Jefferies Financial Group Increases Eagle Materials (NYSE:EXP) Price Target to $330.00

Eagle Materials (NYSE:EXP) had its price target hoisted by Jefferies Financial Group from $309.00 to $330.00 in a research report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 12.57% from the stock’s current price.

Several other equities analysts have also weighed in on EXP. Raymond James lowered Eagle Materials from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. raised their price objective on Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday. Citigroup upped their target price on Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Stephens increased their price target on Eagle Materials from $280.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Eagle Materials currently has an average rating of “Moderate Buy” and an average price target of $297.78.

Eagle Materials Stock Up 1.6 %

Shares of Eagle Materials stock traded up $4.63 during trading on Wednesday, hitting $293.15. 297,454 shares of the stock traded hands, compared to its average volume of 311,347. The company has a fifty day moving average price of $262.80 and a two-hundred day moving average price of $249.48. Eagle Materials has a twelve month low of $145.03 and a twelve month high of $295.34. The stock has a market cap of $9.93 billion, a P/E ratio of 21.52 and a beta of 1.32. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.17 and a current ratio of 2.45.

Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, July 30th. The construction company reported $3.94 EPS for the quarter, topping the consensus estimate of $3.57 by $0.37. The company had revenue of $608.69 million during the quarter, compared to the consensus estimate of $622.06 million. Eagle Materials had a net margin of 21.65% and a return on equity of 37.10%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.55 earnings per share. Equities research analysts predict that Eagle Materials will post 15.9 EPS for the current fiscal year.

Insider Transactions at Eagle Materials

In related news, Director George John Damiris sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total transaction of $277,620.00. Following the completion of the transaction, the director now directly owns 7,943 shares in the company, valued at $2,205,135.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director George John Damiris sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $277.62, for a total transaction of $277,620.00. Following the transaction, the director now directly owns 7,943 shares in the company, valued at $2,205,135.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Dale Craig Kesler sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $266.76, for a total value of $1,333,800.00. Following the completion of the transaction, the chief financial officer now owns 60,488 shares of the company’s stock, valued at $16,135,778.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,851 shares of company stock worth $2,124,258. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Eagle Materials

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baupost Group LLC MA acquired a new stake in Eagle Materials during the 1st quarter valued at $71,199,000. Captrust Financial Advisors grew its holdings in shares of Eagle Materials by 61.6% during the first quarter. Captrust Financial Advisors now owns 509,605 shares of the construction company’s stock worth $138,485,000 after purchasing an additional 194,342 shares during the last quarter. Jupiter Asset Management Ltd. increased its stake in shares of Eagle Materials by 3,537.5% in the first quarter. Jupiter Asset Management Ltd. now owns 172,779 shares of the construction company’s stock valued at $46,953,000 after buying an additional 168,029 shares in the last quarter. Epoch Investment Partners Inc. raised its holdings in shares of Eagle Materials by 25.2% in the second quarter. Epoch Investment Partners Inc. now owns 805,257 shares of the construction company’s stock valued at $175,111,000 after buying an additional 162,049 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in Eagle Materials by 33.4% during the 2nd quarter. Federated Hermes Inc. now owns 529,701 shares of the construction company’s stock worth $115,189,000 after buying an additional 132,677 shares in the last quarter. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Eagle Materials Company Profile

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, including Portland limestone 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, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.