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

Eagle Materials (NYSE:EXP)‘s stock had its “overweight” rating reiterated by equities research analysts at Stephens in a report released on Thursday,Benzinga reports. They currently have a $310.00 price objective on the construction company’s stock. Stephens’ price target indicates a potential upside of 20.81% from the company’s current price.

Several other equities analysts have also recently weighed in on EXP. Citigroup cut Eagle Materials from a “buy” rating to a “neutral” rating and cut their price target for the company from $334.00 to $280.00 in a report on Monday, January 6th. The Goldman Sachs Group raised 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 price target on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. raised their price target on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Finally, Jefferies Financial Group cut Eagle Materials from a “buy” rating to a “hold” rating and cut their price target for the company from $330.00 to $310.00 in a report on Monday, December 16th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $296.80.

Eagle Materials Stock Down 1.1 %

Shares of EXP opened at $256.60 on Thursday. The business’s 50 day moving average is $264.79 and its 200 day moving average is $269.85. The company has a market capitalization of $8.61 billion, a PE ratio of 18.33 and a beta of 1.37. Eagle Materials has a 12-month low of $211.44 and a 12-month high of $321.93. 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 (NYSE:EXP) last issued its earnings results on Wednesday, January 29th. The construction company reported $3.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a net margin of 20.91% and a return on equity of 34.97%. Research analysts expect that Eagle Materials will post 15.11 earnings per share for the current fiscal year.

Insider Transactions at Eagle Materials

In related news, Director Richard Ross Stewart sold 3,577 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the completion of the transaction, the director now owns 1,100 shares in the company, valued at $330,330. The trade was a 76.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Haack sold 11,888 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value of $3,691,224.00. Following the transaction, the chief executive officer now owns 85,811 shares of the company’s stock, valued at approximately $26,644,315.50. The trade was a 12.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,866 shares of company stock worth $5,205,311. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Eagle Materials

A number of large investors have recently bought and sold shares of the business. Venturi Wealth Management LLC bought a new stake in Eagle Materials during the 4th quarter valued at $170,000. Truist Financial Corp raised its position in Eagle Materials by 1.1% during the 4th quarter. Truist Financial Corp now owns 19,610 shares of the construction company’s stock valued at $4,839,000 after purchasing an additional 219 shares in the last quarter. CIBC Asset Management Inc raised its position in Eagle Materials by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,086 shares of the construction company’s stock valued at $268,000 after purchasing an additional 54 shares in the last quarter. Monument Capital Management raised its position in Eagle Materials by 1.2% during the 4th quarter. Monument Capital Management now owns 12,083 shares of the construction company’s stock valued at $2,982,000 after purchasing an additional 141 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its position in Eagle Materials by 2.7% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 4,941 shares of the construction company’s stock valued at $1,219,000 after purchasing an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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, 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.