Eagle Materials (NYSE:EXP) Given New $231.00 Price Target at Wells Fargo & Company

Eagle Materials (NYSE:EXP) had its target price trimmed by Wells Fargo & Company from $240.00 to $231.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the construction company’s stock.

EXP has been the topic of a number of other reports. Zacks Research cut shares of Eagle Materials from a “strong-buy” rating to a “hold” rating in a report on Monday. Jefferies Financial Group reiterated a “hold” rating and set a $200.00 price target on shares of Eagle Materials in a research note on Wednesday, May 20th. Wall Street Zen raised shares of Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Citigroup lifted their price objective on shares of Eagle Materials from $217.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, JPMorgan Chase & Co. raised shares of Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 target price for the company in a report on Tuesday, June 2nd. One analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Eagle Materials has an average rating of “Hold” and an average price target of $223.44.

Eagle Materials Trading Down 1.7%

EXP opened at $206.41 on Thursday. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 16.32 and a beta of 1.37. Eagle Materials has a 52 week low of $171.99 and a 52 week high of $245.53. The business’s 50 day moving average is $215.04 and its two-hundred day moving average is $210.81. The company has a quick ratio of 2.09, a current ratio of 3.23 and a debt-to-equity ratio of 1.24.

Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Wednesday, July 29th. The construction company reported $3.29 earnings per share for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). The firm had revenue of $650.97 million during the quarter, compared to analysts’ expectations of $620.35 million. Eagle Materials had a net margin of 17.32% and a return on equity of 26.87%. Eagle Materials’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.76 EPS. On average, research analysts predict that Eagle Materials will post 12.9 EPS for the current year.

Eagle Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, June 15th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. Eagle Materials’s payout ratio is presently 7.62%.

Institutional Investors Weigh In On Eagle Materials

Several large investors have recently modified their holdings of EXP. Baupost Group LLC MA grew its position in Eagle Materials by 26.1% in the 4th quarter. Baupost Group LLC MA now owns 1,185,248 shares of the construction company’s stock valued at $244,967,000 after buying an additional 245,588 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Eagle Materials by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 627,427 shares of the construction company’s stock worth $118,846,000 after buying an additional 16,782 shares during the last quarter. Black Creek Investment Management Inc. purchased a new position in Eagle Materials during the 4th quarter worth $103,778,000. Norges Bank acquired a new stake in shares of Eagle Materials in the 4th quarter worth $90,147,000. Finally, Invesco Ltd. lifted its stake in shares of Eagle Materials by 4.6% in the 3rd quarter. Invesco Ltd. now owns 363,508 shares of the construction company’s stock worth $84,712,000 after acquiring an additional 15,899 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Key Headlines Impacting Eagle Materials

Here are the key news stories impacting Eagle Materials this week:

• Positive Sentiment: Revenue reached a record $651.0 million, up 3% year over year and above Wall Street expectations. Heavy Materials revenue increased 8%, while cement sales volume rose 8% to a record 2.1 million tons. Eagle Materials Reports First Quarter Results
• Positive Sentiment: Eagle Materials generated $154 million in operating cash flow and repurchased approximately $84 million of stock, or 406,500 shares, signaling continued capital returns and management confidence. Eagle Materials Q1 Revenue Rises to Record $651 Million
• Neutral Sentiment: Wells Fargo lowered its price target from $240 to $231 but retained an Overweight rating, implying approximately 11.9% potential upside based on the referenced price. The reduced target reflects more cautious expectations rather than a bearish rating.
• Negative Sentiment: Diluted EPS fell 13% year over year to $3.29, below the commonly cited consensus estimate of $3.37. Net earnings declined 17% to $102.1 million and adjusted EBITDA dropped 11% to $190.5 million, raising concerns about margins and operating costs. Eagle Materials Fiscal First Quarter Earnings
• Negative Sentiment: Light Materials revenue decreased 5%, and gypsum wallboard sales volume fell 2% to 772 million square feet. Zacks Research also downgraded EXP from “strong buy” to “hold,” adding to the near-term pressure on the 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.