Wells Fargo & Company Issues Positive Forecast for Eagle Materials (NYSE:EXP) Stock Price

Eagle Materials (NYSE:EXP) had its price target increased by Wells Fargo & Company from $188.00 to $189.00 in a report published on Thursday,Benzinga reports. The firm currently has an equal weight rating on the construction company’s stock.

Several other equities research analysts have also recently weighed in on EXP. Truist Financial decreased their price objective on shares of Eagle Materials from $210.00 to $165.00 and set a “hold” rating for the company in a research report on Thursday, October 8th. Stifel Nicolaus dropped their target price on shares of Eagle Materials from $232.00 to $207.00 and set a “hold” rating on the stock in a report on Wednesday, October 28th. Zacks Research cut shares of Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Friday, October 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Eagle Materials in a report on Friday, September 11th. Finally, Stephens increased their price target on Eagle Materials from $225.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Ten research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Eagle Materials has a consensus rating of “Reduce” and a consensus target price of $194.00.

Eagle Materials Stock Down 4.3%

NYSE:EXP opened at $189.70 on Thursday. The company has a market cap of $5.82 billion, a PE ratio of 15.74 and a beta of 1.29. The firm’s 50 day simple moving average is $179.52 and its 200 day simple moving average is $201.99. The company has a debt-to-equity ratio of 1.13, a current ratio of 3.29 and a quick ratio of 1.91. Eagle Materials has a one year low of $160.02 and a one year high of $245.53.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Wednesday, November 4th. The construction company reported $3.63 earnings per share for the quarter, missing the consensus estimate of $3.82 by ($0.19). Eagle Materials had a return on equity of 25.16% and a net margin of 16.11%. The business had revenue of $652.75 million during the quarter, compared to the consensus estimate of $633.08 million. During the same period in the prior year, the firm earned $4.23 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, research analysts anticipate that Eagle Materials will post 12.02 earnings per share for the current year.

Eagle Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 11th. Stockholders of record on Monday, December 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, December 14th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. Eagle Materials’s dividend payout ratio (DPR) is 7.91%.

Insider Buying and Selling at Eagle Materials

In other news, SVP Tony Thompson sold 3,074 shares of Eagle Materials stock in a transaction on Monday, August 24th. The shares were sold at an average price of $203.96, for a total value of $626,973.04. Following the completion of the sale, the senior vice president owned 10,142 shares in the company, valued at $2,068,562.32. The trade was a 23.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Eagle Materials

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc bought a new stake in shares of Eagle Materials during the second quarter worth about $8,280,000. Squarepoint Ops LLC raised its holdings in shares of Eagle Materials by 87.2% in the 2nd quarter. Squarepoint Ops LLC now owns 15,356 shares of the construction company’s stock worth $3,455,000 after acquiring an additional 7,155 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Eagle Materials by 5,116.3% in the 1st quarter. Fifth Third Bancorp now owns 25,612 shares of the construction company’s stock worth $4,852,000 after acquiring an additional 25,121 shares during the last quarter. Bank of America Corp DE bought a new position in Eagle Materials in the 2nd quarter valued at about $66,255,000. Finally, Redwood Investment Management LLC bought a new position in Eagle Materials in the 2nd quarter valued at about $1,189,000. 96.07% of the stock is owned by institutional investors.

Key Stories Impacting Eagle Materials

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

• Positive Sentiment: Second-quarter revenue reached a record $653 million, beating analysts’ estimates of about $633 million. The company also plans cement price increases of $10–$15 per ton beginning in January 2027, which could support future sales and margins. Article: Eagle Materials: 3 Key Takeaways for Long-Term Investors
• Neutral Sentiment: Wells Fargo raised its price target slightly, from $188 to $189, but kept an “equal weight” rating, signaling a broadly neutral view. Wells Fargo stock recommendations
• Neutral Sentiment: Eagle Materials declared a quarterly dividend of $0.25 per share, equivalent to $1.00 annually and a yield of about 0.5%. Article: Eagle Materials Keeps Quarterly Dividend at $0.25 a Share
• Negative Sentiment: Quarterly EPS was $3.63, below analyst estimates and down from $4.23 a year earlier. Reports pointed to surging costs, which appears to have outweighed the revenue beat and contributed to the stock’s weakness. Article: 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.