Eagle Materials (NYSE:EXP) Price Target Cut to $237.00 by Analysts at Loop Capital

Eagle Materials (NYSE:EXP - Get Free Report) had its price objective reduced by Loop Capital from $245.00 to $237.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a "hold" rating on the construction company's stock. Loop Capital's target price would indicate a potential upside of 8.53% from the company's current price.

A number of other brokerages also recently issued reports on EXP. Stifel Nicolaus initiated coverage on shares of Eagle Materials in a research report on Tuesday, March 4th. They issued a "hold" rating and a $242.00 price target on the stock. Truist Financial lowered their price target 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. DA Davidson dropped their target price on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Stephens restated an "overweight" rating and set a $310.00 price target on shares of Eagle Materials in a research report on Thursday, January 30th. Finally, 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. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $273.60.

Eagle Materials Price Performance

Shares of Eagle Materials stock traded down $2.32 during trading on Wednesday, reaching $218.37. 89,011 shares of the company's stock were exchanged, compared to its average volume of 375,417. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. The company has a market cap of $7.27 billion, a P/E ratio of 15.63 and a beta of 1.36. Eagle Materials has a 1-year low of $201.61 and a 1-year high of $321.93. The firm's 50-day moving average price is $223.77 and its 200 day moving average price is $248.74.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $470.18 million during the quarter, compared to the consensus estimate of $483.14 million. Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. The firm's revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.24 earnings per share. As a group, research analysts anticipate that Eagle Materials will post 14.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. SVB Wealth LLC purchased a new stake in shares of Eagle Materials during the 1st quarter valued at $41,000. Private Trust Co. NA lifted its stake in Eagle Materials by 53.0% during the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock worth $51,000 after purchasing an additional 71 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Eagle Materials by 26.8% in the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock worth $55,000 after purchasing an additional 52 shares in the last quarter. Huntington National Bank increased its position in shares of Eagle Materials by 154.8% during the 4th quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after purchasing an additional 144 shares during the last quarter. Finally, R Squared Ltd bought a new stake in Eagle Materials in the 4th quarter worth approximately $81,000. 96.07% of the stock is currently owned by institutional investors.

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.

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