Eagle Materials (NYSE:EXP) Earns “Hold” Rating from Truist Financial

Eagle Materials (NYSE:EXP)‘s stock had its “hold” rating reaffirmed by equities research analysts at Truist Financial in a research note issued on Friday,Benzinga reports. They currently have a $210.00 price objective on the construction company’s stock, down from their previous price objective of $280.00. Truist Financial’s price target suggests a potential downside of 6.06% from the company’s current price.

A number of other equities research analysts have also recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of Eagle Materials from $261.00 to $251.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Stifel Nicolaus set a $246.00 price target on shares of Eagle Materials in a report on Monday, October 27th. Weiss Ratings restated a “hold (c)” rating on shares of Eagle Materials in a research report on Monday. Zacks Research downgraded shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Finally, DA Davidson lowered their target price on shares of Eagle Materials from $245.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Eagle Materials has a consensus rating of “Hold” and an average price target of $236.30.

Eagle Materials Stock Performance

Shares of EXP stock opened at $223.55 on Friday. Eagle Materials has a 52-week low of $191.91 and a 52-week high of $265.42. The company has a quick ratio of 1.22, a current ratio of 2.72 and a debt-to-equity ratio of 0.83. The stock has a market cap of $7.17 billion, a PE ratio of 16.50 and a beta of 1.37. The business has a 50-day simple moving average of $220.03 and a 200-day simple moving average of $220.85.

Eagle Materials (NYSE:EXP) last posted its earnings results on Thursday, October 30th. The construction company reported $4.23 EPS for the quarter, missing the consensus estimate of $4.35 by ($0.12). The company had revenue of $638.91 million for the quarter, compared to analyst estimates of $635.55 million. Eagle Materials had a return on equity of 30.13% and a net margin of 19.41%.The firm’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the business earned $4.31 earnings per share. On average, equities analysts expect that Eagle Materials will post 14.39 EPS for the current year.

Insider Buying and Selling

In other news, Director David E. Rush bought 1,000 shares of Eagle Materials stock in a transaction on Wednesday, November 5th. The stock was acquired at an average price of $208.08 per share, with a total value of $208,080.00. Following the completion of the acquisition, the director directly owned 4,173 shares of the company’s stock, valued at $868,317.84. The trade was a 31.52% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EXP. Park Avenue Securities LLC grew its position in Eagle Materials by 1.5% in the 3rd quarter. Park Avenue Securities LLC now owns 2,962 shares of the construction company’s stock valued at $690,000 after buying an additional 45 shares during the last quarter. Sheets Smith Wealth Management raised its position in Eagle Materials by 1.8% during the 3rd quarter. Sheets Smith Wealth Management now owns 2,799 shares of the construction company’s stock worth $652,000 after buying an additional 49 shares during the last quarter. Caisse de depot et placement du Quebec lifted its stake in shares of Eagle Materials by 3.6% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,426 shares of the construction company’s stock worth $332,000 after acquiring an additional 50 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Eagle Materials by 20.3% during the third quarter. Smartleaf Asset Management LLC now owns 326 shares of the construction company’s stock worth $76,000 after acquiring an additional 55 shares during the period. Finally, ProShare Advisors LLC raised its holdings in Eagle Materials by 3.9% during the second quarter. ProShare Advisors LLC now owns 1,474 shares of the construction company’s stock worth $298,000 after purchasing an additional 56 shares in the last quarter. 96.07% of the stock is 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.