EXP Stock Summary and Trading Ideas (Eagle Materials | NYSE:EXP)

Eagle Materials Inc produces and sells construction products and building materials. Construction products include cement, slag, concrete, and aggregates and building materials include gypsum wallboard, and are sold to the construction and building industries. Basic materials used for oil and natural gas extraction include frac sand and oil well cement. The firm organizes itself 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.

Eagle Materials trades on the NYSE stock market under the symbol EXP.

As of May 10, 2024, EXP stock price climbed to $269.15 with 190,247 million shares trading.

EXP has a beta of 1.92, meaning it tends to be more sensitive to market movements. EXP has a correlation of 0.56 to the broad based SPY ETF.

EXP has a market cap of $9.28 billion. This is considered a Mid Cap stock.

Last quarter Eagle Materials reported $559 million in Revenue and $3.72 earnings per share. This beat revenue expectation by $22 million and exceeded earnings estimates by $.17.

In the last 3 years, EXP stock traded as high as $272.72 and as low as $101.98.

The top ETF exchange traded funds that EXP belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

EXP has outperformed the market in the last year with a price return of +70.0% while the SPY ETF gained +27.8%. EXP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +10.8% and +4.9%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

EXP support price is $262.01 and resistance is $272.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EXP stock will trade within this expected range on the day.