Eagle Materials (NYSE:EXP) Price Target Lowered to $245.00 at DA Davidson

Eagle Materials (NYSE:EXP - Get Free Report) had its price objective lowered by investment analysts at DA Davidson from $260.00 to $245.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the construction company's stock. DA Davidson's target price indicates a potential upside of 20.40% from the stock's previous close.

A number of other analysts have also recently weighed in on EXP. Stifel Nicolaus set a $241.00 target price on shares of Eagle Materials and gave the stock a "hold" rating in a report on Wednesday, May 21st. The Goldman Sachs Group set a $242.00 price target on Eagle Materials and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Stephens set a $255.00 price objective on Eagle Materials and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Loop Capital dropped their target price on Eagle Materials from $245.00 to $237.00 and set a "hold" rating on the stock in a research report on Wednesday, May 21st. Finally, Truist Financial reduced their price target on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Eagle Materials has a consensus rating of "Hold" and an average price target of $254.44.

Eagle Materials Stock Down 6.7%

Shares of Eagle Materials stock traded down $14.55 on Friday, hitting $203.49. 649,975 shares of the company's stock traded hands, compared to its average volume of 339,655. Eagle Materials has a 52-week low of $201.61 and a 52-week high of $321.93. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The stock has a market cap of $6.65 billion, a P/E ratio of 14.54 and a beta of 1.36. The firm's 50-day moving average is $223.68 and its 200 day moving average is $245.65.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its earnings results on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). The company had revenue of $470.18 million during the quarter, compared to analyst estimates of $483.14 million. Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. The business's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.24 EPS. Equities analysts anticipate that Eagle Materials will post 14.39 earnings per share for the current year.

Hedge Funds Weigh In On Eagle Materials

Hedge funds have recently made changes to their positions in the business. Strs Ohio acquired a new position in shares of Eagle Materials in the 1st quarter worth $1,071,000. Focus Partners Wealth boosted its holdings in shares of Eagle Materials by 21.5% in the first quarter. Focus Partners Wealth now owns 2,019 shares of the construction company's stock worth $448,000 after buying an additional 357 shares during the period. United Services Automobile Association acquired a new stake in shares of Eagle Materials during the first quarter valued at approximately $481,000. Arete Wealth Advisors LLC purchased a new position in Eagle Materials during the 1st quarter worth approximately $492,000. Finally, First Dallas Securities Inc. raised its stake in Eagle Materials by 1.7% during the 1st quarter. First Dallas Securities Inc. now owns 15,451 shares of the construction company's stock valued at $3,429,000 after purchasing an additional 251 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.