Eagle Materials (NYSE:EXP – Get Rating) had its target price upped by equities researchers at Citigroup to $138.00 in a report issued on Thursday, Stock Target Advisor reports. Citigroup’s target price indicates a potential upside of 12.92% from the company’s previous close.
Several other research firms also recently weighed in on EXP. The Goldman Sachs Group decreased their price target on shares of Eagle Materials from $146.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, October 14th. Raymond James decreased their price target on shares of Eagle Materials from $145.00 to $140.00 and set an “outperform” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Eagle Materials from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, September 22nd. StockNews.com began coverage on shares of Eagle Materials in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. Finally, Stephens increased their price target on shares of Eagle Materials from $150.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Eagle Materials has an average rating of “Moderate Buy” and an average target price of $150.11.
Eagle Materials Stock Performance
Eagle Materials stock traded up $2.10 during midday trading on Thursday, reaching $122.21. 4,083 shares of the company traded hands, compared to its average volume of 311,793. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 12.69 and a beta of 1.27. The business has a 50 day moving average of $116.34 and a two-hundred day moving average of $120.31. Eagle Materials has a 12 month low of $101.98 and a 12 month high of $169.15. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.39 and a quick ratio of 1.37.
Eagle Materials (NYSE:EXP – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The construction company reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.73 by $0.09. Eagle Materials had a net margin of 19.72% and a return on equity of 33.25%. The business had revenue of $561.39 million for the quarter, compared to the consensus estimate of $561.82 million. As a group, research analysts predict that Eagle Materials will post 11.76 earnings per share for the current year.
Institutional Investors Weigh In On Eagle Materials
Several large investors have recently modified their holdings of the business. Keybank National Association OH raised its holdings in shares of Eagle Materials by 7.9% in the 3rd quarter. Keybank National Association OH now owns 5,804 shares of the construction company’s stock valued at $622,000 after purchasing an additional 427 shares in the last quarter. Callahan Advisors LLC raised its holdings in shares of Eagle Materials by 20.6% in the 3rd quarter. Callahan Advisors LLC now owns 28,882 shares of the construction company’s stock valued at $3,096,000 after purchasing an additional 4,940 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Eagle Materials by 206.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 269,230 shares of the construction company’s stock worth $28,856,000 after buying an additional 181,301 shares during the last quarter. Mirabella Financial Services LLP grew its position in shares of Eagle Materials by 49.6% in the 3rd quarter. Mirabella Financial Services LLP now owns 2,761 shares of the construction company’s stock worth $294,000 after buying an additional 915 shares during the last quarter. Finally, Wipfli Financial Advisors LLC purchased a new position in shares of Eagle Materials in the 3rd quarter worth approximately $76,000. Institutional investors own 93.41% of the company’s stock.
About Eagle Materials
Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials and light building materials in the United States. It operates through Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard segments. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland 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.