DA Davidson Issues Pessimistic Forecast for Eagle Materials (NYSE:EXP) Stock Price

Eagle Materials (NYSE:EXP) had its price objective dropped by equities researchers at DA Davidson from $265.00 to $260.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. DA Davidson’s price target suggests a potential upside of 1.33% from the stock’s current price.

EXP has been the subject of several other reports. Loop Capital cut Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price objective for the company. in a research report on Monday, November 25th. The Goldman Sachs Group upped their price target on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Citigroup cut shares of Eagle Materials from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $334.00 to $280.00 in a report on Monday, January 6th. Jefferies Financial Group downgraded shares of Eagle Materials from a “buy” rating to a “hold” rating and dropped their target price for the company from $330.00 to $310.00 in a research report on Monday, December 16th. Finally, Truist Financial boosted their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Eagle Materials presently has a consensus rating of “Hold” and an average price target of $296.80.

Eagle Materials Stock Down 1.1 %

EXP stock opened at $256.60 on Thursday. The company’s 50 day moving average price is $264.79 and its 200 day moving average price is $269.85. The firm has a market capitalization of $8.61 billion, a price-to-earnings ratio of 18.33 and a beta of 1.37. Eagle Materials has a fifty-two week low of $211.44 and a fifty-two week high of $321.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.38). Eagle Materials had a net margin of 20.91% and a return on equity of 34.97%. On average, equities research analysts anticipate that Eagle Materials will post 15.11 EPS for the current fiscal year.

Insider Transactions at Eagle Materials

In other news, Director Richard Ross Stewart sold 3,577 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the completion of the transaction, the director now directly owns 1,100 shares of the company’s stock, valued at approximately $330,330. This represents a 76.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Tony Thompson sold 1,401 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total value of $439,914.00. Following the transaction, the senior vice president now directly owns 13,212 shares in the company, valued at $4,148,568. This represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,866 shares of company stock worth $5,205,311 over the last 90 days. 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 bought and sold shares of the business. FMR LLC increased its holdings in shares of Eagle Materials by 30.1% in the 3rd quarter. FMR LLC now owns 3,801,257 shares of the construction company’s stock valued at $1,093,432,000 after purchasing an additional 878,400 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Eagle Materials by 60.3% in the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company’s stock valued at $499,111,000 after buying an additional 652,836 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Eagle Materials by 3.5% during the 3rd quarter. Geode Capital Management LLC now owns 707,607 shares of the construction company’s stock valued at $203,585,000 after acquiring an additional 23,911 shares during the period. Baupost Group LLC MA boosted its stake in shares of Eagle Materials by 46.2% during the 3rd quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock worth $143,904,000 after acquiring an additional 158,171 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Eagle Materials by 2.7% in the 3rd quarter. Captrust Financial Advisors now owns 349,756 shares of the construction company’s stock worth $100,607,000 after acquiring an additional 9,216 shares during the period. Institutional investors and hedge funds own 96.07% of the company’s stock.

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.