Eagle Materials (EXP) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Eagle Materials (NYSE:EXP) from a sell rating to a hold rating in a research note published on Saturday.

Other research analysts have also issued research reports about the company. Citigroup reduced their price target on Eagle Materials from $111.00 to $79.00 and set a buy rating on the stock in a research note on Thursday, January 3rd. DA Davidson raised their price objective on Eagle Materials to $90.00 and gave the company a buy rating in a research report on Wednesday, January 2nd. Zacks Investment Research raised Eagle Materials from a strong sell rating to a hold rating in a research report on Tuesday, March 5th. Finally, Northcoast Research downgraded Eagle Materials from a buy rating to a neutral rating in a research note on Friday, January 25th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Eagle Materials presently has an average rating of Buy and an average target price of $106.88.

EXP opened at $78.09 on Friday. The company has a quick ratio of 0.87, a current ratio of 2.26 and a debt-to-equity ratio of 0.42. Eagle Materials has a 52 week low of $57.00 and a 52 week high of $115.75. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 18.50, a P/E/G ratio of 2.09 and a beta of 1.35.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, January 29th. The construction company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.06). The firm had revenue of $333.30 million during the quarter, compared to analyst estimates of $357.08 million. Eagle Materials had a return on equity of 17.49% and a net margin of 16.77%. The business’s revenue was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.08 EPS. On average, equities research analysts expect that Eagle Materials will post 5.07 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 12th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.51%. The ex-dividend date is Thursday, April 11th. Eagle Materials’s payout ratio is presently 9.48%.

In other Eagle Materials news, Director Ed H. Bowman, Jr. sold 2,591 shares of the business’s stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $71.35, for a total transaction of $184,867.85. Following the completion of the transaction, the director now owns 12,977 shares of the company’s stock, valued at approximately $925,908.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.70% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the company. First Trust Advisors LP grew its stake in Eagle Materials by 616.4% during the third quarter. First Trust Advisors LP now owns 66,867 shares of the construction company’s stock worth $5,700,000 after buying an additional 57,533 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in Eagle Materials in the third quarter worth $392,000. Wells Fargo & Company MN raised its holdings in Eagle Materials by 83.5% in the third quarter. Wells Fargo & Company MN now owns 1,324,576 shares of the construction company’s stock worth $112,908,000 after purchasing an additional 602,571 shares during the period. Commerce Bank increased its position in shares of Eagle Materials by 5.5% during the third quarter. Commerce Bank now owns 15,620 shares of the construction company’s stock worth $1,331,000 after acquiring an additional 814 shares in the last quarter. Finally, ING Groep NV bought a new stake in shares of Eagle Materials during the third quarter worth $504,000. Institutional investors own 95.24% of the company’s stock.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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Analyst Recommendations for Eagle Materials (NYSE:EXP)

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