Recent Analysts’ Ratings Updates for Eagle Materials (EXP)

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Eagle Materials (NYSE: EXP) has recently received a number of price target changes and ratings updates:

  • 4/9/2019 – Eagle Materials was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Eagle Materials Inc. manufactures and distributes Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants from more than 75 facilities across the US. The Company’s Cement and Concrete and Aggregates segments participate in the construction products sector; Gypsum Wallboard and Recycled Paperboard segments participate in the building materials sector; and Oil and Gas Proppants segment participates in the oil and gas exploration sector. Eagle Materials manufactures and distributes concrete and aggregates products that are used in highway construction and maintenance and to construct residential and commercial buildings. Eagle operates aggregates quarries and concrete plants in central Texas, northern California, Kansas and Missouri. Eagle Materials is committed to building a low delivered-cost Northern white sand supply system for the energy sector. “
  • 4/5/2019 – Eagle Materials was upgraded by analysts at Raymond James from a “market perform” rating to an “outperform” rating. They now have a $95.00 price target on the stock.
  • 4/3/2019 – Eagle Materials is now covered by analysts at Berenberg Bank. They set a “buy” rating and a $103.00 price target on the stock.
  • 4/2/2019 – Eagle Materials was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Eagle Materials Inc. manufactures and distributes Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants from more than 75 facilities across the US. The Company’s Cement and Concrete and Aggregates segments participate in the construction products sector; Gypsum Wallboard and Recycled Paperboard segments participate in the building materials sector; and Oil and Gas Proppants segment participates in the oil and gas exploration sector. Eagle Materials manufactures and distributes concrete and aggregates products that are used in highway construction and maintenance and to construct residential and commercial buildings. Eagle operates aggregates quarries and concrete plants in central Texas, northern California, Kansas and Missouri. Eagle Materials is committed to building a low delivered-cost Northern white sand supply system for the energy sector. “
  • 4/2/2019 – Eagle Materials was downgraded by analysts at DA Davidson from a “buy” rating to a “neutral” rating. They now have a $83.50 price target on the stock.
  • 4/2/2019 – Eagle Materials was given a new $100.00 price target on by analysts at Macquarie. They now have a “buy” rating on the stock.
  • 4/1/2019 – Eagle Materials had its price target raised by analysts at Citigroup Inc from $84.00 to $87.00. They now have a “buy” rating on the stock.
  • 3/30/2019 – Eagle Materials was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 3/25/2019 – Eagle Materials is now covered by analysts at SunTrust Banks, Inc.. They set a “buy” rating on the stock.
  • 3/21/2019 – Eagle Materials is now covered by analysts at JPMorgan Chase & Co.. They set a “neutral” rating and a $85.00 price target on the stock.
  • 3/14/2019 – Eagle Materials was downgraded by analysts at Longbow Research from a “buy” rating to a “neutral” rating.
  • 3/11/2019 – Eagle Materials was upgraded by analysts at Jefferies Financial Group Inc from an “underweight” rating to a “market weight” rating.
  • 3/9/2019 – Eagle Materials was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 3/5/2019 – Eagle Materials was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Eagle Materials Inc. manufactures and distributes Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants from more than 75 facilities across the US. The Company’s Cement and Concrete and Aggregates segments participate in the construction products sector; Gypsum Wallboard and Recycled Paperboard segments participate in the building materials sector; and Oil and Gas Proppants segment participates in the oil and gas exploration sector. Eagle Materials manufactures and distributes concrete and aggregates products that are used in highway construction and maintenance and to construct residential and commercial buildings. Eagle operates aggregates quarries and concrete plants in central Texas, northern California, Kansas and Missouri. Eagle Materials is committed to building a low delivered-cost Northern white sand supply system for the energy sector. “

Eagle Materials stock traded up $0.13 during trading hours on Monday, hitting $86.25. The stock had a trading volume of 275,227 shares, compared to its average volume of 783,949. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.87 and a current ratio of 2.26. The stock has a market capitalization of $3.88 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 1.82 and a beta of 1.34. Eagle Materials, Inc. has a 12-month low of $57.00 and a 12-month high of $115.75.

Eagle Materials (NYSE:EXP) last issued its earnings results on Tuesday, January 29th. The construction company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.06). The firm had revenue of $333.30 million during the quarter, compared to analysts’ expectations of $357.08 million. Eagle Materials had a return on equity of 17.49% and a net margin of 16.77%. The firm’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period last year, the firm posted $2.08 earnings per share. As a group, equities research analysts forecast that Eagle Materials, Inc. will post 5.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 12th will be issued a $0.10 dividend. The ex-dividend date is Thursday, April 11th. This represents a $0.40 annualized dividend and a yield of 0.46%. Eagle Materials’s dividend payout ratio (DPR) is presently 9.48%.

In other Eagle Materials news, Director Ed H. Bowman, Jr. sold 2,591 shares of Eagle Materials stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $71.35, for a total value of $184,867.85. Following the completion of the transaction, the director now directly owns 12,977 shares of the company’s stock, valued at $925,908.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. Flagship Harbor Advisors LLC bought a new stake in Eagle Materials during the fourth quarter valued at approximately $35,000. Amundi Pioneer Asset Management Inc. bought a new stake in Eagle Materials during the fourth quarter valued at approximately $95,000. Cerebellum GP LLC increased its position in Eagle Materials by 10.4% during the fourth quarter. Cerebellum GP LLC now owns 2,373 shares of the construction company’s stock valued at $145,000 after acquiring an additional 223 shares during the last quarter. Sun Life Financial INC bought a new position in shares of Eagle Materials in the fourth quarter worth about $151,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Eagle Materials by 11.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 3,268 shares of the construction company’s stock worth $199,000 after purchasing an additional 329 shares during the last quarter. 95.68% of the stock is owned by institutional investors and hedge funds.

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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