Eagle Materials (NYSE:EXP) Rating Increased to Hold at Zacks Investment Research

Eagle Materials (NYSE:EXPGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday, 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. “

A number of other brokerages have also recently issued reports on EXP. DA Davidson reduced their price objective on Eagle Materials from $160.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday. Truist Financial reduced their price objective on Eagle Materials from $172.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday. Loop Capital reduced their price objective on Eagle Materials from $170.00 to $155.00 in a research note on Friday, January 28th. StockNews.com raised Eagle Materials from a “hold” rating to a “buy” rating in a research note on Monday. Finally, The Goldman Sachs Group dropped their target price on shares of Eagle Materials from $190.00 to $162.00 and set a “buy” rating for the company in a report on Friday. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $165.42.

EXP traded up $3.66 during trading on Monday, reaching $125.51. The stock had a trading volume of 336,049 shares, compared to its average volume of 388,689. The stock has a market cap of $4.96 billion, a PE ratio of 13.73 and a beta of 1.24. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.05 and a current ratio of 2.13. Eagle Materials has a one year low of $114.55 and a one year high of $169.15. The business has a 50-day moving average of $126.17 and a 200-day moving average of $143.03.

Eagle Materials (NYSE:EXPGet Rating) last released its earnings results on Thursday, May 19th. The construction company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.17. The business had revenue of $413.10 million for the quarter, compared to analysts’ expectations of $400.68 million. Eagle Materials had a return on equity of 30.51% and a net margin of 20.10%. The firm’s revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.56 earnings per share. Equities research analysts forecast that Eagle Materials will post 10.88 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC bought a new position in shares of Eagle Materials during the fourth quarter valued at approximately $26,000. Wolff Wiese Magana LLC bought a new position in shares of Eagle Materials during the fourth quarter valued at approximately $29,000. CWM LLC bought a new position in shares of Eagle Materials during the fourth quarter valued at approximately $34,000. NEXT Financial Group Inc increased its stake in shares of Eagle Materials by 811.8% during the fourth quarter. NEXT Financial Group Inc now owns 310 shares of the construction company’s stock valued at $51,000 after purchasing an additional 276 shares in the last quarter. Finally, Prospera Financial Services Inc bought a new position in shares of Eagle Materials during the first quarter valued at approximately $42,000. 96.87% of the stock is owned by institutional investors and hedge funds.

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.

Featured Stories

Get a free copy of the Zacks research report on Eagle Materials (EXP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Eagle Materials (NYSE:EXP)

Receive News & Ratings for Eagle Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eagle Materials and related companies with MarketBeat.com's FREE daily email newsletter.