Stifel Increases Eagle Materials (EXP) Price Target, Cites Strong Cement and Wallboard Growth

Eagle Materials Inc. (NYSE:EXP) ranks among the best mid-cap materials stocks to buy now. On July 30, Stifel maintained a Hold rating on Eagle Materials Inc. (NYSE:EXP) while increasing its price target to $246 from $241 after the building materials company’s quarterly earnings exceeded expectations

Stifel Increases Eagle Materials (EXP) Price Target, Cites Strong Cement and Wallboard Growth

Despite challenges from weather and housing during the June quarter, Eagle Materials Inc. (NYSE:EXP) reported first-quarter fiscal 2026 revenue of $635 million, above consensus estimates of $612 million.

The company’s cement division showed resilience, with volume up 2% and pricing being largely unchanged year-over-year. Stifel credited this to accelerating infrastructure wins in addition to Eagle’s solid footprint in housing markets.

Eagle Materials Inc. (NYSE:EXP) also showed notable growth in the wallboard market, with volumes up 4%, outpacing an industry decline of an estimated 6%.

Eagle Materials Inc. (NYSE:EXP) is a basic materials company that produces and markets light and heavy building materials. The company also engages in limestone mining in order to manufacture, produce, market, and sell Portland cement.

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Disclosure: None. This article is originally published at Insider Monkey.