Eagle Materials (NYSE:EXP) Downgraded by Wall Street Zen to Sell

Eagle Materials (NYSE:EXP) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Several other brokerages have also recently issued reports on EXP. Truist Financial reissued a “hold” rating and issued a $210.00 price objective (down from $280.00) on shares of Eagle Materials in a research note on Friday, December 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Eagle Materials in a research report on Monday, December 29th. Stifel Nicolaus set a $246.00 target price on Eagle Materials in a research report on Monday, October 27th. Jefferies Financial Group reissued a “hold” rating and set a $226.00 target price on shares of Eagle Materials in a research note on Monday, November 3rd. Finally, Zacks Research upgraded Eagle Materials from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Eagle Materials presently has a consensus rating of “Hold” and an average target price of $234.20.

Eagle Materials Stock Down 3.8%

EXP opened at $203.89 on Friday. Eagle Materials has a 52 week low of $191.91 and a 52 week high of $262.81. The business has a 50 day moving average price of $220.49 and a two-hundred day moving average price of $223.94. The company has a quick ratio of 1.22, a current ratio of 4.27 and a debt-to-equity ratio of 1.17. The company has a market cap of $6.54 billion, a PE ratio of 15.43 and a beta of 1.36.

Eagle Materials (NYSE:EXP) last announced its earnings results on Thursday, January 29th. The construction company reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.32 by ($0.10). Eagle Materials had a net margin of 18.70% and a return on equity of 28.96%. The company had revenue of $555.96 million during the quarter, compared to analysts’ expectations of $556.41 million. During the same quarter last year, the business posted $3.59 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, research analysts anticipate that Eagle Materials will post 14.39 EPS for the current year.

Insider Buying and Selling

In other news, Director David E. Rush bought 1,000 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were bought at an average cost of $208.08 per share, for a total transaction of $208,080.00. Following the completion of the transaction, the director owned 4,173 shares in the company, valued at $868,317.84. This trade represents a 31.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Baupost Group LLC MA increased its holdings in Eagle Materials by 39.0% during the 3rd quarter. Baupost Group LLC MA now owns 939,660 shares of the construction company’s stock valued at $218,978,000 after acquiring an additional 263,403 shares in the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of Eagle Materials by 36.0% in the second quarter. Frontier Capital Management Co. LLC now owns 830,284 shares of the construction company’s stock valued at $167,809,000 after purchasing an additional 219,627 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Eagle Materials by 4.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 734,541 shares of the construction company’s stock valued at $153,607,000 after purchasing an additional 28,559 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of Eagle Materials by 0.6% during the 3rd quarter. William Blair Investment Management LLC now owns 615,250 shares of the construction company’s stock worth $143,378,000 after purchasing an additional 3,505 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Eagle Materials by 2.5% during the 3rd quarter. American Century Companies Inc. now owns 534,380 shares of the construction company’s stock worth $124,532,000 after purchasing an additional 13,104 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

More Eagle Materials News

Here are the key news stories impacting Eagle Materials this week:

• Positive Sentiment: Adjusted EBITDA and margins remained strong, with the company reporting $190.1M of adjusted EBITDA and healthy net margin/ROE metrics that support cash generation and shareholder returns. Read More.
• Positive Sentiment: Management emphasized continued strength in heavy materials (non-residential/industrial-related products), which helped offset weakness elsewhere and suggests segment-level resiliency. Read More.
• Neutral Sentiment: Revenue was essentially flat year-over-year ($556.0M) and missed consensus by a small amount, implying demand was mixed rather than broadly collapsing. Read More.
• Neutral Sentiment: The company posted its investor slide deck and call transcripts, providing detail on segment performance and cost trends for investors who want to model forward earnings/EBITDA sensitivity. Read More.
• Negative Sentiment: Reported EPS of $3.22 missed the consensus of $3.32 and fell from $3.59 a year earlier — the miss and YoY decline pressured the stock as it suggests near-term margin/demand headwinds. Read More.
• Negative Sentiment: Management called out residential weakness as a material drag on results, a demand softening that could weigh on near-term volumes if it persists. Read More.

About Eagle Materials

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.