Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Eagle Materials Inc before investing.

In this article, we go over a few key elements for understanding Eagle Materials Inc’s stock price such as:

• Eagle Materials Inc’s current stock price and volume
• Why Eagle Materials Inc’s stock price changed recently
• Upgrades and downgrades for EXP from analysts
• EXP’s stock price momentum as measured by its relative strength

About Eagle Materials Inc (EXP)

Before we jump into Eagle Materials Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Eagle Materials Inc. is a manufacturer of heavy construction materials and light building materials in the United States. The Company manufactures and distributes Portland Cement, Gypsum Wallboard, and Concrete and Aggregates from more than 70 facilities across the United States. 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. Its primary products are commodities that are essential in commercial and residential construction; public construction projects; and projects to build, expand, and repair roads and highways. It operates approximately eight modern cement plants, one slag grinding facility and 30 cement distribution terminals. The Company operates over 25 ready-mix concrete batch plants, five aggregate processing plants, five gypsum wallboard plants and a recycled paperboard mill.

Want to learn more about Eagle Materials Inc’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about Eagle Materials Inc.

What Caused Eagle Materials Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 30, 2024, there were 3 analysts who downgraded Eagle Materials Inc’s stock and 6 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Eagle Materials Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Eagle Materials Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Eagle Materials Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Eagle Materials Inc (EXP) by visiting AAII Stock Evaluator.

Relative Price Strength of Eagle Materials Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 30, 2024, Eagle Materials Inc has a weighted four-quarter relative price strength of 3.86%, which translates to a Momentum Score of 77 and is considered to be Strong.

Want to learn more about how Eagle Materials Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Eagle Materials Inc Stock Price: Bottom Line

As of September 3, 2024, Eagle Materials Inc’s stock price is $244.71, which is down 5.06% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Eagle Materials Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.