Eagle Materials Inc. (EXP) Rating Lowered to Hold at Standpoint Research
Eagle Materials Inc. (NYSE:EXP) was downgraded by stock analysts at Standpoint Research from a “buy” rating to a “hold” rating in a report released on Wednesday.
A number of other analysts have also commented on the stock. Zacks Investment Research lowered shares of Eagle Materials from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th. CL King upgraded shares of Eagle Materials from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 4th. Finally, DA Davidson reduced their price target on shares of Eagle Materials from $100.00 to $92.00 and set a “buy” rating for the company in a research note on Tuesday, July 26th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Eagle Materials currently has a consensus rating of “Buy” and a consensus target price of $85.00.
Shares of Eagle Materials (NYSE:EXP) opened at 95.37 on Wednesday. The company’s 50-day moving average is $79.72 and its 200-day moving average is $79.12. Eagle Materials has a 12-month low of $45.03 and a 12-month high of $97.05. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 24.54 and a beta of 1.31.
Eagle Materials (NYSE:EXP) last announced its quarterly earnings results on Monday, October 24th. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by $0.05. Eagle Materials had a return on equity of 17.96% and a net margin of 16.43%. The company earned $332.70 million during the quarter, compared to the consensus estimate of $344.65 million. During the same quarter in the prior year, the firm earned $1.11 earnings per share. The business’s revenue was up 1.1% compared to the same quarter last year. Equities research analysts predict that Eagle Materials will post $4.16 earnings per share for the current year.
In other Eagle Materials news, SVP William R. Devlin sold 7,000 shares of Eagle Materials stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $92.00, for a total transaction of $644,000.00. Following the transaction, the senior vice president now owns 51,405 shares of the company’s stock, valued at $4,729,260. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Keith W. Metcalf sold 15,775 shares of Eagle Materials stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $83.01, for a total transaction of $1,309,482.75. Following the transaction, the insider now directly owns 52,376 shares in the company, valued at approximately $4,347,731.76. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of EXP. BlackRock Group LTD increased its position in shares of Eagle Materials by 21.6% in the first quarter. BlackRock Group LTD now owns 35,848 shares of the company’s stock valued at $2,513,000 after buying an additional 6,357 shares in the last quarter. State Street Corp increased its position in shares of Eagle Materials by 4.5% in the first quarter. State Street Corp now owns 1,711,658 shares of the company’s stock valued at $119,993,000 after buying an additional 74,038 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Eagle Materials by 10.6% in the first quarter. Geode Capital Management LLC now owns 310,633 shares of the company’s stock valued at $21,778,000 after buying an additional 29,791 shares in the last quarter. Prudential PLC purchased a new position in shares of Eagle Materials during the first quarter valued at $3,942,000. Finally, Kennedy Capital Management Inc. purchased a new position in shares of Eagle Materials during the first quarter valued at $1,470,000. 91.66% of the stock is currently owned by institutional investors and hedge funds.
Eagle Materials Company Profile
Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.
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