Eagle Materials Inc (NYSE:EXP) Receives Average Recommendation of “Hold” from Analysts

Eagle Materials Inc (NYSE:EXP) has earned an average recommendation of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $228.8182.

EXP has been the subject of a number of research reports. Zacks Research upgraded Eagle Materials from a “strong sell” rating to a “hold” rating in a research note on Monday, March 23rd. Royal Bank Of Canada set a $208.00 price target on shares of Eagle Materials in a report on Tuesday, February 24th. Citigroup lowered their price objective on Eagle Materials from $232.00 to $224.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. Stephens reiterated an “equal weight” rating and issued a $245.00 price objective on shares of Eagle Materials in a research report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $215.00 target price (down from $230.00) on shares of Eagle Materials in a report on Monday, February 16th.

Hedge Funds Weigh In On Eagle Materials

Institutional investors and hedge funds have recently made changes to their positions in the company. Focus Partners Wealth grew its position in shares of Eagle Materials by 21.5% in the 1st quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock valued at $448,000 after purchasing an additional 357 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Eagle Materials by 102.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after purchasing an additional 87 shares during the period. First Trust Advisors LP boosted its position in Eagle Materials by 5.8% during the 2nd quarter. First Trust Advisors LP now owns 101,969 shares of the construction company’s stock worth $20,609,000 after acquiring an additional 5,612 shares during the last quarter. Baird Financial Group Inc. boosted its position in Eagle Materials by 8.0% during the 2nd quarter. Baird Financial Group Inc. now owns 1,364 shares of the construction company’s stock worth $276,000 after acquiring an additional 101 shares during the last quarter. Finally, Jump Financial LLC boosted its position in Eagle Materials by 359.9% during the 2nd quarter. Jump Financial LLC now owns 12,510 shares of the construction company’s stock worth $2,528,000 after acquiring an additional 9,790 shares during the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Performance

NYSE EXP opened at $202.32 on Friday. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 15.32 and a beta of 1.38. The company has a 50 day moving average of $196.45 and a 200-day moving average of $211.51. The company has a current ratio of 4.27, a quick ratio of 2.68 and a debt-to-equity ratio of 1.17. Eagle Materials has a 1-year low of $171.99 and a 1-year high of $243.64.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.