Eagle Materials (NYSE:EXP) Given New $305.00 Price Target at Loop Capital

Eagle Materials (NYSE:EXP) had its price target decreased by Loop Capital from $310.00 to $305.00 in a report released on Wednesday, Benzinga reports. Loop Capital currently has a buy rating on the construction company’s stock.

A number of other equities analysts also recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Eagle Materials from $200.00 to $265.00 and gave the stock a neutral rating in a research report on Friday, March 22nd. Stifel Nicolaus reduced their target price on Eagle Materials from $300.00 to $286.00 and set a buy rating on the stock in a research report on Wednesday. Raymond James lifted their target price on Eagle Materials from $170.00 to $230.00 and gave the company an outperform rating in a research report on Monday, January 29th. Citigroup lifted their target price on Eagle Materials from $244.00 to $311.00 and gave the company a buy rating in a research report on Friday, April 5th. Finally, Truist Financial lifted their target price on Eagle Materials from $290.00 to $320.00 and gave the company a buy rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $279.00.

Eagle Materials Stock Down 1.4 %

Shares of EXP opened at $238.80 on Wednesday. The firm has a market cap of $8.23 billion, a P/E ratio of 16.85 and a beta of 1.35. The stock’s 50 day moving average is $258.66 and its two-hundred day moving average is $227.62. Eagle Materials has a 12 month low of $145.03 and a 12 month high of $276.61. 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 released its earnings results on Tuesday, May 21st. The construction company reported $2.24 earnings per share for the quarter, missing the consensus estimate of $2.72 by ($0.48). Eagle Materials had a net margin of 22.24% and a return on equity of 40.05%. The firm had revenue of $476.70 million during the quarter, compared to analysts’ expectations of $480.20 million. During the same quarter last year, the business earned $2.79 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. Analysts predict that Eagle Materials will post 14.23 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Matt Newby sold 2,940 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $251.15, for a total transaction of $738,381.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.70% of the company’s stock.

Institutional Trading of Eagle Materials

A number of large investors have recently made changes to their positions in the company. Fifth Third Bancorp boosted its position in shares of Eagle Materials by 9.3% in the 1st quarter. Fifth Third Bancorp now owns 494 shares of the construction company’s stock valued at $134,000 after purchasing an additional 42 shares during the period. Eagle Bay Advisors LLC boosted its position in shares of Eagle Materials by 79.2% in the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company’s stock valued at $26,000 after purchasing an additional 42 shares during the period. Wealthcare Advisory Partners LLC boosted its position in shares of Eagle Materials by 3.7% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 1,277 shares of the construction company’s stock valued at $347,000 after purchasing an additional 45 shares during the period. Meritage Portfolio Management boosted its position in shares of Eagle Materials by 2.1% in the 4th quarter. Meritage Portfolio Management now owns 2,259 shares of the construction company’s stock valued at $458,000 after purchasing an additional 47 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Eagle Materials by 16.5% in the 1st quarter. GAMMA Investing LLC now owns 382 shares of the construction company’s stock valued at $104,000 after purchasing an additional 54 shares during the period. 96.07% of the stock is owned by institutional investors and hedge funds.

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; 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.