ValuEngine downgraded shares of Eagle Materials (NYSE:EXP) from a hold rating to a sell rating in a report released on Thursday, ValuEngine reports.

A number of other research analysts also recently commented on the stock. SunTrust Banks set a $95.00 price objective on shares of Eagle Materials and gave the company a buy rating in a research report on Wednesday, July 31st. Raymond James downgraded shares of Eagle Materials from an outperform rating to a market perform rating in a research report on Wednesday, July 31st. Zacks Investment Research downgraded shares of Eagle Materials from a buy rating to a hold rating in a research report on Wednesday, July 3rd. BNP Paribas began coverage on shares of Eagle Materials in a research report on Wednesday. They set an outperform rating on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Eagle Materials from $95.00 to $85.00 and set a neutral rating on the stock in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $95.42.

Shares of EXP opened at $90.46 on Thursday. The company’s 50 day moving average price is $86.98 and its 200 day moving average price is $86.77. Eagle Materials has a 52 week low of $57.00 and a 52 week high of $93.18. The company has a market capitalization of $3.79 billion, a PE ratio of 17.91, a PEG ratio of 1.73 and a beta of 1.25. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.05 and a current ratio of 2.42.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.13 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.27). Eagle Materials had a net margin of 3.20% and a return on equity of 17.21%. The company had revenue of $370.60 million for the quarter, compared to analysts’ expectations of $376.95 million. During the same period in the previous year, the firm posted $1.38 earnings per share. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, equities analysts forecast that Eagle Materials will post 5.22 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 4th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Thursday, October 3rd. Eagle Materials’s dividend payout ratio is 7.92%.

In related news, insider Keith W. Metcalf sold 10,980 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $81.33, for a total transaction of $893,003.40. Following the completion of the sale, the insider now directly owns 58,087 shares of the company’s stock, valued at approximately $4,724,215.71. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Keith W. Metcalf sold 3,836 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $92.00, for a total transaction of $352,912.00. Following the sale, the insider now directly owns 39,610 shares of the company’s stock, valued at $3,644,120. The disclosure for this sale can be found here. Insiders sold 59,630 shares of company stock valued at $5,077,899 over the last three months. Insiders own 2.20% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC boosted its holdings in shares of Eagle Materials by 5.2% during the 2nd quarter. Advisory Services Network LLC now owns 3,000 shares of the construction company’s stock worth $278,000 after buying an additional 149 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Eagle Materials by 4.0% during the 2nd quarter. AQR Capital Management LLC now owns 5,388 shares of the construction company’s stock worth $490,000 after buying an additional 205 shares during the period. LPL Financial LLC boosted its holdings in shares of Eagle Materials by 14.0% during the 2nd quarter. LPL Financial LLC now owns 2,820 shares of the construction company’s stock worth $261,000 after buying an additional 346 shares during the period. Emerald Advisers LLC boosted its holdings in shares of Eagle Materials by 5.1% during the 2nd quarter. Emerald Advisers LLC now owns 8,802 shares of the construction company’s stock worth $816,000 after buying an additional 429 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Eagle Materials by 7.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,192 shares of the construction company’s stock worth $759,000 after buying an additional 556 shares during the period. 97.87% of the stock is owned by institutional investors and hedge funds.

Eagle Materials Company Profile

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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Analyst Recommendations for Eagle Materials (NYSE:EXP)

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