DA Davidson Lowers Eagle Materials (NYSE:EXP) Price Target to $260.00

Eagle Materials (NYSE:EXP) had its price target lowered by DA Davidson from $265.00 to $260.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the construction company’s stock. DA Davidson’s target price suggests a potential upside of 1.78% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Stephens reaffirmed an “overweight” rating and issued a $310.00 target price on shares of Eagle Materials in a report on Thursday. JPMorgan Chase & Co. upped their price target on Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Loop Capital lowered Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 target price on the stock. in a research report on Monday, November 25th. Jefferies Financial Group lowered Eagle Materials from a “buy” rating to a “hold” rating and cut their target price for the company from $330.00 to $310.00 in a research report on Monday, December 16th. Finally, Truist Financial upped their target price on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Eagle Materials currently has a consensus rating of “Hold” and an average target price of $296.80.

Eagle Materials Price Performance

Shares of NYSE:EXP traded up $1.71 during trading on Thursday, reaching $255.47. 45,863 shares of the company traded hands, compared to its average volume of 294,222. The company’s 50 day moving average is $266.95 and its two-hundred day moving average is $269.75. The firm has a market capitalization of $8.57 billion, a PE ratio of 18.04 and a beta of 1.37. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. Eagle Materials has a 52 week low of $211.44 and a 52 week high of $321.93.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Wednesday, January 29th. The construction company reported $3.59 EPS for the quarter, missing analysts’ consensus estimates of $3.97 by ($0.38). Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. As a group, sell-side analysts predict that Eagle Materials will post 15.11 earnings per share for the current year.

Insider Activity at Eagle Materials

In other Eagle Materials news, Director Richard Ross Stewart sold 3,577 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $300.30, for a total transaction of $1,074,173.10. Following the sale, the director now owns 1,100 shares in the company, valued at $330,330. This trade represents a 76.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Haack sold 11,888 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value of $3,691,224.00. Following the transaction, the chief executive officer now owns 85,811 shares in the company, valued at approximately $26,644,315.50. This represents a 12.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,866 shares of company stock valued at $5,205,311. 1.60% of the stock is owned by insiders.

Institutional Trading of Eagle Materials

Large investors have recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of Eagle Materials in the 3rd quarter worth approximately $64,000. R Squared Ltd purchased a new stake in Eagle Materials during the 4th quarter valued at $81,000. Quent Capital LLC raised its stake in Eagle Materials by 155.3% during the 3rd quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock valued at $125,000 after buying an additional 264 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Eagle Materials by 10.6% in the 4th quarter. GAMMA Investing LLC now owns 676 shares of the construction company’s stock worth $167,000 after purchasing an additional 65 shares in the last quarter. Finally, Central Pacific Bank Trust Division increased its stake in shares of Eagle Materials by 23.5% in the 3rd quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company’s stock worth $181,000 after purchasing an additional 120 shares in the last quarter. 96.07% of the stock is owned by institutional investors.

Eagle Materials Company Profile

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.