Eagle Materials (NYSE:EXP) Price Target Raised to $330.00 at Truist Financial

Eagle Materials (NYSE:EXP) had its target price boosted by Truist Financial from $320.00 to $330.00 in a research report released on Monday morning, Benzinga reports. Truist Financial currently has a buy rating on the construction company’s stock.

A number of other equities research analysts have also weighed in on the stock. Citigroup boosted their price objective on shares of Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. increased their price objective on Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Raymond James downgraded Eagle Materials from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th. Jefferies Financial Group increased their price target on shares of Eagle Materials from $309.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group lifted their price objective on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Eagle Materials currently has a consensus rating of “Moderate Buy” and an average price target of $303.78.

Eagle Materials Stock Up 1.6 %

Eagle Materials stock traded up $4.52 during midday trading on Monday, reaching $292.77. The company’s stock had a trading volume of 29,876 shares, compared to its average volume of 305,468. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. The stock has a market capitalization of $9.82 billion, a P/E ratio of 20.36 and a beta of 1.32. The stock’s 50-day simple moving average is $277.89 and its 200-day simple moving average is $253.34. Eagle Materials has a 52-week low of $163.20 and a 52-week high of $306.36.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.44). The company had revenue of $623.62 million during the quarter, compared to analysts’ expectations of $651.46 million. Eagle Materials had a net margin of 21.32% and a return on equity of 35.79%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $4.28 earnings per share. On average, sell-side analysts expect that Eagle Materials will post 15.45 EPS for the current year.

Insider Activity

In related news, Director George John Damiris sold 1,000 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total transaction of $277,620.00. Following the sale, the director now directly owns 7,943 shares of the company’s stock, valued at approximately $2,205,135.66. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Eagle Materials

A number of large investors have recently bought and sold shares of the business. Central Pacific Bank Trust Division acquired a new position in shares of Eagle Materials during the 1st quarter worth approximately $181,000. Larson Financial Group LLC raised its position in shares of Eagle Materials by 105.5% during the 1st quarter. Larson Financial Group LLC now owns 668 shares of the construction company’s stock worth $182,000 after purchasing an additional 343 shares during the last quarter. Csenge Advisory Group purchased a new position in Eagle Materials in the 1st quarter valued at about $249,000. McClarren Financial Advisors Inc. boosted its holdings in Eagle Materials by 27,100.0% in the 1st quarter. McClarren Financial Advisors Inc. now owns 272 shares of the construction company’s stock worth $74,000 after buying an additional 271 shares during the last quarter. Finally, Gallacher Capital Management LLC purchased a new stake in Eagle Materials during the 1st quarter worth approximately $313,000. 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.