ValuEngine Downgrades Eagle Materials (NYSE:EXP) to Strong Sell

ValuEngine lowered shares of Eagle Materials (NYSE:EXP) from a sell rating to a strong sell rating in a research note published on Wednesday, October 17th.

Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Eagle Materials from a hold rating to a buy rating and set a $121.00 price target for the company in a research report on Tuesday, July 24th. Jefferies Financial Group reissued a buy rating on shares of Eagle Materials in a research report on Friday, July 20th. Standpoint Research raised Eagle Materials from a hold rating to a buy rating in a research report on Friday, October 12th. Macquarie started coverage on Eagle Materials in a research report on Wednesday, September 26th. They set a buy rating and a $105.00 price target for the company. Finally, Stephens reissued a buy rating and set a $124.00 price target on shares of Eagle Materials in a research report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. Eagle Materials presently has an average rating of Buy and a consensus target price of $113.86.

Shares of EXP stock traded down $0.94 on Wednesday, hitting $75.48. 554,453 shares of the stock were exchanged, compared to its average volume of 924,830. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.83 and a quick ratio of 1.28. The stock has a market capitalization of $3.63 billion, a P/E ratio of 17.89, a P/E/G ratio of 1.33 and a beta of 1.14. Eagle Materials has a fifty-two week low of $64.95 and a fifty-two week high of $122.49.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, October 30th. The construction company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.15). Eagle Materials had a return on equity of 19.03% and a net margin of 19.54%. The firm had revenue of $381.50 million for the quarter, compared to analyst estimates of $401.04 million. During the same period in the prior year, the company earned $1.31 earnings per share. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. Equities analysts expect that Eagle Materials will post 5.68 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 25th. Stockholders of record on Friday, December 21st will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.53%. Eagle Materials’s payout ratio is 9.48%.

Several hedge funds and other institutional investors have recently made changes to their positions in EXP. Point72 Hong Kong Ltd bought a new position in shares of Eagle Materials during the second quarter worth approximately $114,000. Avestar Capital LLC increased its stake in shares of Eagle Materials by 2,356.4% during the third quarter. Avestar Capital LLC now owns 2,309 shares of the construction company’s stock worth $178,000 after purchasing an additional 2,215 shares during the period. Cerebellum GP LLC increased its stake in shares of Eagle Materials by 330.9% during the third quarter. Cerebellum GP LLC now owns 2,150 shares of the construction company’s stock worth $183,000 after purchasing an additional 1,651 shares during the period. Hilltop Holdings Inc. bought a new position in shares of Eagle Materials during the first quarter worth approximately $202,000. Finally, Sawtooth Solutions LLC bought a new position in shares of Eagle Materials during the second quarter worth approximately $244,000. Institutional investors own 93.57% of the company’s stock.

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.

Featured Story: What is the float in trading stocks?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.

Leave a Reply