Stephens raises Eagle Materials stock price target to $200 on volume beat

Investing.com reports that Stephens has raised Eagle Materials Inc.'s stock price target to $200 from $190, while maintaining an Equal Weight rating. The company's second-quarter fiscal 2027 sales beat, driven by better-than-expected volume in cement, contributed to the price increase. Wallboard volume rose 7.4%, exceeding Stephens' flat year-over-year estimate and industry implied shipments.

However, EBITDA margin missed expectations due to higher freight, diesel, fuel, and raw material costs. The firm remains cautious due to broader residential end-market uncertainty.

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