Eagle Materials (EXP) Stock Rating Upgraded by Jefferies Financial Group

Jefferies Financial Group upgraded shares of Eagle Materials (NYSE:EXP) from an underweight rating to a market weight rating in a report published on Monday, The Fly reports.

A number of other brokerages also recently commented on EXP. ValuEngine upgraded shares of Eagle Materials from a sell rating to a hold rating in a research report on Saturday, March 9th. DA Davidson upped their price objective on shares of Eagle Materials to $90.00 and gave the stock a buy rating in a research report on Wednesday, January 2nd. Northcoast Research downgraded shares of Eagle Materials from a buy rating to a neutral rating in a research report on Friday, January 25th. Zacks Investment Research upgraded shares of Eagle Materials from a strong sell rating to a hold rating in a research report on Tuesday, March 5th. Finally, Citigroup cut their price objective on shares of Eagle Materials from $111.00 to $79.00 and set a buy rating for the company in a research report on Thursday, January 3rd. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Eagle Materials has a consensus rating of Buy and an average price target of $106.88.

EXP stock opened at $71.63 on Monday. Eagle Materials has a 12 month low of $57.00 and a 12 month high of $115.75. The firm has a market capitalization of $3.50 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 1.99 and a beta of 1.33. The company has a quick ratio of 0.87, a current ratio of 2.26 and a debt-to-equity ratio of 0.42.



Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Tuesday, January 29th. The construction company reported $1.24 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.06). Eagle Materials had a net margin of 16.77% and a return on equity of 17.49%. The business had revenue of $333.30 million during the quarter, compared to analysts’ expectations of $357.08 million. During the same quarter last year, the company earned $2.08 EPS. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. On average, equities research analysts forecast that Eagle Materials will post 5.1 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 12th will be issued a $0.10 dividend. The ex-dividend date is Thursday, April 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.56%. Eagle Materials’s dividend payout ratio is presently 9.48%.

In other news, Director Ed H. Bowman, Jr. sold 2,591 shares of the stock in a transaction dated Thursday, January 31st. The shares were sold at an average price of $71.35, for a total value of $184,867.85. Following the completion of the transaction, the director now owns 12,977 shares in the company, valued at approximately $925,908.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in EXP. Flagship Harbor Advisors LLC acquired a new stake in Eagle Materials in the 4th quarter valued at about $35,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Eagle Materials in the 4th quarter valued at about $95,000. Cerebellum GP LLC grew its stake in Eagle Materials by 10.4% in the 4th quarter. Cerebellum GP LLC now owns 2,373 shares of the construction company’s stock valued at $145,000 after acquiring an additional 223 shares during the last quarter. Sun Life Financial INC acquired a new stake in Eagle Materials in the 4th quarter valued at about $151,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in Eagle Materials by 11.2% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 3,268 shares of the construction company’s stock valued at $199,000 after acquiring an additional 329 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

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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