Eagle Materials (NYSE:EXP) Given a $255.00 Price Target by Stephens Analysts

Eagle Materials (NYSE:EXP - Get Free Report) received a $255.00 price target from investment analysts at Stephens in a note issued to investors on Thursday, MarketBeat.com reports. The brokerage presently has an "overweight" rating on the construction company's stock. Stephens' price target would indicate a potential upside of 19.15% from the stock's current price.

A number of other research firms also recently weighed in on EXP. Truist Financial decreased their price target on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Loop Capital cut their price objective on Eagle Materials from $245.00 to $237.00 and set a "hold" rating for the company in a report on Wednesday. DA Davidson cut their price objective on Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. JPMorgan Chase & Co. cut their price objective on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Finally, Stifel Nicolaus cut their price objective on Eagle Materials from $242.00 to $241.00 and set a "hold" rating for the company in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Eagle Materials presently has an average rating of "Hold" and an average price target of $260.50.

Eagle Materials Stock Down 0.3%

EXP opened at $214.01 on Thursday. Eagle Materials has a fifty-two week low of $201.61 and a fifty-two week high of $321.93. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The firm's fifty day moving average price is $223.74 and its two-hundred day moving average price is $247.99. The company has a market capitalization of $7.12 billion, a P/E ratio of 15.29 and a beta of 1.36.

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

Institutional Investors Weigh In On Eagle Materials

Several institutional investors have recently bought and sold shares of the company. Focus Partners Wealth lifted its stake in Eagle Materials by 21.5% in the 1st quarter. Focus Partners Wealth now owns 2,019 shares of the construction company's stock valued at $448,000 after acquiring an additional 357 shares in the last quarter. United Services Automobile Association bought a new stake in Eagle Materials in the 1st quarter valued at approximately $481,000. Arete Wealth Advisors LLC bought a new stake in Eagle Materials in the 1st quarter valued at approximately $492,000. First Dallas Securities Inc. lifted its stake in Eagle Materials by 1.7% in the 1st quarter. First Dallas Securities Inc. now owns 15,451 shares of the construction company's stock valued at $3,429,000 after acquiring an additional 251 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its stake in Eagle Materials by 36.1% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 2,852 shares of the construction company's stock valued at $634,000 after acquiring an additional 756 shares in the last quarter. 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.