had revenue of $558.83 million for the quarter, compared to the consensus estimate of $537.23 million. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. As a group, equities analysts predict that Eagle Materials will post 14.29 EPS for the current fiscal year.

Insider Buying and Selling at Eagle Materials

In other news, EVP Matt Newby sold 2,940 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $251.15, for a total transaction of $738,381.00. Following the transaction, the executive vice president now directly owns 21,819 shares of the company’s stock, valued at approximately $5,479,841.85. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Matt Newby sold 2,940 shares of Eagle Materials stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $251.15, for a total transaction of $738,381.00. Following the completion of the sale, the executive vice president now directly owns 21,819 shares in the company, valued at approximately $5,479,841.85. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David B. Powers sold 3,347 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $240.52, for a total value of $805,020.44. Following the sale, the director now directly owns 655 shares in the company, valued at approximately $157,540.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,444 shares of company stock valued at $4,414,889. 1.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Eagle Materials

Several institutional investors and hedge funds have recently made changes to their positions in the business. Rise Advisors LLC purchased a new stake in shares of Eagle Materials in the first quarter valued at about $27,000. Tompkins Financial Corp acquired a new position in shares of Eagle Materials during the 1st quarter worth approximately $27,000. Global Wealth Management Investment Advisory Inc. purchased a new stake in Eagle Materials in the 4th quarter valued at approximately $30,000. Larson Financial Group LLC acquired a new stake in Eagle Materials during the 3rd quarter valued at $25,000. Finally, Garner Asset Management Corp acquired a new stake in Eagle Materials during the 4th quarter valued at $30,000. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

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; 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.