Eagle Materials (NYSE:EXP) Stock Rating Lowered by Stephens

Eagle Materials (NYSE:EXP) was downgraded by analysts at Stephens from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the stock. Wells Fargo & Company dropped their price target on shares of Eagle Materials from $261.00 to $251.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Zacks Research raised shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Eagle Materials in a research report on Monday, December 29th. Citigroup cut their target price on shares of Eagle Materials from $233.00 to $232.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Finally, Truist Financial reaffirmed a “hold” rating and set a $210.00 price target (down previously from $280.00) on shares of Eagle Materials in a research report on Friday, December 19th. Two research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Eagle Materials has an average rating of “Hold” and a consensus price target of $235.20.

Eagle Materials Trading Down 2.5%

Shares of EXP opened at $226.06 on Tuesday. Eagle Materials has a one year low of $191.91 and a one year high of $265.42. The stock has a 50-day moving average price of $218.06 and a 200 day moving average price of $224.05. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.22 and a current ratio of 2.72. The company has a market capitalization of $7.25 billion, a P/E ratio of 16.68 and a beta of 1.36.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $4.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.35 by ($0.12). Eagle Materials had a return on equity of 30.13% and a net margin of 19.41%.The business had revenue of $638.91 million for the quarter, compared to analysts’ expectations of $635.55 million. During the same quarter in the prior year, the firm earned $4.31 earnings per share. Eagle Materials’s revenue for the quarter was up 2.5% compared to the same quarter last year. Sell-side analysts forecast that Eagle Materials will post 14.39 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director David E. Rush bought 1,000 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were bought at an average cost of $208.08 per share, for a total transaction of $208,080.00. Following the completion of the purchase, the director owned 4,173 shares of the company’s stock, valued at $868,317.84. This represents a 31.52% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is owned by corporate insiders.

Institutional Trading of Eagle Materials

A number of large investors have recently modified their holdings of EXP. Norges Bank acquired a new position in Eagle Materials during the 2nd quarter worth $87,626,000. Baupost Group LLC MA raised its stake in shares of Eagle Materials by 39.0% during the third quarter. Baupost Group LLC MA now owns 939,660 shares of the construction company’s stock valued at $218,978,000 after purchasing an additional 263,403 shares in the last quarter. American Century Companies Inc. lifted its holdings in Eagle Materials by 80.9% in the second quarter. American Century Companies Inc. now owns 521,276 shares of the construction company’s stock worth $105,356,000 after purchasing an additional 233,153 shares during the period. William Blair Investment Management LLC grew its position in Eagle Materials by 57.2% in the 2nd quarter. William Blair Investment Management LLC now owns 611,745 shares of the construction company’s stock valued at $123,640,000 after buying an additional 222,537 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Eagle Materials during the 3rd quarter valued at about $51,812,000. Institutional investors and hedge funds 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.