Wells Fargo & Company Forecasts Strong Price Appreciation for Eagle Materials (NYSE:EXP) Stock

Posted by Brian Himes on Nov 7th, 2026

Eagle Materials (NYSE:EXP – Get Free Report) had its price target lifted by stock analysts at Wells Fargo & Company from $188.00 to $189.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the construction company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 1.46% from the stock’s previous close.

Several other research firms have also recently weighed in on EXP. Zacks Research cut Eagle Materials from a “hold” rating to a “strong sell” rating in a research report on Friday, October 16th. Truist Financial decreased their target price on Eagle Materials from $210.00 to $165.00 and set a “hold” rating for the company in a research report on Thursday, October 8th. Citigroup lowered their target price on Eagle Materials from $232.00 to $190.00 and set a “neutral” rating on the stock in a research note on Friday, October 2nd. Stifel Nicolaus lowered their target price on Eagle Materials from $232.00 to $207.00 and set a “hold” rating on the stock in a research note on Wednesday, October 28th. Finally, Stephens boosted their price target on shares of Eagle Materials from $225.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Ten equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $193.33.

Check Out Our Latest Report on Eagle Materials

Eagle Materials Stock Performance

Shares of Eagle Materials stock traded down $2.97 during mid-day trading on Thursday, hitting $186.27. 379,014 shares of the stock were exchanged, compared to its average volume of 431,447. Eagle Materials has a 12 month low of $160.02 and a 12 month high of $245.53. The company has a 50-day simple moving average of $179.29 and a 200 day simple moving average of $201.79. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.91 and a current ratio of 3.23. The company has a market capitalization of $5.71 billion, a P/E ratio of 15.46 and a beta of 1.29.

Eagle Materials (NYSE:EXP – Get Free Report) last announced its earnings results on Wednesday, November 4th. The construction company reported $3.63 earnings per share for the quarter, missing analysts’ consensus estimates of $3.82 by ($0.19). The business had revenue of $652.75 million during the quarter, compared to analysts’ expectations of $633.08 million. Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%. Eagle Materials’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.23 EPS. Sell-side analysts anticipate that Eagle Materials will post 12.02 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Tony Thompson sold 3,074 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $203.96, for a total transaction of $626,973.04. Following the transaction, the senior vice president owned 10,142 shares of the company’s stock, valued at $2,068,562.32. This represents a 23.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC raised its stake in Eagle Materials by 4.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,782 shares of the construction company’s stock valued at $401,000 after acquiring an additional 82 shares during the period. GAMMA Investing LLC boosted its position in Eagle Materials by 9.0% during the second quarter. GAMMA Investing LLC now owns 1,015 shares of the construction company’s stock worth $228,000 after purchasing an additional 84 shares during the period. QRG Capital Management Inc. boosted its position in Eagle Materials by 7.0% during the first quarter. QRG Capital Management Inc. now owns 1,294 shares of the construction company’s stock worth $245,000 after purchasing an additional 85 shares during the period. HB Wealth Management LLC increased its stake in shares of Eagle Materials by 4.9% in the first quarter. HB Wealth Management LLC now owns 1,871 shares of the construction company’s stock worth $354,000 after purchasing an additional 87 shares in the last quarter. Finally, Covestor Ltd increased its stake in shares of Eagle Materials by 23.9% in the third quarter. Covestor Ltd now owns 519 shares of the construction company’s stock worth $89,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Company Profile

(Get Free Report)

Eagle Materials Inc (NYSE: EXP) is a U.S.-based manufacturer of building materials used in residential, commercial, infrastructure and industrial construction. The company’s principal products include cement, gypsum wallboard, concrete and aggregates.

Its cement business produces and distributes Portland cement and related cement products, while its gypsum wallboard business supplies panels used in interior construction. Eagle Materials also provides ready-mixed concrete and construction aggregates, including crushed stone, sand and gravel, for building and infrastructure projects.

The company traces its history to Centex Construction Products, which was spun off from Centex Corporation in 1994 and later adopted the Eagle Materials name.