Eagle Materials Inc. shares fell 5.01% as the stock hit a 5-day low amid broader market declines, with the Nasdaq-100 down 1.03% and the S&P 500 down 0.51%.
Despite the stock's decline, Eagle Materials reported strong Q3 fiscal 2026 results, with revenue of $556 million, an 11% year-over-year increase, and net earnings of $102.9 million, or $3.22 per share. The company demonstrated robust profitability driven by higher sales volumes in cement and aggregates, supported by public infrastructure spending, although it faced challenges in the residential construction market. Additionally, the company returned nearly $150 million to shareholders through dividends and share repurchases, reflecting its commitment to shareholder value.
The strong financial performance indicates resilience in a competitive market, but the stock's decline suggests that investor sentiment may be influenced by broader market conditions rather than the company's solid results.
Wall Street analysts forecast EXP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EXP is 231.29 USD with a low forecast of 210.00 USD and a high forecast of 251.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
Wall Street analysts forecast EXP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EXP is 231.29 USD with a low forecast of 210.00 USD and a high forecast of 251.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
6 Hold
0 Sell
Hold
Current: 211.970
Low
210.00
Averages
231.29
High
251.00
Current: 211.970
Low
210.00
Averages
231.29
High
251.00
Wells Fargo
Overweight
downgrade
$251 -> $241
2026-01-29
New
Reason
Wells Fargo
Price Target
$251 -> $241
AI Analysis
2026-01-29
New
downgrade
Overweight
Reason
Wells Fargo lowered the firm's price target on Eagle Materials to $241 from $251 and keeps an Overweight rating on the shares. The firm remains selective in its building mats recommendations, preferring early-cycle exposure as Wells anticipates some housing/remodeling recovery.
Stephens
Overweight -> Equal Weight
downgrade
$245
2026-01-20
Reason
Stephens
Price Target
$245
2026-01-20
downgrade
Overweight -> Equal Weight
Reason
Stephens downgraded Eagle Materials to Equal Weight from Overweight with an unchanged price target of $245. The firm expects soft residential demand to continue in calendar year 2026, driving prolonged sub-80% wallboard industry utilization and likely putting slight pressure on WB pricing, says the analyst. With expectations for continued soft demand and lackluster pricing, combined with the stock approaching the firm's price target, the firm is moving to the sidelines for now, the analyst added.
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Citi
Neutral
maintain
$233 -> $232
2026-01-08
Reason
Citi
Price Target
$233 -> $232
2026-01-08
maintain
Neutral
Reason
Citi lowered the firm's price target on Eagle Materials to $232 from $233 and keeps a Neutral rating on the shares. The firm updated estimates and targets in the homebuilding and building products group as part of its 2026 outlook. Citi continues to prefer heavy construction materials with exposure to infrastructure over the residential exposed names.
Truist
Buy
to
Hold
downgrade
$280 -> $210
2025-12-19
Reason
Truist
Price Target
$280 -> $210
2025-12-19
downgrade
Buy
to
Hold
Reason
Truist downgraded Eagle Materials to Hold from Buy with a price target of $210, down from $280. The firm believes the wallboard market will see volume and price pressure in 2026. Eagle Materials shares will be held back by the wallboard backdrop relative to the company's cement and aggregate peers, the analyst tells investors in a research note. Truist says Eagle's current valuation on its new 2026 estimates is toward the top end of the historical ranges.
About EXP
Eagle Materials Inc. is a manufacturer of heavy construction materials and light building materials in the United States. Its primary products are Portland Cement and Gypsum Wallboard, which are used in building, expanding and repairing roads, highways and residential, commercial and industrial structures. Its segments include Cement; Concrete and Aggregates segments; Gypsum Wallboard, and Recycled Paperboard. Its business is organized into two sectors: Heavy Materials, which includes the Cement and Concrete and Aggregates segments; and Light Materials, which includes the Gypsum Wallboard and Recycled Paperboard segments. It manufactures and sells its products through a network of approximately 70 facilities spanning 21 states. It operates approximately eight cement plants, two slag grinding facilities and 30 cement distribution terminals. It operates over 25 ready-mix concrete batch plants, seven aggregate processing plants, five gypsum wallboard plants and a recycled paperboard mill.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
