Eagle Materials (NYSE:EXP) Price Target Raised to $310.00

Eagle Materials (NYSE:EXP) had its target price lifted by analysts at JPMorgan Chase & Co. from $290.00 to $310.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the construction company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 1.33% from the stock’s previous close.

Several other analysts also recently issued reports on the company. The Goldman Sachs Group increased their price target on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Truist Financial raised their target price on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 4th. Jefferies Financial Group upped their price target on Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Stephens boosted their target price on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Loop Capital cut shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a research report on Monday. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $307.11.

Eagle Materials Price Performance

EXP stock opened at $305.93 on Wednesday. The stock has a 50-day moving average price of $295.52 and a two-hundred day moving average price of $259.65. The company has a market cap of $10.26 billion, a PE ratio of 21.61 and a beta of 1.32. The company has a current ratio of 2.34, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. Eagle Materials has a 12-month low of $177.67 and a 12-month high of $321.93.

Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The business had revenue of $623.62 million for the quarter, compared to analyst estimates of $651.46 million. During the same period last year, the company posted $4.28 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, research analysts predict that Eagle Materials will post 15.24 EPS for the current year.

Insider Buying and Selling

In other Eagle Materials news, CEO Michael Haack sold 11,888 shares of Eagle Materials stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $310.50, for a total value of $3,691,224.00. Following the completion of the transaction, the chief executive officer now directly owns 85,811 shares in the company, valued at $26,644,315.50. The trade was a 12.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director George John Damiris sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the sale, the director now owns 7,943 shares in the company, valued at $2,205,135.66. The trade was a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,866 shares of company stock worth $5,482,931 over the last ninety days. 1.60% of the stock is owned by insiders.

Institutional Trading of Eagle Materials

A number of large investors have recently modified their holdings of the company. Bessemer Group Inc. boosted its stake in Eagle Materials by 132.7% during the 1st quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after purchasing an additional 65 shares during the period. Acadian Asset Management LLC bought a new position in Eagle Materials in the 1st quarter worth approximately $42,000. McClarren Financial Advisors Inc. increased its position in Eagle Materials by 10,750.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock valued at $47,000 after acquiring an additional 215 shares during the period. Capital Performance Advisors LLP bought a new stake in Eagle Materials during the 3rd quarter valued at $64,000. Finally, GAMMA Investing LLC boosted its position in Eagle Materials by 23.3% during the 2nd quarter. GAMMA Investing LLC now owns 471 shares of the construction company’s stock worth $102,000 after acquiring an additional 89 shares during the period. Institutional investors and hedge funds 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.