Eagle Materials (NYSE:EXP) PT Raised to $311.00

Eagle Materials (NYSE:EXP - Get Free Report) had its target price boosted by investment analysts at Citigroup from $244.00 to $311.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. Citigroup's price objective would indicate a potential upside of 16.60% from the stock's previous close.

Several other equities research analysts have also commented on EXP. Loop Capital upgraded shares of Eagle Materials from a "hold" rating to a "buy" rating and boosted their price target for the company from $170.00 to $240.00 in a report on Monday, January 8th. Stifel Nicolaus increased their target price on shares of Eagle Materials from $186.00 to $187.00 and gave the company a "buy" rating in a research report on Tuesday, December 19th. JPMorgan Chase & Co. increased their target price on shares of Eagle Materials from $200.00 to $265.00 and gave the company a "neutral" rating in a research report on Friday, March 22nd. StockNews.com cut shares of Eagle Materials from a "buy" rating to a "hold" rating in a research report on Friday, March 15th. Finally, Truist Financial increased their target price on shares of Eagle Materials from $290.00 to $320.00 and gave the company a "buy" rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $242.20.

Eagle Materials Stock Up 2.6 %

Shares of NYSE:EXP traded up $6.72 during trading hours on Friday, hitting $266.72. The company's stock had a trading volume of 231,754 shares, compared to its average volume of 299,681. Eagle Materials has a 52 week low of $135.17 and a 52 week high of $272.72. 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 company has a market capitalization of $9.19 billion, a price-to-earnings ratio of 18.72 and a beta of 1.34. The firm's fifty day moving average price is $250.65 and its 200 day moving average price is $205.04.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its quarterly earnings results on Thursday, January 25th. The construction company reported $3.72 EPS for the quarter, beating the consensus estimate of $3.56 by $0.16. Eagle Materials had a net margin of 22.24% and a return on equity of 40.05%. The business had revenue of $558.83 million during the quarter, compared to analyst estimates of $537.23 million. As a group, research analysts expect that Eagle Materials will post 14.29 EPS for the current year.

Insiders Place Their Bets

In other Eagle Materials news, EVP Matt Newby sold 2,940 shares of the firm's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $251.15, for a total value 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 transaction was disclosed in a filing with the SEC, which is available at this link. In related news, SVP William R. Devlin sold 2,354 shares of the firm's stock in a transaction on Friday, January 26th. The shares were sold at an average price of $214.95, for a total transaction of $505,992.30. Following the completion of the transaction, the senior vice president now owns 24,998 shares of the company's stock, valued at $5,373,320.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Matt Newby sold 2,940 shares of the firm's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $251.15, for a total transaction of $738,381.00. Following the transaction, the executive vice president now directly owns 21,819 shares of the company's stock, valued at approximately $5,479,841.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,444 shares of company stock valued at $4,414,889. Insiders own 1.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC acquired a new stake in Eagle Materials during the third quarter valued at $25,000. Dark Forest Capital Management LP acquired a new stake in Eagle Materials during the first quarter valued at $26,000. Global Wealth Management Investment Advisory Inc. acquired a new stake in Eagle Materials during the fourth quarter valued at $30,000. Garner Asset Management Corp acquired a new stake in Eagle Materials during the fourth quarter valued at $30,000. Finally, BluePath Capital Management LLC acquired a new stake in Eagle Materials during the third quarter valued at $31,000. Hedge funds and other institutional investors own 96.07% of the company's stock.

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.