Eagle Materials (NYSE:EXP) Stock Rating Lowered by Wall Street Zen

Eagle Materials (NYSE:EXP) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

A number of other research analysts also recently weighed in on EXP. Citigroup lifted their price target on Eagle Materials from $190.00 to $214.00 and gave the company a “neutral” rating in a report on Friday. JPMorgan Chase & Co. reduced their price objective on Eagle Materials from $225.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. Truist Financial decreased their price objective on Eagle Materials from $210.00 to $165.00 and set a “hold” rating for the company in a research report on Thursday, October 8th. Wells Fargo & Company raised their price objective on Eagle Materials from $188.00 to $189.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eagle Materials in a research note on Friday, September 11th. Ten analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Eagle Materials has an average rating of “Reduce” and a consensus target price of $193.33.

Eagle Materials Trading Up 0.1%

Eagle Materials stock opened at $186.27 on Friday. The company has a 50 day moving average price of $179.29 and a 200 day moving average price of $201.79. Eagle Materials has a 52 week low of $160.02 and a 52 week high of $245.53. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.95 and a current ratio of 3.29. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 15.46 and a beta of 1.29.

Eagle Materials (NYSE:EXP) last announced its earnings results on Wednesday, November 4th. The construction company reported $3.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.82 by ($0.19). The firm had revenue of $652.75 million for the quarter, compared to analyst estimates of $633.08 million. Eagle Materials had a net margin of 16.11% and a return on equity of 25.16%. Eagle Materials’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $4.23 earnings per share. Research analysts forecast that Eagle Materials will post 11.71 EPS for the current year.

Insider Transactions at Eagle Materials

In other Eagle Materials news, SVP Tony Thompson sold 3,074 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $203.96, for a total transaction of $626,973.04. Following the completion of the sale, the senior vice president owned 10,142 shares of the company’s stock, valued at $2,068,562.32. This represents a 23.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Eagle Materials

A number of institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. raised its stake in Eagle Materials by 47.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 36,476 shares of the construction company’s stock valued at $6,240,000 after purchasing an additional 11,755 shares during the last quarter. King Luther Capital Management Corp grew its position in Eagle Materials by 1.9% in the 3rd quarter. King Luther Capital Management Corp now owns 30,392 shares of the construction company’s stock worth $5,198,000 after purchasing an additional 579 shares during the last quarter. Magnolia Group LLC acquired a new stake in Eagle Materials in the 3rd quarter worth $4,403,000. Jefferies Financial Group Inc. grew its position in Eagle Materials by 103.4% in the 3rd quarter. Jefferies Financial Group Inc. now owns 23,600 shares of the construction company’s stock worth $4,036,000 after purchasing an additional 12,000 shares during the last quarter. Finally, M&G PLC increased its holdings in shares of Eagle Materials by 3.9% during the 3rd quarter. M&G PLC now owns 50,934 shares of the construction company’s stock worth $8,710,000 after purchasing an additional 1,909 shares during the period. Institutional investors own 96.07% of the company’s stock.

Eagle Materials Company Profile

Eagle Materials Inc is a U.S.-based producer of building materials used in residential, commercial and infrastructure construction. Its products include cement, ready-mixed concrete, aggregates, gypsum wallboard and recycled paperboard.

The company operates through businesses focused on cement and concrete products, gypsum wallboard, and paperboard. Its gypsum operations also produce materials used in wallboard finishing, while its paperboard business makes recycled paperboard used in packaging and other applications.

Headquartered in Dallas, Texas, Eagle Materials serves construction and industrial markets across the United States.