Stephens Reaffirms “Overweight” Rating for Eagle Materials (NYSE:EXP)

Eagle Materials (NYSE:EXP)‘s stock had its “overweight” rating reaffirmed by stock analysts at Stephens in a research note issued on Thursday,Benzinga reports. They currently have a $310.00 target price on the construction company’s stock. Stephens’ target price would suggest a potential upside of 20.81% from the stock’s previous close.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. upped their target price on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Truist Financial upped their target price on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. The Goldman Sachs Group upped their target price on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Citigroup lowered Eagle Materials from a “buy” rating to a “neutral” rating and reduced their target price for the company from $334.00 to $280.00 in a research report on Monday, January 6th. Finally, Loop Capital lowered Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 target price on the stock. in a research report on Monday, November 25th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $296.80.

Eagle Materials Trading Down 1.1 %

EXP opened at $256.60 on Thursday. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of 18.33 and a beta of 1.37. 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 $211.44 and a 12 month high of $321.93. The stock has a fifty day moving average price of $264.79 and a 200-day moving average price of $269.85.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 EPS for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.97% and a net margin of 20.91%. As a group, equities research analysts anticipate that Eagle Materials will post 15.11 earnings per share for the current fiscal year.

Insider Buying and Selling at Eagle Materials

In other news, CEO Michael Haack sold 11,888 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 85,811 shares in the company, valued at $26,644,315.50. This represents a 12.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tony Thompson sold 1,401 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total value of $439,914.00. Following the completion of the sale, the senior vice president now owns 13,212 shares in the company, valued at $4,148,568. The trade was a 9.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,866 shares of company stock worth $5,205,311. 1.60% of the stock is currently owned by insiders.

Institutional Trading of Eagle Materials

A number of hedge funds have recently modified their holdings of the stock. Venturi Wealth Management LLC purchased a new stake in shares of Eagle Materials in the fourth quarter worth about $170,000. Truist Financial Corp boosted its stake in shares of Eagle Materials by 1.1% in the fourth quarter. Truist Financial Corp now owns 19,610 shares of the construction company’s stock worth $4,839,000 after buying an additional 219 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Eagle Materials by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,086 shares of the construction company’s stock worth $268,000 after purchasing an additional 54 shares during the period. Monument Capital Management raised its holdings in Eagle Materials by 1.2% in the 4th quarter. Monument Capital Management now owns 12,083 shares of the construction company’s stock worth $2,982,000 after purchasing an additional 141 shares during the period. Finally, Nations Financial Group Inc. IA ADV raised its holdings in Eagle Materials by 2.7% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 4,941 shares of the construction company’s stock worth $1,219,000 after purchasing an additional 128 shares during the period. Hedge funds and other institutional investors 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.