Eagle Materials (NYSE:EXP) Price target raised to $146.00

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Eagle Materials (NYSE: EXP – Get a rating) saw its price target raised by Citigroup investment analysts to $146.00 in a research report released on Tuesday, Target Stock Advisor reports. Citigroup’s price target points to a potential upside of 15.14% from the stock’s previous close.

A number of other stock analysts also commented on the stock. Truist Financial cut its price target on Eagle Materials shares from $172.00 to $155.00 and set a “buy” rating for the company in a Monday, May 23 research report. StockNews.com upgraded Eagle Materials shares from a “hold” rating to a “buy” rating in a Friday, July 29 research report. Goldman Sachs Group lowered its price target on Eagle Materials from $190.00 to $162.00 and set a “buy” rating on the stock in a research report on Friday, May 20. JPMorgan Chase & Co. downgraded Eagle Materials from an “overweight” rating to a “neutral” rating and lowered its price target for the company from $165.00 to $130.00 in a Wednesday 20 research note. July. Finally, DA Davidson reduced its price target on Eagle Materials from $160.00 to $145.00 and set a “neutral” rating on the stock in a Friday, May 20 research note. Five equity research analysts gave the stock a hold rating and eight gave the stock a buy rating. According to data from MarketBeat.com, Eagle Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.09.

Eagle Materials Stock Performance

A d UNKNOWN

New quadrillion pattern $2.2 is about to open

Massive opportunities for investors

Eagle Materials stock traded at $1.96 during Tuesday’s trading, hitting $126.80. The stock recorded trading volume of 3,595 shares, compared to an average trading volume of 287,245 shares. The company has a quick ratio of 1.37, a current ratio of 2.39 and a leverage ratio of 1.00. The stock has a market capitalization of $4.78 billion, a price-earnings ratio of 13.13 and a beta of 1.29. Eagle Materials has a 1-year low of $105.34 and a 1-year high of $169.15. The stock’s 50-day moving average is $119.36 and its two-hundred-day moving average is $127.16.

Eagle Materials (NYSE: EXP – Get a rating) last announced its quarterly results on Thursday, May 19. The construction company reported earnings per share of $1.90 for the quarter, beating the consensus estimate of $1.74 by $0.16. Eagle Materials had a return on equity of 33.25% and a net margin of 19.72%. The company posted revenue of $413.10 million in the quarter, compared to $400.68 million expected by analysts. In the same period a year earlier, the company had earned earnings per share of $1.56. The company’s quarterly revenue increased by 20.3% compared to the same quarter last year. As a group, analysts predict Eagle Materials will post EPS of 11.5 for the current year.

Insiders place their bets

In related news, EVP James H. Graass sold 4,000 shares in a trade on Friday, May 20. The shares were sold at an average price of $125.50, for a total transaction of $502,000.00. Following the transaction, the executive vice president now owns 29,182 shares of the company, valued at approximately $3,662,341. The transaction was disclosed in a legal filing with the SEC, which is available via the SEC website. In other news, Executive Vice President James H. Graass sold 4,000 shares of Eagle Materials in a trade dated Friday, May 20. The stock was sold at an average price of $125.50, for a total value of $502,000.00. Following the transaction, the executive vice president now owns 29,182 shares of the company, valued at $3,662,341. The transaction was disclosed in a document filed with the SEC, accessible via this link. Also, VPE James H. Graass sold 9,092 shares in a transaction dated Monday, May 23. The shares were sold at an average price of $125.02, for a total value of $1,136,681.84. Following the sale, the executive vice president now owns 20,090 shares of the company, valued at $2,511,651.80. Disclosure of this sale can be found here. Insiders sold a total of 17,776 shares of the company valued at $2,214,229 during the last quarter. 1.60% of the shares are held by insiders.

Institutional entries and exits

Hedge funds have recently changed their positions in the business. CWM LLC bought a new position in Eagle Materials during Q4, valued at approximately $34,000. Fifth Third Bancorp increased its position in Eagle Materials shares by 45.7% in the second quarter. Fifth Third Bancorp now owns 325 shares of the construction company worth $36,000 after buying 102 more shares in the last quarter. Prospera Financial Services Inc bought a new position in shares of Eagle Materials during the first quarter, valued at approximately $42,000. Meeder Asset Management Inc. increased its equity stake in Eagle Materials to 90.9% in the first quarter. Meeder Asset Management Inc. now owns 462 shares of the construction company valued at $60,000 after acquiring 220 more shares last quarter. Finally, Covestor Ltd bought a new stake in Eagle Materials in the fourth quarter worth $97,000. 96.87% of the shares are held by hedge funds and other institutional investors.

About Eagle Materials

(Get a rating)

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy building materials and light building materials in the United States. It operates through the cement, concrete and aggregates, gypsum board and recycled paperboard segments. The company is engaged in the extraction of limestone for the manufacture, production, distribution and sale of Portland cement; crushing and sale of slag; and the extraction of gypsum for the manufacture and sale of plasterboard used for finishing interior walls and ceilings in residential, commercial and industrial structures.

Further reading

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Analyst Recommendations for Eagle Materials (NYSE: EXP)

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