Eagle Materials Inc (NYSE:EXP) Stock Has Average Price Target of $195.22

Eagle Materials Inc (NYSE:EXP) has earned an average rating of “Reduce” from the eleven analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and ten have assigned a hold recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $195.22.

Several brokerages have recently issued reports on EXP. JPMorgan Chase & Co. decreased their target price on Eagle Materials from $225.00 to $200.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Eagle Materials in a research note on Friday, September 11th. Stifel Nicolaus decreased their target price on Eagle Materials from $232.00 to $207.00 and set a “hold” rating on the stock in a research report on Wednesday. Citigroup decreased their price objective on Eagle Materials from $232.00 to $190.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. Finally, DA Davidson reduced their price target on Eagle Materials from $220.00 to $207.00 and set a “neutral” rating for the company in a research report on Monday, September 14th.

Insider Transactions at Eagle Materials

In other Eagle Materials news, SVP Tony Thompson sold 3,074 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $203.96, for a total transaction of $626,973.04. Following the sale, the senior vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.70% of the stock is owned by corporate insiders.

Institutional Trading of Eagle Materials

Several large investors have recently added to or reduced their stakes in the stock. Covestor Ltd raised its position in shares of Eagle Materials by 23.9% during the 3rd quarter. Covestor Ltd now owns 519 shares of the construction company’s stock worth $89,000 after purchasing an additional 100 shares during the period. Provenance Wealth Advisors LLC increased its stake in shares of Eagle Materials by 17,370.0% in the third quarter. Provenance Wealth Advisors LLC now owns 1,747 shares of the construction company’s stock worth $299,000 after purchasing an additional 1,737 shares during the period. Signaturefd LLC increased its position in shares of Eagle Materials by 46.9% during the third quarter. Signaturefd LLC now owns 623 shares of the construction company’s stock valued at $107,000 after purchasing an additional 199 shares during the period. Citizens Financial Group Inc. RI boosted its stake in shares of Eagle Materials by 27.9% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 1,197 shares of the construction company’s stock valued at $205,000 after purchasing an additional 261 shares in the last quarter. Finally, Tectonic Advisors LLC increased its holdings in shares of Eagle Materials by 23.6% in the third quarter. Tectonic Advisors LLC now owns 14,705 shares of the construction company’s stock valued at $2,515,000 after purchasing an additional 2,809 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Stock Up 0.1%

EXP stock opened at $183.76 on Friday. Eagle Materials has a 1-year low of $160.02 and a 1-year high of $245.53. The business’s 50 day simple moving average is $180.23 and its 200 day simple moving average is $202.77. The firm has a market capitalization of $5.64 billion, a PE ratio of 14.53 and a beta of 1.29. The company has a current ratio of 3.23, a quick ratio of 1.91 and a debt-to-equity ratio of 1.17.

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.