Stifel Nicolaus Begins Coverage on Eagle Materials (NYSE:EXP)

Analysts at Stifel Nicolaus started coverage on shares of Eagle Materials (NYSE:EXP) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating and a $242.00 price target on the construction company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 10.82% from the company’s current price.

Several other research firms have also recently issued reports on EXP. Loop Capital cut shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a report on Monday, November 25th. Citigroup lowered shares of Eagle Materials from a “buy” rating to a “neutral” rating and cut their target price for the company from $334.00 to $280.00 in a research note on Monday, January 6th. Truist Financial lifted their price target on Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Jefferies Financial Group downgraded Eagle Materials from a “buy” rating to a “hold” rating and reduced their target price for the stock from $330.00 to $310.00 in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. boosted their price target on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $292.40.

Eagle Materials Stock Down 3.5 %

Shares of Eagle Materials stock opened at $218.37 on Tuesday. Eagle Materials has a 1-year low of $211.44 and a 1-year high of $321.93. The company has a market capitalization of $7.27 billion, a PE ratio of 15.60 and a beta of 1.37. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The business has a 50-day moving average of $246.96 and a 200-day moving average of $269.93.

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%. As a group, equities analysts forecast that Eagle Materials will post 14.39 EPS for the current fiscal year.

Insider Buying and Selling

In other Eagle Materials news, Director Michael R. Nicolais acquired 310 shares of Eagle Materials stock in a transaction dated Monday, February 10th. The stock was acquired at an average cost of $257.36 per share, for a total transaction of $79,781.60. Following the completion of the transaction, the director now owns 3,655 shares in the company, valued at approximately $940,650.80. This represents a 9.27 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Eagle Materials

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its holdings in shares of Eagle Materials by 30.1% during the third quarter. FMR LLC now owns 3,801,257 shares of the construction company’s stock valued at $1,093,432,000 after purchasing an additional 878,400 shares during the period. JPMorgan Chase & Co. grew its position in Eagle Materials by 60.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company’s stock valued at $499,111,000 after buying an additional 652,836 shares in the last quarter. Norges Bank acquired a new position in Eagle Materials during the 4th quarter valued at about $93,672,000. Baupost Group LLC MA raised its position in shares of Eagle Materials by 46.2% during the 3rd quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock worth $143,904,000 after buying an additional 158,171 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Eagle Materials in the 4th quarter worth approximately $38,115,000. Institutional investors own 96.07% of the company’s stock.

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.