Eagle Materials (NYSE:EXP) Shares Gap Up After Strong Earnings

Posted by Brenda Bartman on May 19th, 2026

Eagle Materials Inc (NYSE:EXP – Get Free Report)’s share price gapped up prior to trading on Tuesday following a better than expected earnings announcement. The stock had previously closed at $196.63, but opened at $204.78. Eagle Materials shares last traded at $200.1670, with a volume of 135,974 shares trading hands.

The construction company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.34. Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. During the same period in the previous year, the company posted $2.00 earnings per share. The business’s revenue for the quarter was up 1.9% on a year-over-year basis.

Analyst Ratings Changes

A number of research analysts have weighed in on EXP shares. Zacks Research upgraded shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a research report on Monday, March 23rd. Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday. DA Davidson reduced their price target on Eagle Materials from $225.00 to $210.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Citigroup lowered their price target on Eagle Materials from $232.00 to $224.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. Finally, Wells Fargo & Company raised their price objective on Eagle Materials from $240.00 to $246.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $228.82.

Check Out Our Latest Analysis on Eagle Materials

Hedge Funds Weigh In On Eagle Materials

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caisse de depot et placement du Quebec increased its stake in shares of Eagle Materials by 3.6% during the third quarter. Caisse de depot et placement du Quebec now owns 1,426 shares of the construction company’s stock worth $332,000 after purchasing an additional 50 shares in the last quarter. Signaturefd LLC lifted its stake in Eagle Materials by 15.8% in the 4th quarter. Signaturefd LLC now owns 389 shares of the construction company’s stock valued at $80,000 after buying an additional 53 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Eagle Materials by 20.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 326 shares of the construction company’s stock valued at $76,000 after buying an additional 55 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Eagle Materials by 5.9% in the 4th quarter. GAMMA Investing LLC now owns 1,048 shares of the construction company’s stock worth $217,000 after buying an additional 58 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in Eagle Materials by 2.6% in the 4th quarter. M&T Bank Corp now owns 2,406 shares of the construction company’s stock worth $498,000 after buying an additional 61 shares during the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Trading Up 2.2%

The company has a 50 day simple moving average of $195.94 and a 200 day simple moving average of $211.00. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 4.27. The company has a market capitalization of $6.32 billion, a PE ratio of 15.27 and a beta of 1.38.

Eagle Materials Company Profile

(Get Free Report)

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.