Eagle Materials (NYSE:EXP) PT Raised to $230.00

Eagle Materials (NYSE:EXPGet Free Report) had its target price increased by research analysts at Raymond James from $170.00 to $230.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the construction company’s stock. Raymond James’ price objective points to a potential upside of 0.44% from the company’s current price.

A number of other equities research analysts have also commented on EXP. Stifel Nicolaus raised their price objective on shares of Eagle Materials from $186.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. StockNews.com upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Loop Capital upgraded shares of Eagle Materials from a “hold” rating to a “buy” rating and lifted their price target for the company from $170.00 to $240.00 in a research note on Monday, January 8th. The Goldman Sachs Group lifted their price target on shares of Eagle Materials from $215.00 to $238.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, JPMorgan Chase & Co. upgraded shares of Eagle Materials from an “underweight” rating to a “neutral” rating and set a $200.00 price target on the stock in a research note on Tuesday, December 12th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Eagle Materials currently has an average rating of “Moderate Buy” and an average price target of $222.00.

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Eagle Materials Trading Up 2.1 %

Shares of NYSE EXP opened at $228.99 on Monday. The company’s fifty day moving average is $198.32 and its 200-day moving average is $182.95. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 16.16 and a beta of 1.35. Eagle Materials has a twelve month low of $129.76 and a twelve month high of $229.73. The company has a quick ratio of 1.13, a current ratio of 2.61 and a debt-to-equity ratio of 0.77.

Insider Transactions at Eagle Materials

In related news, SVP William R. Devlin sold 2,354 shares of Eagle Materials stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $214.95, for a total transaction of $505,992.30. Following the completion of the sale, the senior vice president now owns 24,998 shares of the company’s stock, valued at approximately $5,373,320.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP William R. Devlin sold 2,354 shares of Eagle Materials stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $214.95, for a total transaction of $505,992.30. Following the completion of the sale, the senior vice president now owns 24,998 shares of the company’s stock, valued at approximately $5,373,320.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Eric Cribbs sold 700 shares of Eagle Materials stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $186.22, for a total transaction of $130,354.00. Following the sale, the executive vice president now directly owns 15,654 shares of the company’s stock, valued at approximately $2,915,087.88. The disclosure for this sale can be found here. Insiders have sold 10,054 shares of company stock worth $2,143,666 in the last ninety days. Insiders own 1.70% of the company’s stock.

Institutional Trading of Eagle Materials

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC boosted its holdings in Eagle Materials by 41.0% in the 3rd quarter. FMR LLC now owns 2,510,906 shares of the construction company’s stock valued at $418,116,000 after purchasing an additional 730,454 shares during the period. William Blair Investment Management LLC boosted its holdings in Eagle Materials by 271.7% in the 3rd quarter. William Blair Investment Management LLC now owns 666,874 shares of the construction company’s stock valued at $111,048,000 after purchasing an additional 487,454 shares during the period. Norges Bank bought a new stake in Eagle Materials in the 4th quarter valued at about $60,428,000. Frontier Capital Management Co. LLC boosted its holdings in Eagle Materials by 42.4% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,120,726 shares of the construction company’s stock valued at $208,926,000 after purchasing an additional 333,902 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in Eagle Materials by 180.3% in the 1st quarter. Prudential Financial Inc. now owns 470,479 shares of the construction company’s stock valued at $60,390,000 after purchasing an additional 302,625 shares during the period. Institutional investors own 92.57% of the company’s stock.

About Eagle Materials

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Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures.

Further Reading

Analyst Recommendations for Eagle Materials (NYSE:EXP)

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