Eagle Materials (NYSE:EXP) Price Target Raised to $189.00

Eagle Materials (NYSE:EXP) had its target price increased by Wells Fargo & Company from $188.00 to $189.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the construction company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 0.04% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Royal Bank Of Canada decreased their price objective on Eagle Materials from $219.00 to $170.00 and set a “sector perform” rating on the stock in a report on Friday, October 9th. Citigroup cut their target price on Eagle Materials from $232.00 to $190.00 and set a “neutral” rating for the company in a research note on Friday, October 2nd. Zacks Research cut Eagle Materials from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. JPMorgan Chase & Co. decreased their price target on Eagle Materials from $225.00 to $200.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 13th. Finally, Truist Financial lowered their price target on Eagle Materials from $210.00 to $165.00 and set a “hold” rating for the company in a report on Thursday, October 8th. Ten equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $194.00.

Eagle Materials Trading Down 4.7%

NYSE:EXP traded down $9.27 on Thursday, hitting $188.93. The stock had a trading volume of 99,182 shares, compared to its average volume of 455,049. The company has a fifty day moving average price of $179.73 and a two-hundred day moving average price of $202.20. Eagle Materials has a 1-year low of $160.02 and a 1-year high of $245.53. The company has a quick ratio of 1.91, a current ratio of 3.23 and a debt-to-equity ratio of 1.17. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 14.94 and a beta of 1.29.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Wednesday, November 4th. The construction company reported $3.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.82 by ($0.19). The firm had revenue of $652.75 million for the quarter, compared to analyst estimates of $633.08 million. Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.23 EPS. Equities research analysts expect that Eagle Materials will post 12.02 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Tony Thompson sold 3,074 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $203.96, for a total value of $626,973.04. Following the sale, the senior vice president owned 10,142 shares in the company, valued at approximately $2,068,562.32. The trade was a 23.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Eagle Materials

Hedge funds and other institutional investors have recently bought and sold shares of the company. M&G PLC increased its stake in Eagle Materials by 3.9% during the third quarter. M&G PLC now owns 50,934 shares of the construction company’s stock worth $8,710,000 after purchasing an additional 1,909 shares during the period. University of Texas Texas AM Investment Management Co. lifted its position in shares of Eagle Materials by 54.4% during the third quarter. University of Texas Texas AM Investment Management Co. now owns 596 shares of the construction company’s stock worth $102,000 after purchasing an additional 210 shares in the last quarter. StoneX Group Inc. acquired a new stake in shares of Eagle Materials during the third quarter worth about $313,000. Kestra Advisory Services LLC boosted its stake in shares of Eagle Materials by 14.6% in the third quarter. Kestra Advisory Services LLC now owns 1,691 shares of the construction company’s stock valued at $289,000 after purchasing an additional 215 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Eagle Materials by 23.9% in the third quarter. Covestor Ltd now owns 519 shares of the construction company’s stock valued at $89,000 after purchasing an additional 100 shares during the period. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Key Eagle Materials News

Here are the key news stories impacting Eagle Materials this week:

• Positive Sentiment: Revenue reached a record $652.75 million, topping analyst expectations of $633.08 million and rising 2.2% year over year. The company also plans cement price increases of $10–$15 per ton beginning in January 2027, which could support future revenue and margins. Eagle Materials: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Eagle Materials maintained its quarterly dividend at $0.25 per share, equivalent to $1.00 annually and a yield of about 0.5%. Eagle Materials Keeps Quarterly Dividend at $0.25 a Share
• Negative Sentiment: Quarterly EPS of $3.63 missed consensus estimates of $3.82 and declined from $4.23 a year earlier. Reports also pointed to surging costs, making the earnings shortfall a near-term concern despite the revenue beat. Eagle Materials Q2 2027: Revenue Beats but Earnings Miss on Surging Costs

About Eagle Materials

Eagle Materials Inc (NYSE: EXP) is a U.S.-based manufacturer of building materials used in residential, commercial, infrastructure and industrial construction. The company’s principal products include cement, gypsum wallboard, concrete and aggregates.

Its cement business produces and distributes Portland cement and related cement products, while its gypsum wallboard business supplies panels used in interior construction. Eagle Materials also provides ready-mixed concrete and construction aggregates, including crushed stone, sand and gravel, for building and infrastructure projects.

The company traces its history to Centex Construction Products, which was spun off from Centex Corporation in 1994 and later adopted the Eagle Materials name.