Eagle Materials (NYSE:EXP) Rating Increased to Hold at Royal Bank Of Canada

Eagle Materials (NYSE:EXP) was upgraded by stock analysts at Royal Bank Of Canada to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other research firms have also issued reports on EXP. Stephens reaffirmed an “equal weight” rating and set a $245.00 price target on shares of Eagle Materials in a research report on Tuesday, January 20th. Stifel Nicolaus set a $246.00 price objective on shares of Eagle Materials in a research note on Monday, October 27th. Truist Financial reaffirmed a “hold” rating and issued a $210.00 target price (down from $280.00) on shares of Eagle Materials in a report on Friday, December 19th. Wall Street Zen cut Eagle Materials from a “hold” rating to a “sell” rating in a report on Saturday, January 31st. Finally, Wells Fargo & Company lowered their price target on Eagle Materials from $251.00 to $241.00 and set an “overweight” rating on the stock in a research report on Thursday, January 29th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Eagle Materials presently has an average rating of “Hold” and an average price target of $228.36.

Eagle Materials Stock Performance

Shares of NYSE EXP opened at $231.93 on Tuesday. The stock has a 50 day moving average price of $222.86 and a 200 day moving average price of $224.90. Eagle Materials has a 52 week low of $191.91 and a 52 week high of $243.64. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 4.27. The stock has a market capitalization of $7.29 billion, a PE ratio of 17.56 and a beta of 1.38.

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

Hedge Funds Weigh In On Eagle Materials

Several institutional investors and hedge funds have recently made changes to their positions in EXP. Virtu Financial LLC acquired a new stake in Eagle Materials during the 4th quarter worth approximately $1,634,000. Corient Private Wealth LLC increased its position in Eagle Materials by 36.2% during the 4th quarter. Corient Private Wealth LLC now owns 1,820 shares of the construction company’s stock worth $379,000 after buying an additional 484 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Eagle Materials by 141.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 5,136 shares of the construction company’s stock worth $1,062,000 after buying an additional 3,012 shares in the last quarter. State of Tennessee Department of Treasury lifted its holdings in shares of Eagle Materials by 4.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 12,436 shares of the construction company’s stock worth $2,535,000 after buying an additional 483 shares in the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in shares of Eagle Materials in the fourth quarter valued at about $223,000. 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.