Eagle Materials Inc (NYSE:EXP) Receives $228.82 Average PT from Brokerages

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

A number of equities research analysts recently weighed in on EXP shares. DA Davidson cut their price objective on shares of Eagle Materials from $225.00 to $210.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Wells Fargo & Company lifted their price objective on shares of Eagle Materials from $240.00 to $246.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Stephens restated an “equal weight” rating and set a $245.00 price objective on shares of Eagle Materials in a research note on Tuesday, January 20th. JPMorgan Chase & Co. restated an “underweight” rating and set a $215.00 price objective (down from $230.00) on shares of Eagle Materials in a research note on Monday, February 16th. Finally, Wall Street Zen cut shares of Eagle Materials from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th.

Institutional Investors Weigh In On Eagle Materials

Hedge funds and other institutional investors have recently modified their holdings of the stock. Clearstead Advisors LLC raised its stake in shares of Eagle Materials by 266.7% during the fourth quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock valued at $27,000 after purchasing an additional 96 shares in the last quarter. IFP Advisors Inc raised its position in Eagle Materials by 389.3% in the fourth quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock worth $28,000 after acquiring an additional 109 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in Eagle Materials in the fourth quarter worth about $29,000. Versant Capital Management Inc raised its position in Eagle Materials by 130.9% in the third quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock worth $30,000 after acquiring an additional 72 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Eagle Materials in the third quarter worth about $30,000. 96.07% of the stock is currently owned by institutional investors.

Eagle Materials Price Performance

Shares of NYSE EXP opened at $202.01 on Friday. Eagle Materials has a fifty-two week low of $171.99 and a fifty-two week high of $243.64. The firm’s 50-day simple moving average is $197.07 and its 200 day simple moving average is $211.97. The company has a quick ratio of 2.68, a current ratio of 4.27 and a debt-to-equity ratio of 1.17. The stock has a market cap of $6.35 billion, a P/E ratio of 15.29 and a beta of 1.38.

About Eagle Materials

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.