The Goldman Sachs Group Raises Eagle Materials (NYSE:EXP) Price Target to $273.00

Eagle Materials (NYSE:EXP) had its price target boosted by equities researchers at The Goldman Sachs Group from $238.00 to $273.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 11.60% from the stock’s previous close.

Several other research analysts have also recently issued reports on EXP. Citigroup increased their price objective on Eagle Materials from $244.00 to $311.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. increased their price objective on Eagle Materials from $200.00 to $265.00 and gave the stock a “neutral” rating in a research report on Friday, March 22nd. StockNews.com cut Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Loop Capital upgraded Eagle Materials from a “hold” rating to a “buy” rating and increased their price objective for the stock from $170.00 to $240.00 in a research report on Monday, January 8th. Finally, Stifel Nicolaus increased their price objective on Eagle Materials from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $257.00.

Eagle Materials Price Performance

Eagle Materials stock opened at $244.62 on Tuesday. Eagle Materials has a 12 month low of $143.23 and a 12 month high of $272.72. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.61 and a quick ratio of 1.13. The business has a 50 day simple moving average of $255.16 and a 200-day simple moving average of $210.86. The stock has a market capitalization of $8.43 billion, a PE ratio of 17.26 and a beta of 1.34.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, January 25th. The construction company reported $3.72 EPS for the quarter, topping the consensus estimate of $3.56 by $0.16. Eagle Materials had a return on equity of 40.05% and a net margin of 22.24%. The business had revenue of $558.83 million during the quarter, compared to analysts’ expectations of $537.23 million. Equities analysts predict that Eagle Materials will post 14.29 earnings per share for the current year.

Insider Transactions at Eagle Materials

In other news, EVP Matt Newby sold 2,940 shares of Eagle Materials stock in a transaction on Monday, February 26th. The stock was sold at an average price of $251.15, for a total transaction of $738,381.00. Following the completion of the transaction, the executive vice president now owns 21,819 shares of the company’s stock, valued at approximately $5,479,841.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Matt Newby sold 2,940 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $251.15, for a total value of $738,381.00. Following the completion of the transaction, the executive vice president now owns 21,819 shares of the company’s stock, valued at approximately $5,479,841.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $215.60, for a total transaction of $1,078,000.00. Following the completion of the transaction, the chief financial officer now directly owns 62,610 shares of the company’s stock, valued at approximately $13,498,716. The disclosure for this sale can be found here. Insiders sold 19,444 shares of company stock valued at $4,414,889 in the last 90 days. 1.70% of the stock is currently owned by insiders.

Institutional Trading of Eagle Materials

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXP. Larson Financial Group LLC purchased a new stake in Eagle Materials in the 3rd quarter valued at about $25,000. Dark Forest Capital Management LP purchased a new stake in Eagle Materials in the 1st quarter valued at about $26,000. Tompkins Financial Corp purchased a new stake in Eagle Materials in the 1st quarter valued at about $27,000. Rise Advisors LLC purchased a new stake in Eagle Materials in the 1st quarter valued at about $27,000. Finally, Global Wealth Management Investment Advisory Inc. purchased a new stake in Eagle Materials in the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

About Eagle Materials

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.