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

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.