Eagle Materials (NYSE:EXP) Price Target Lowered to $245.00 at Loop Capital

Eagle Materials (NYSE:EXP) had its price target dropped by Loop Capital from $280.00 to $245.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “hold” rating on the construction company’s stock. Loop Capital’s price objective points to a potential upside of 8.82% from the stock’s current price.

Several other brokerages also recently weighed in on EXP. JPMorgan Chase & Co. lowered their target price on shares of Eagle Materials from $310.00 to $250.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Citigroup cut Eagle Materials from a “buy” rating to a “neutral” rating and decreased their price target for the company from $334.00 to $280.00 in a research note on Monday, January 6th. Stifel Nicolaus initiated coverage on Eagle Materials in a research note on Tuesday, March 4th. They set a “hold” rating and a $242.00 price target on the stock. Jefferies Financial Group lowered shares of Eagle Materials from a “buy” rating to a “hold” rating and cut their price target for the company from $330.00 to $310.00 in a research note on Monday, December 16th. Finally, DA Davidson dropped their price objective on shares of Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $279.40.

Eagle Materials Stock Up 1.4 %

Shares of EXP traded up $3.22 during midday trading on Tuesday, reaching $225.15. 60,451 shares of the stock were exchanged, compared to its average volume of 317,542. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. The company’s 50 day moving average is $235.73 and its two-hundred day moving average is $265.19. The company has a market capitalization of $7.49 billion, a P/E ratio of 16.08 and a beta of 1.37. Eagle Materials has a 52 week low of $205.44 and a 52 week high of $321.93.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Wednesday, January 29th. The construction company reported $3.59 earnings per share 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 34.14%. On average, sell-side analysts anticipate that Eagle Materials will post 14.39 earnings per share for the current year.

Insider Activity

In other Eagle Materials news, Director Michael R. Nicolais acquired 310 shares of the business’s stock in a transaction on Monday, February 10th. The stock was bought at an average price of $257.36 per share, for a total transaction of $79,781.60. Following the acquisition, the director now owns 3,655 shares in the company, valued at approximately $940,650.80. The trade was a 9.27 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Eagle Materials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EXP. Private Trust Co. NA boosted its position in shares of Eagle Materials by 53.0% during the 4th 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 during the last quarter. Huntington National Bank grew its stake in shares of Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company’s stock valued at $58,000 after buying an additional 144 shares during the period. R Squared Ltd acquired a new stake in shares of Eagle Materials during the 4th quarter worth approximately $81,000. LGT Financial Advisors LLC lifted 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 valued at $109,000 after acquiring an additional 310 shares during the last quarter. Finally, Transce3nd LLC purchased a new position in Eagle Materials in the fourth quarter worth approximately $125,000. 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.