Eagle Materials Inc (NYSE:EXP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday.
According to Zacks, “Eagle Materials Inc. is a Dallas-based company that manufactures and distributes Cement, Gypsum Wallboard, Recycled Paperboard and Concrete and Aggregates. “
A number of other brokerages have also commented on EXP. Standpoint Research lowered Eagle Materials from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. They noted that the move was a valuation call. BidaskClub upgraded Eagle Materials from a “strong sell” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Citigroup Inc. upgraded Eagle Materials from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $115.00 to $110.00 in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Eagle Materials presently has a consensus rating of “Hold” and an average target price of $110.00.
Shares of Eagle Materials (NYSE:EXP) traded up $1.92 during mid-day trading on Thursday, reaching $105.18. The company’s stock had a trading volume of 320,775 shares, compared to its average volume of 575,398. The company has a market capitalization of $5,020.00, a P/E ratio of 23.03, a P/E/G ratio of 2.58 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.94 and a current ratio of 2.02. Eagle Materials has a 1-year low of $86.51 and a 1-year high of $110.98.
Eagle Materials (NYSE:EXP) last announced its earnings results on Wednesday, October 25th. The construction company reported $1.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.22). The company had revenue of $376.30 million for the quarter, compared to analysts’ expectations of $412.84 million. Eagle Materials had a net margin of 15.93% and a return on equity of 17.75%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.25 EPS. research analysts predict that Eagle Materials will post 5.06 EPS for the current year.
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In related news, CFO Dale Craig Kesler sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $101.40, for a total transaction of $507,000.00. Following the completion of the transaction, the chief financial officer now directly owns 61,778 shares in the company, valued at $6,264,289.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Gerald J. Essl sold 5,496 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $96.57, for a total value of $530,748.72. Following the transaction, the insider now owns 45,355 shares of the company’s stock, valued at $4,379,932.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,999 shares of company stock worth $8,060,190. Corporate insiders own 4.10% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can boosted its holdings in shares of Eagle Materials by 0.3% in the 2nd quarter. Bank of Montreal Can now owns 6,304 shares of the construction company’s stock worth $583,000 after purchasing an additional 17 shares in the last quarter. Greenwood Capital Associates LLC boosted its holdings in shares of Eagle Materials by 1.0% in the 2nd quarter. Greenwood Capital Associates LLC now owns 2,456 shares of the construction company’s stock worth $227,000 after purchasing an additional 25 shares in the last quarter. World Asset Management Inc boosted its holdings in shares of Eagle Materials by 2.7% in the 2nd quarter. World Asset Management Inc now owns 3,480 shares of the construction company’s stock worth $322,000 after purchasing an additional 90 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Eagle Materials by 8.3% in the 2nd quarter. IFP Advisors Inc now owns 1,183 shares of the construction company’s stock worth $109,000 after purchasing an additional 91 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Eagle Materials by 3.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,930 shares of the construction company’s stock worth $363,000 after purchasing an additional 127 shares in the last quarter. Institutional investors and hedge funds own 87.42% of the company’s stock.
About Eagle Materials
Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.
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