Eagle Materials (NYSE:EXP) Receives “Underweight” Rating from JPMorgan Chase & Co.

Eagle Materials (NYSE:EXP)‘s stock had its “underweight” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research report issued on Monday,Benzinga reports. They presently have a $215.00 target price on the construction company’s stock, down from their previous target price of $230.00. JPMorgan Chase & Co.‘s price target suggests a potential downside of 8.50% from the stock’s current price.

Several other research analysts have also recently issued reports on EXP. Weiss Ratings reissued a “hold (c+)” rating on shares of Eagle Materials in a report on Monday, December 29th. Citigroup dropped their target price on Eagle Materials from $232.00 to $224.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 3rd. Stephens reissued an “equal weight” rating and set a $245.00 target price on shares of Eagle Materials in a research note on Tuesday, January 20th. Wall Street Zen cut Eagle Materials from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Finally, Zacks Research lowered Eagle Materials from a “hold” rating to a “strong sell” rating in a report on Monday, February 2nd. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Eagle Materials currently has an average rating of “Hold” and a consensus target price of $230.40.

Eagle Materials Price Performance

Eagle Materials stock opened at $234.97 on Monday. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.27 and a quick ratio of 2.68. The business has a 50 day simple moving average of $221.58 and a 200-day simple moving average of $224.47. Eagle Materials has a 12 month low of $191.91 and a 12 month high of $258.86. The stock has a market capitalization of $7.39 billion, a PE ratio of 17.79 and a beta of 1.38.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Thursday, January 29th. The construction company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.32 by ($0.10). The firm had revenue of $555.96 million during the quarter, compared to analyst estimates of $556.41 million. Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The business’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.59 earnings per share. Equities analysts predict that Eagle Materials will post 14.39 earnings per share for the current year.

Institutional Trading of Eagle Materials

Large investors have recently bought and sold shares of the company. Park Avenue Securities LLC boosted its position in shares of Eagle Materials by 1.5% in the 3rd quarter. Park Avenue Securities LLC now owns 2,962 shares of the construction company’s stock worth $690,000 after buying an additional 45 shares in the last quarter. Sheets Smith Wealth Management raised its position in Eagle Materials by 1.8% during the third quarter. Sheets Smith Wealth Management now owns 2,799 shares of the construction company’s stock worth $652,000 after acquiring an additional 49 shares during the last quarter. Caisse de depot et placement du Quebec lifted its holdings in shares of Eagle Materials by 3.6% in the third quarter. Caisse de depot et placement du Quebec now owns 1,426 shares of the construction company’s stock valued at $332,000 after purchasing an additional 50 shares in the last quarter. Signaturefd LLC grew its position in shares of Eagle Materials by 15.8% in the fourth quarter. Signaturefd LLC now owns 389 shares of the construction company’s stock valued at $80,000 after purchasing an additional 53 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Eagle Materials by 20.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 326 shares of the construction company’s stock worth $76,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

About Eagle Materials

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.