Eagle Materials (NYSE:EXP) Stock Rating Upgraded by JPMorgan Chase & Co.

Eagle Materials (NYSE:EXP) was upgraded by equities researchers at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued on Tuesday. The brokerage presently has a $225.00 price target on the construction company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 1.69% from the company’s previous close.

A number of other equities research analysts have also commented on EXP. Wells Fargo & Company upped their target price on Eagle Materials from $240.00 to $246.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Zacks Research upgraded Eagle Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Royal Bank Of Canada upped their target price on Eagle Materials from $208.00 to $219.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 20th. Finally, DA Davidson decreased their price target on Eagle Materials from $225.00 to $210.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. One research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $224.30.

Eagle Materials Price Performance

Shares of EXP stock opened at $221.26 on Tuesday. Eagle Materials has a fifty-two week low of $171.99 and a fifty-two week high of $243.64. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 16.86 and a beta of 1.37. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.09 and a current ratio of 3.66. The stock’s 50-day simple moving average is $199.75 and its 200-day simple moving average is $210.82.

Eagle Materials (NYSE:EXP) last issued its earnings results on Tuesday, May 19th. The construction company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.32. The firm had revenue of $479.11 million for the quarter, compared to analyst estimates of $451.99 million. Eagle Materials had a return on equity of 28.27% and a net margin of 18.36%.Eagle Materials’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.00 earnings per share. As a group, equities analysts forecast that Eagle Materials will post 13.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Clearstead Advisors LLC raised its stake in shares of Eagle Materials by 266.7% during the 4th quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after buying an additional 96 shares during the period. IFP Advisors Inc lifted its holdings in Eagle Materials by 389.3% in the 4th quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock valued at $28,000 after purchasing an additional 109 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Eagle Materials in the 4th quarter valued at $29,000. Aster Capital Management DIFC Ltd acquired a new stake in Eagle Materials during the 3rd quarter worth $30,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Eagle Materials during the 3rd quarter worth $34,000. 96.07% of the stock is owned by institutional investors and hedge funds.

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.