Eagle Materials (NYSE:EXP) Rating Lowered to Hold at Zacks Research

Eagle Materials (NYSE:EXP) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

EXP has been the subject of several other research reports. Royal Bank Of Canada lifted their target price on shares of Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 20th. Stephens cut their price objective on shares of Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a report on Wednesday, May 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Eagle Materials in a research note on Tuesday, June 16th. JPMorgan Chase & Co. raised shares of Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 target price on the stock in a report on Tuesday, June 2nd. Finally, Jefferies Financial Group restated a “hold” rating and set a $200.00 target price on shares of Eagle Materials in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $226.00.

Eagle Materials Stock Up 2.1%

EXP stock opened at $221.30 on Monday. The stock has a fifty day moving average of $214.70 and a 200-day moving average of $211.10. Eagle Materials has a fifty-two week low of $171.99 and a fifty-two week high of $245.53. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 16.87 and a beta of 1.37. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.09 and a current ratio of 3.66.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $3.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). The firm had revenue of $650.97 million during the quarter, compared to the consensus estimate of $620.35 million. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. As a group, equities research analysts predict that Eagle Materials will post 12.9 earnings per share for the current year.

Hedge Funds Weigh In On Eagle Materials

Several hedge funds have recently bought and sold shares of the company. Clearstead Advisors LLC increased its holdings in Eagle Materials by 266.7% during the 4th quarter. Clearstead Advisors LLC now owns 132 shares of the construction company’s stock worth $27,000 after acquiring an additional 96 shares during the period. Los Angeles Capital Management LLC bought a new position in Eagle Materials in the 4th quarter valued at $29,000. IFP Advisors Inc boosted its holdings in Eagle Materials by 389.3% in the 4th quarter. IFP Advisors Inc now owns 137 shares of the construction company’s stock valued at $28,000 after purchasing an additional 109 shares during the period. Measured Wealth Private Client Group LLC bought a new position in Eagle Materials in the 3rd quarter valued at $34,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Eagle Materials by 102.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock valued at $35,000 after purchasing an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Eagle Materials Company Profile

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.