Eagle Materials, Inc. (EXP) Given Consensus Recommendation of “Hold” by Analysts

Shares of Eagle Materials, Inc. (NYSE:EXP) have earned an average recommendation of “Hold” from the sixteen research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $95.06.

Several research analysts recently issued reports on EXP shares. Zacks Investment Research raised Eagle Materials from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. ValuEngine raised Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, March 9th. Citigroup lifted their price objective on Eagle Materials from $84.00 to $87.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Macquarie set a $100.00 price objective on Eagle Materials and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Finally, Berenberg Bank assumed coverage on Eagle Materials in a research report on Wednesday, April 3rd. They issued a “buy” rating and a $103.00 price objective for the company.

Shares of NYSE:EXP opened at $87.72 on Wednesday. The firm has a market cap of $3.98 billion, a P/E ratio of 20.79, a P/E/G ratio of 1.91 and a beta of 1.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.26 and a quick ratio of 0.87. Eagle Materials has a 12-month low of $57.00 and a 12-month high of $115.75.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Eagle Materials by 1.1% in the 4th quarter. BlackRock Inc. now owns 4,328,050 shares of the construction company’s stock worth $264,142,000 after acquiring an additional 45,955 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Eagle Materials by 3.5% in the 1st quarter. Wells Fargo & Company MN now owns 2,657,278 shares of the construction company’s stock valued at $224,008,000 after buying an additional 90,249 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Eagle Materials by 4.3% in the 4th quarter. Bank of New York Mellon Corp now owns 2,299,538 shares of the construction company’s stock valued at $140,339,000 after buying an additional 94,338 shares during the period. Neuberger Berman Group LLC grew its stake in shares of Eagle Materials by 2.4% in the 1st quarter. Neuberger Berman Group LLC now owns 2,032,563 shares of the construction company’s stock valued at $171,345,000 after buying an additional 47,778 shares during the period. Finally, Ardevora Asset Management LLP acquired a new stake in shares of Eagle Materials in the 4th quarter valued at about $34,958,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

Eagle Materials Company Profile

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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Analyst Recommendations for Eagle Materials (NYSE:EXP)

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