Eagle Materials (NYSE:EXP) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Eagle Materials (NYSE:EXPGet Rating) from a sell rating to a hold rating in a research note released on Friday, Zacks.com reports.

According to Zacks, “Eagle Materials Inc. manufactures and distributes Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants from more than 75 facilities across the US. The Company’s Cement and Concrete and Aggregates segments participate in the construction products sector; Gypsum Wallboard and Recycled Paperboard segments participate in the building materials sector; and Oil and Gas Proppants segment participates in the oil and gas exploration sector. Eagle Materials manufactures and distributes concrete and aggregates products that are used in highway construction and maintenance and to construct residential and commercial buildings. Eagle operates aggregates quarries and concrete plants in central Texas, northern California, Kansas and Missouri. Eagle Materials is committed to building a low delivered-cost Northern white sand supply system for the energy sector. “

Other equities analysts have also recently issued research reports about the company. StockNews.com started coverage on Eagle Materials in a report on Thursday, March 31st. They issued a hold rating for the company. DA Davidson cut their price target on Eagle Materials from $170.00 to $160.00 in a research note on Friday, January 28th. Loop Capital cut their price target on Eagle Materials from $170.00 to $155.00 in a research note on Friday, January 28th. The Goldman Sachs Group lifted their price target on Eagle Materials from $181.00 to $190.00 in a research note on Thursday, January 27th. Finally, Citigroup cut their price target on Eagle Materials from $194.00 to $175.00 in a research note on Friday, January 28th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Eagle Materials has an average rating of Buy and a consensus price target of $170.27.

EXP traded up $2.93 on Friday, reaching $123.09. 278,865 shares of the stock were exchanged, compared to its average volume of 331,991. The firm has a market capitalization of $4.86 billion, a PE ratio of 13.99 and a beta of 1.24. The company’s 50-day moving average price is $127.04 and its 200 day moving average price is $144.00. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.14 and a quick ratio of 1.05. Eagle Materials has a fifty-two week low of $114.55 and a fifty-two week high of $169.15.

Several institutional investors have recently modified their holdings of the company. Signaturefd LLC acquired a new position in shares of Eagle Materials during the 4th quarter worth approximately $26,000. Wolff Wiese Magana LLC acquired a new position in Eagle Materials in the fourth quarter valued at approximately $29,000. CWM LLC acquired a new position in Eagle Materials in the fourth quarter valued at approximately $34,000. NEXT Financial Group Inc lifted its holdings in Eagle Materials by 811.8% in the fourth quarter. NEXT Financial Group Inc now owns 310 shares of the construction company’s stock valued at $51,000 after acquiring an additional 276 shares during the last quarter. Finally, Prospera Financial Services Inc acquired a new position in Eagle Materials in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

About Eagle Materials (Get Rating)

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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