Citigroup Issues Pessimistic Forecast for Eagle Materials (NYSE:EXP) Stock Price

Eagle Materials (NYSE:EXP) had its price objective decreased by equities research analysts at Citigroup from $232.00 to $224.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the construction company’s stock. Citigroup’s price objective indicates a potential downside of 2.47% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Truist Financial reaffirmed a “hold” rating and set a $210.00 target price (down previously from $280.00) on shares of Eagle Materials in a research note on Friday, December 19th. Zacks Research upgraded Eagle Materials from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Stephens restated an “equal weight” rating and set a $245.00 price objective on shares of Eagle Materials in a research report on Tuesday, January 20th. Wall Street Zen cut Eagle Materials from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Finally, Stifel Nicolaus set a $246.00 target price on Eagle Materials in a research report on Monday, October 27th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $231.90.

Eagle Materials Stock Performance

NYSE:EXP opened at $229.68 on Tuesday. Eagle Materials has a twelve month low of $191.91 and a twelve month high of $262.81. The company has a quick ratio of 2.68, a current ratio of 4.27 and a debt-to-equity ratio of 1.17. The stock’s 50-day simple moving average is $220.63 and its 200 day simple moving average is $224.12. The firm has a market capitalization of $7.22 billion, a PE ratio of 17.39 and a beta of 1.38.

Eagle Materials (NYSE:EXP) last posted its earnings results on Thursday, January 29th. The construction company reported $3.22 EPS for the quarter, missing analysts’ consensus estimates of $3.32 by ($0.10). Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.The company had revenue of $555.96 million during the quarter, compared to the consensus estimate of $556.41 million. During the same period last year, the company posted $3.59 EPS. The firm’s revenue was down .4% compared to the same quarter last year. On average, analysts anticipate that Eagle Materials will post 14.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EXP. Baupost Group LLC MA boosted its stake in shares of Eagle Materials by 39.0% in the 3rd quarter. Baupost Group LLC MA now owns 939,660 shares of the construction company’s stock valued at $218,978,000 after purchasing an additional 263,403 shares during the last quarter. Frontier Capital Management Co. LLC raised its stake in Eagle Materials by 36.0% during the second quarter. Frontier Capital Management Co. LLC now owns 830,284 shares of the construction company’s stock worth $167,809,000 after buying an additional 219,627 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Eagle Materials by 4.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 734,541 shares of the construction company’s stock valued at $153,607,000 after buying an additional 28,559 shares during the period. William Blair Investment Management LLC boosted its position in Eagle Materials by 0.6% during the third quarter. William Blair Investment Management LLC now owns 615,250 shares of the construction company’s stock valued at $143,378,000 after acquiring an additional 3,505 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Eagle Materials by 2.5% during the 3rd quarter. American Century Companies Inc. now owns 534,380 shares of the construction company’s stock worth $124,532,000 after acquiring an additional 13,104 shares during the period. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Company Profile

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.