DA Davidson Issues Pessimistic Forecast for Eagle Materials (NYSE:EXP) Stock Price

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 research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the construction company's stock. DA Davidson's target price points to a potential upside of 15.06% from the stock's previous close.

Other equities research analysts also recently issued research reports about the company. Truist Financial decreased their target price on Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group set a $242.00 target price on Eagle Materials and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Loop Capital decreased their target price on Eagle Materials from $245.00 to $237.00 and set a "hold" rating for the company in a research report on Wednesday, May 21st. JPMorgan Chase & Co. decreased their target price on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Finally, Stephens set a $255.00 price target on Eagle Materials and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Eagle Materials has a consensus rating of "Hold" and a consensus target price of $260.00.

Eagle Materials Price Performance

Shares of NYSE EXP traded down $1.45 during trading on Friday, reaching $212.93. The company had a trading volume of 11,383 shares, compared to its average volume of 336,540. Eagle Materials has a twelve month low of $201.61 and a twelve month high of $321.93. The stock has a market capitalization of $6.96 billion, a PE ratio of 15.27 and a beta of 1.36. The stock has a 50-day moving average price of $223.66 and a two-hundred day moving average price of $245.85. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 EPS for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). The business had revenue of $470.18 million during the quarter, compared to analysts' expectations of $483.14 million. Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. Eagle Materials's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.24 EPS. As a group, sell-side analysts predict that Eagle Materials will post 14.39 earnings per share for the current year.

Hedge Funds Weigh In On Eagle Materials

Large investors have recently added to or reduced their stakes in the company. SVB Wealth LLC bought a new position in Eagle Materials during the first quarter worth about $41,000. Private Trust Co. NA increased its stake in Eagle Materials by 53.0% in the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after acquiring an additional 71 shares during the last quarter. Huntington National Bank increased its stake in Eagle Materials by 154.8% in the fourth quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after acquiring an additional 144 shares during the last quarter. Parallel Advisors LLC increased its stake in Eagle Materials by 26.8% in the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after acquiring an additional 52 shares during the last quarter. Finally, R Squared Ltd bought a new position in Eagle Materials in the fourth quarter valued at approximately $81,000. 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.