Stephens Reiterates $255.00 Price Target for Eagle Materials (NYSE:EXP)

Eagle Materials (NYSE:EXP) has been assigned a $255.00 price objective by Stephens in a note issued to investors on Thursday, Marketbeat.com reports. The brokerage currently has an “overweight” rating on the construction company’s stock. Stephens’ target price suggests a potential upside of 18.73% from the stock’s previous close.

Other analysts have also issued research reports about the company. Stifel Nicolaus set a $241.00 target price on Eagle Materials and gave the company a “hold” rating in a report on Wednesday. DA Davidson reduced their target price 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. reduced their target price on Eagle Materials from $310.00 to $250.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Loop Capital reduced their target price on Eagle Materials from $245.00 to $237.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Truist Financial reduced their target price on Eagle Materials from $330.00 to $280.00 and set a “buy” rating for the company in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $260.00.

Eagle Materials Price Performance

Shares of NYSE:EXP opened at $214.77 on Thursday. Eagle Materials has a one year low of $201.61 and a one year high of $321.93. The stock has a fifty day moving average of $223.74 and a 200-day moving average of $247.44. The company has a market capitalization of $7.15 billion, a PE ratio of 15.34 and a beta of 1.36. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data 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 company had revenue of $470.18 million for the quarter, compared to analyst estimates of $483.14 million. Eagle Materials had a net margin of 20.91% and a return on equity of 34.14%. Eagle Materials’s revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company posted $2.24 EPS. As a group, equities analysts anticipate that Eagle Materials will post 14.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Eagle Materials

A number of hedge funds have recently modified their holdings of the stock. Focus Partners Wealth increased its stake in shares of Eagle Materials by 21.5% in the first quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock worth $448,000 after acquiring an additional 357 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Eagle Materials in the first quarter worth $481,000. Arete Wealth Advisors LLC acquired a new position in shares of Eagle Materials in the first quarter worth $492,000. First Dallas Securities Inc. increased its stake in shares of Eagle Materials by 1.7% in the first quarter. First Dallas Securities Inc. now owns 15,451 shares of the construction company’s stock worth $3,429,000 after acquiring an additional 251 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its stake in shares of Eagle Materials by 36.1% in the first quarter. Ashton Thomas Private Wealth LLC now owns 2,852 shares of the construction company’s stock worth $634,000 after acquiring an additional 756 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

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, 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.