Eagle Materials (NYSE:EXP) Now Covered by Analysts at Stifel Nicolaus

Research analysts at Stifel Nicolaus assumed coverage on shares of Eagle Materials (NYSE:EXP) in a note issued to investors on Tuesday. The firm set a “hold” rating and a $242.00 price target on the construction company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 10.82% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. Truist Financial upped their price target on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on Eagle Materials from $290.00 to $310.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Loop Capital lowered Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target for the company. in a research report on Monday, November 25th. Stephens reissued an “overweight” rating and issued a $310.00 price target on shares of Eagle Materials in a research note on Thursday, January 30th. Finally, Citigroup lowered shares of Eagle Materials from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $334.00 to $280.00 in a research note on Monday, January 6th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Eagle Materials presently has a consensus rating of “Hold” and an average target price of $292.40.

Eagle Materials Price Performance

NYSE:EXP opened at $218.37 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average price is $246.96 and its 200 day moving average price is $269.93. Eagle Materials has a 52-week low of $211.44 and a 52-week high of $321.93. The firm has a market cap of $7.27 billion, a P/E ratio of 15.60 and a beta of 1.37.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.97 by ($0.38). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. As a group, sell-side analysts predict that Eagle Materials will post 14.39 earnings per share for the current fiscal year.

Insider Activity at Eagle Materials

In other news, Director Michael R. Nicolais bought 310 shares of the stock in a transaction on Monday, February 10th. The shares were purchased at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the purchase, the director now directly owns 3,655 shares of the company’s stock, valued at $940,650.80. This trade represents a 9.27 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Eagle Materials

Several institutional investors have recently made changes to their positions in the company. Private Trust Co. NA raised its position in Eagle Materials by 53.0% during the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock valued at $51,000 after acquiring an additional 71 shares in the last quarter. Huntington National Bank raised its holdings in shares of Eagle Materials by 154.8% during the 4th quarter. Huntington National Bank now owns 237 shares of the construction company’s stock valued at $58,000 after purchasing an additional 144 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Eagle Materials in the 3rd quarter valued at $64,000. R Squared Ltd bought a new stake in Eagle Materials in the fourth quarter worth $81,000. Finally, LGT Financial Advisors LLC boosted its holdings in Eagle Materials by 233.1% in the fourth quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company’s stock worth $109,000 after purchasing an additional 310 shares in the last quarter. 96.07% of the stock is currently 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.