Stifel Nicolaus Boosts Eagle Materials (NYSE:EXP) Price Target to $300.00

Eagle Materials (NYSE:EXP - Get Free Report) had its target price lifted by Stifel Nicolaus from $250.00 to $300.00 in a report released on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the construction company's stock. Stifel Nicolaus' price objective would suggest a potential upside of 19.99% from the company's previous close.

Other equities analysts have also issued research reports about the stock. The Goldman Sachs Group raised their price objective on shares of Eagle Materials from $215.00 to $238.00 and gave the company a "buy" rating in a research report on Friday, January 26th. JPMorgan Chase & Co. increased their price target on Eagle Materials from $200.00 to $265.00 and gave the company a "neutral" rating in a report on Friday, March 22nd. Raymond James increased their target price on Eagle Materials from $170.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, January 29th. Truist Financial raised their price target on Eagle Materials from $290.00 to $320.00 and gave the company a "buy" rating in a report on Tuesday, April 2nd. Finally, Loop Capital upgraded Eagle Materials from a "hold" rating to a "buy" rating and raised their target price for the stock from $170.00 to $240.00 in a report on Monday, January 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Eagle Materials has a consensus rating of "Moderate Buy" and a consensus target price of $253.50.

Eagle Materials Stock Performance

EXP traded down $4.88 during trading hours on Monday, hitting $250.02. The company's stock had a trading volume of 302,496 shares, compared to its average volume of 296,928. Eagle Materials has a fifty-two week low of $142.12 and a fifty-two week high of $272.72. The company has a 50-day simple moving average of $254.82 and a 200 day simple moving average of $210.04. The company has a current ratio of 2.61, a quick ratio of 1.13 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $8.61 billion, a PE ratio of 17.64 and a beta of 1.34.

Eagle Materials (NYSE:EXP - Get Free Report) last released its 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. The firm had revenue of $558.83 million for the quarter, compared to analysts' expectations of $537.23 million. Eagle Materials had a net margin of 22.24% and a return on equity of 40.05%. As a group, sell-side analysts expect that Eagle Materials will post 14.29 EPS for the current year.

Insiders Place Their Bets

In related news, insider Eric Cribbs sold 2,000 shares of the company's stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $214.66, for a total value of $429,320.00. Following the transaction, the insider now directly owns 15,654 shares of the company's stock, valued at approximately $3,360,287.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Eric Cribbs sold 2,000 shares of the business's stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $214.66, for a total value of $429,320.00. Following the transaction, the insider now directly owns 15,654 shares in the company, valued at $3,360,287.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William R. Devlin sold 2,354 shares of the firm's stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $214.95, for a total value of $505,992.30. Following the transaction, the senior vice president now owns 24,998 shares of the company's stock, valued at approximately $5,373,320.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,444 shares of company stock valued at $4,414,889. Insiders own 1.70% of the company's stock.

Institutional Trading of Eagle Materials

A number of large investors have recently made changes to their positions in EXP. Vanguard Group Inc. increased its holdings in Eagle Materials by 3.0% during the third quarter. Vanguard Group Inc. now owns 3,841,414 shares of the construction company's stock valued at $411,723,000 after buying an additional 110,695 shares during the period. FMR LLC increased its position in shares of Eagle Materials by 41.0% in the 3rd quarter. FMR LLC now owns 2,510,906 shares of the construction company's stock valued at $418,116,000 after acquiring an additional 730,454 shares during the period. Invesco Ltd. lifted its position in Eagle Materials by 22.8% during the 3rd quarter. Invesco Ltd. now owns 1,097,542 shares of the construction company's stock worth $182,763,000 after acquiring an additional 203,862 shares during the period. State Street Corp grew its stake in Eagle Materials by 0.3% during the 1st quarter. State Street Corp now owns 1,056,912 shares of the construction company's stock valued at $135,929,000 after purchasing an additional 3,684 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Eagle Materials by 5.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,053,983 shares of the construction company's stock valued at $140,022,000 after buying an additional 58,727 shares during the last quarter. 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.