Eagle Materials (EXP) Upgraded by TheStreet to “B-“

Eagle Materials (NYSE:EXP) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Monday, TheStreetRatingsTable reports.

Several other research analysts also recently commented on EXP. JPMorgan Chase & Co. assumed coverage on Eagle Materials in a research note on Thursday, March 21st. They issued a “neutral” rating and a $85.00 price objective for the company. Jefferies Financial Group raised Eagle Materials from an “underweight” rating to a “market weight” rating in a research note on Monday, March 11th. ValuEngine raised Eagle Materials from a “sell” rating to a “hold” rating in a research note on Saturday, March 9th. Citigroup reduced their price objective on Eagle Materials from $111.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, January 3rd. Finally, DA Davidson increased their price objective on Eagle Materials to $90.00 and gave the company a “buy” rating in a research note on Wednesday, January 2nd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $103.14.

Shares of NYSE:EXP opened at $86.60 on Monday. Eagle Materials has a 1 year low of $57.00 and a 1 year high of $115.75. The company has a market cap of $3.96 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.86 and a beta of 1.34. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.87 and a current ratio of 2.26.

Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, January 29th. The construction company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $357.08 million. During the same quarter last year, the business earned $2.08 EPS. The company’s quarterly revenue was down 7.3% on a year-over-year basis. Sell-side analysts expect that Eagle Materials will post 5.09 EPS for the current fiscal year.

In other Eagle Materials news, Director Ed H. Bowman, Jr. sold 2,591 shares of the firm’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $71.35, for a total value of $184,867.85. Following the completion of the sale, the director now directly owns 12,977 shares of the company’s stock, valued at approximately $925,908.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.70% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of EXP. Credit Suisse AG increased its stake in shares of Eagle Materials by 4.6% in the 3rd quarter. Credit Suisse AG now owns 46,599 shares of the construction company’s stock worth $3,971,000 after acquiring an additional 2,033 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Eagle Materials by 12.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 466,996 shares of the construction company’s stock worth $39,806,000 after acquiring an additional 52,527 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Eagle Materials in the 3rd quarter worth $30,635,000. The Manufacturers Life Insurance Company increased its stake in shares of Eagle Materials by 3.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 79,223 shares of the construction company’s stock worth $6,753,000 after acquiring an additional 2,391 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Eagle Materials by 12.5% in the 3rd quarter. Pacer Advisors Inc. now owns 17,070 shares of the construction company’s stock worth $1,455,000 after acquiring an additional 1,892 shares during the last quarter. 95.64% of the stock is owned by institutional investors and hedge funds.

About Eagle Materials

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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