Jefferies Financial Group Increases Eagle Materials (NYSE:EXP) Price Target to $330.00

Eagle Materials (NYSE:EXP) had its price objective raised by analysts at Jefferies Financial Group from $309.00 to $330.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Jefferies Financial Group’s target price indicates a potential upside of 14.12% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Raymond James downgraded shares of Eagle Materials from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Stephens lifted their price target on shares of Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Citigroup lifted their price target on shares of Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.78.

Eagle Materials Stock Performance

Shares of EXP stock opened at $289.16 on Wednesday. The company has a market cap of $9.79 billion, a price-to-earnings ratio of 21.23 and a beta of 1.32. Eagle Materials has a 52 week low of $145.03 and a 52 week high of $295.34. The company has a quick ratio of 1.17, a current ratio of 2.45 and a debt-to-equity ratio of 0.81. The firm has a 50 day moving average of $263.77 and a 200-day moving average of $250.06.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $3.94 EPS for the quarter, topping the consensus estimate of $3.57 by $0.37. The company had revenue of $608.69 million during the quarter, compared to the consensus estimate of $622.06 million. Eagle Materials had a net margin of 21.65% and a return on equity of 37.10%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $3.55 EPS. On average, equities analysts forecast that Eagle Materials will post 15.9 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Eric Cribbs sold 1,851 shares of Eagle Materials stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $277.06, for a total transaction of $512,838.06. Following the sale, the insider now directly owns 13,937 shares in the company, valued at $3,861,385.22. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director George John Damiris sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total value of $277,620.00. Following the sale, the director now directly owns 7,943 shares in the company, valued at approximately $2,205,135.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Eric Cribbs sold 1,851 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $277.06, for a total value of $512,838.06. Following the completion of the sale, the insider now owns 13,937 shares in the company, valued at $3,861,385.22. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,851 shares of company stock valued at $2,124,258 in the last three months. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Eagle Materials

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Covea Finance raised its stake in Eagle Materials by 12.0% in the 3rd quarter. Covea Finance now owns 11,200 shares of the construction company’s stock valued at $3,222,000 after acquiring an additional 1,200 shares during the period. Asio Capital LLC purchased a new position in Eagle Materials during the 3rd quarter valued at about $2,565,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Eagle Materials by 24.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 10,600 shares of the construction company’s stock valued at $3,050,000 after buying an additional 2,100 shares in the last quarter. UMB Bank n.a. grew its holdings in Eagle Materials by 0.5% during the 3rd quarter. UMB Bank n.a. now owns 15,405 shares of the construction company’s stock valued at $4,431,000 after buying an additional 79 shares in the last quarter. Finally, CWM LLC grew its holdings in Eagle Materials by 11.4% during the 3rd quarter. CWM LLC now owns 1,249 shares of the construction company’s stock valued at $359,000 after buying an additional 128 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors.

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.