Stephens downgraded shares of Eagle Materials Inc. (NYSE:EXP) from an overweight rating to an equal weight rating in a research report report published on Thursday morning.

EXP has been the topic of a number of other reports. CL King cut Eagle Materials from a strong-buy rating to a neutral rating in a research note on Tuesday, July 26th. DA Davidson cut their price target on Eagle Materials from $100.00 to $92.00 and set a buy rating on the stock in a research note on Tuesday, July 26th. Zacks Investment Research upgraded Eagle Materials from a hold rating to a buy rating and set a $96.00 price target on the stock in a research note on Tuesday, July 26th. Finally, Standpoint Research cut Eagle Materials from a buy rating to a hold rating in a research note on Wednesday, November 9th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Eagle Materials currently has a consensus rating of Buy and an average price target of $85.00.

Analyst Recommendations for Eagle Materials (NYSE:EXP)

Shares of Eagle Materials (NYSE:EXP) traded down 1.14% during mid-day trading on Thursday, hitting $91.83. The stock had a trading volume of 278,703 shares. The firm has a market cap of $4.43 billion, a PE ratio of 23.62 and a beta of 1.31. The firm has a 50 day moving average price of $81.92 and a 200 day moving average price of $79.83. Eagle Materials has a 52-week low of $45.03 and a 52-week high of $97.05.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Monday, October 24th. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by $0.05. The company earned $332.70 million during the quarter, compared to analyst estimates of $344.65 million. Eagle Materials had a net margin of 16.43% and a return on equity of 17.96%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.11 earnings per share. Equities analysts predict that Eagle Materials will post $4.16 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 20th. Shareholders of record on Friday, December 23rd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Wednesday, December 21st. Eagle Materials’s dividend payout ratio is presently 10.26%.

In other Eagle Materials news, insider Keith W. Metcalf sold 15,775 shares of Eagle Materials stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $83.01, for a total value of $1,309,482.75. Following the sale, the insider now owns 52,376 shares of the company’s stock, valued at approximately $4,347,731.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $644,000.00. Following the completion of the sale, the senior vice president now directly owns 51,405 shares in the company, valued at approximately $4,729,260. The disclosure for this sale can be found here. 5.50% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Eagle Materials during the third quarter valued at approximately $3,228,000. Ameritas Investment Partners Inc. raised its stake in shares of Eagle Materials by 95.6% in the third quarter. Ameritas Investment Partners Inc. now owns 14,732 shares of the company’s stock valued at $1,139,000 after buying an additional 7,200 shares during the period. Chartwell Investment Partners LLC raised its stake in shares of Eagle Materials by 8.3% in the third quarter. Chartwell Investment Partners LLC now owns 236,104 shares of the company’s stock valued at $18,251,000 after buying an additional 18,135 shares during the period. Mastrapasqua Asset Management Inc. purchased a new stake in shares of Eagle Materials during the third quarter valued at approximately $590,000. Finally, Gotham Asset Management LLC raised its stake in shares of Eagle Materials by 34.4% in the third quarter. Gotham Asset Management LLC now owns 294,114 shares of the company’s stock valued at $22,735,000 after buying an additional 75,209 shares during the period. 94.54% 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.

5 Day Chart for NYSE:EXP

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