Eagle Materials (NYSE:EXP)‘s stock had its “buy” rating reissued by equities research analysts at Raymond James in a research note issued on Friday, AnalystRatings.com reports. They currently have a $95.00 price objective on the construction company’s stock. Raymond James’ price target suggests a potential upside of 18.41% from the stock’s current price.
Several other analysts have also recently issued reports on the company. ValuEngine upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research report on Friday, May 1st. Stephens cut their target price on Eagle Materials from $111.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, April 24th. JPMorgan Chase & Co. upgraded Eagle Materials from a “neutral” rating to an “overweight” rating and set a $65.00 target price for the company in a research report on Thursday, April 23rd. SunTrust Banks cut their target price on Eagle Materials from $102.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Finally, Cfra cut their target price on Eagle Materials from $102.00 to $76.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $82.60.
Shares of EXP opened at $80.23 on Friday. The company has a quick ratio of 2.39, a current ratio of 3.86 and a debt-to-equity ratio of 1.48. The business has a 50-day simple moving average of $72.61 and a two-hundred day simple moving average of $71.16. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 26.74 and a beta of 1.29. Eagle Materials has a 52 week low of $41.83 and a 52 week high of $97.10.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings results on Thursday, July 30th. The construction company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.47. The business had revenue of $428.02 million during the quarter, compared to analysts’ expectations of $398.01 million. Eagle Materials had a return on equity of 25.94% and a net margin of 8.34%. On average, equities analysts anticipate that Eagle Materials will post 5.23 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in EXP. Twin Tree Management LP boosted its stake in Eagle Materials by 315.2% during the first quarter. Twin Tree Management LP now owns 930 shares of the construction company’s stock valued at $54,000 after buying an additional 706 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Eagle Materials in the fourth quarter valued at $80,000. Tower Research Capital LLC TRC raised its stake in shares of Eagle Materials by 966.3% in the first quarter. Tower Research Capital LLC TRC now owns 1,770 shares of the construction company’s stock valued at $103,000 after acquiring an additional 1,604 shares during the period. First Mercantile Trust Co. raised its stake in shares of Eagle Materials by 28.2% in the first quarter. First Mercantile Trust Co. now owns 1,972 shares of the construction company’s stock valued at $115,000 after acquiring an additional 434 shares during the period. Finally, Aigen Investment Management LP raised its stake in shares of Eagle Materials by 42.7% in the first quarter. Aigen Investment Management LP now owns 2,397 shares of the construction company’s stock valued at $140,000 after acquiring an additional 717 shares during the period. 95.60% of the stock is owned by institutional investors.
Eagle Materials Company Profile
Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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