Eagle Materials (NYSE:EXP) Hits New 1-Year High at $275.20

Eagle Materials Inc. (NYSE:EXP - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $275.20 and last traded at $273.39, with a volume of 22725 shares changing hands. The stock had previously closed at $268.70.

Analyst Upgrades and Downgrades

EXP has been the topic of a number of research analyst reports. Truist Financial boosted their target price on shares of Eagle Materials from $290.00 to $320.00 and gave the company a "buy" rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. upped their price target on Eagle Materials from $200.00 to $265.00 and gave the company a "neutral" rating in a research report on Friday, March 22nd. Stephens lifted their price objective on Eagle Materials from $250.00 to $295.00 and gave the stock an "overweight" rating in a report on Wednesday, April 24th. Citigroup upped their price objective on shares of Eagle Materials from $244.00 to $311.00 and gave the company a "buy" rating in a report on Friday, April 5th. Finally, Raymond James lifted their target price on shares of Eagle Materials from $170.00 to $230.00 and gave the stock an "outperform" rating in a research note on Monday, January 29th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $263.50.

Eagle Materials Stock Performance

The business's fifty day moving average price is $258.70 and its 200-day moving average price is $224.05. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.61 and a quick ratio of 1.13. The stock has a market capitalization of $9.43 billion, a PE ratio of 18.96 and a beta of 1.35.

Insiders Place Their Bets

In other news, EVP Matt Newby sold 2,940 shares of the business's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $251.15, for a total transaction of $738,381.00. Following the completion of the transaction, the executive vice president now owns 21,819 shares of the company's stock, valued at $5,479,841.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.70% of the company's stock.

Hedge Funds Weigh In On Eagle Materials

Large investors have recently modified their holdings of the company. Larson Financial Group LLC bought a new position in Eagle Materials during the third quarter valued at approximately $25,000. Eagle Bay Advisors LLC grew its holdings in shares of Eagle Materials by 79.2% during the 1st quarter. Eagle Bay Advisors LLC now owns 95 shares of the construction company's stock valued at $26,000 after purchasing an additional 42 shares during the last quarter. YHB Investment Advisors Inc. purchased a new position in Eagle Materials in the 1st quarter worth $27,000. Tompkins Financial Corp bought a new stake in Eagle Materials in the first quarter worth $27,000. Finally, Rise Advisors LLC bought a new stake in Eagle Materials in the first quarter worth $27,000. 96.07% of the stock is owned by hedge funds and other institutional investors.

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; 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.