Eagle Materials Inc. (NYSE:EXP) Given Consensus Rating of "Hold" by Analysts

Eagle Materials Inc. (NYSE:EXP - Get Free Report) has received a consensus recommendation of "Hold" from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $268.00.

Several equities analysts have recently commented on the stock. Stephens lowered their price objective on shares of Eagle Materials from $275.00 to $255.00 and set an "overweight" rating for the company in a research note on Thursday. Truist Financial cut their price objective on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. DA Davidson decreased their target price on Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Stifel Nicolaus dropped their price target on Eagle Materials from $242.00 to $241.00 and set a "hold" rating for the company in a research note on Wednesday. Finally, Loop Capital cut their price target on shares of Eagle Materials from $245.00 to $237.00 and set a "hold" rating on the stock in a report on Wednesday.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. SVB Wealth LLC bought a new position in shares of Eagle Materials during the first quarter valued at approximately $41,000. Private Trust Co. NA increased its position in Eagle Materials by 53.0% during the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after buying an additional 71 shares in the last quarter. Parallel Advisors LLC raised its stake in Eagle Materials by 26.8% during the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after buying an additional 52 shares during the last quarter. Huntington National Bank boosted its holdings in Eagle Materials by 154.8% in the fourth quarter. Huntington National Bank now owns 237 shares of the construction company's stock worth $58,000 after acquiring an additional 144 shares in the last quarter. Finally, R Squared Ltd bought a new stake in Eagle Materials in the fourth quarter worth $81,000. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Trading Down 0.3%

Shares of EXP stock opened at $214.01 on Friday. The business has a 50-day moving average of $223.74 and a 200 day moving average of $247.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. Eagle Materials has a 1-year low of $201.61 and a 1-year high of $321.93. The stock has a market capitalization of $7.12 billion, a PE ratio of 15.29 and a beta of 1.36.

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 the consensus estimate of $2.34 by ($0.26). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. The firm had revenue of $470.18 million during the quarter, compared to the consensus estimate of $483.14 million. During the same quarter in the prior year, the business posted $2.24 EPS. The firm's revenue for the quarter was down 1.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Eagle Materials will post 14.39 earnings per share for the current year.

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.

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