Eagle Materials (NYSE:EXP) Rating Lowered to “Hold” at Loop Capital

Eagle Materials (NYSE:EXP) was downgraded by Loop Capital from a “buy” rating to a “hold” rating in a research note issued on Monday,Briefing.com Automated Import reports. They presently have a $315.00 target price on the construction company’s stock. Loop Capital’s price target suggests a potential upside of 0.21% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Eagle Materials from $270.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. Citigroup raised their target price on Eagle Materials from $252.00 to $311.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Stephens upped their target price on shares of Eagle Materials from $280.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Jefferies Financial Group raised their target price on shares of Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Truist Financial raised their price objective on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $304.89.

Eagle Materials Price Performance

Eagle Materials stock opened at $314.35 on Monday. Eagle Materials has a one year low of $177.65 and a one year high of $317.00. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. The stock’s 50 day moving average is $293.76 and its 200 day moving average is $258.69. The firm has a market cap of $10.54 billion, a P/E ratio of 22.20 and a beta of 1.32.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The firm had revenue of $623.62 million for the quarter, compared to analyst estimates of $651.46 million. During the same period last year, the company posted $4.28 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. As a group, research analysts expect that Eagle Materials will post 15.24 EPS for the current year.

Insider Transactions at Eagle Materials

In other news, Director George John Damiris sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total value of $277,620.00. Following the completion of the sale, the director now owns 7,943 shares in the company, valued at approximately $2,205,135.66. This trade represents a 11.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tony Thompson sold 1,401 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total value of $439,914.00. Following the completion of the transaction, the senior vice president now directly owns 13,212 shares in the company, valued at $4,148,568. This trade represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,978 shares of company stock valued at $1,791,707. 1.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in Eagle Materials during the first quarter worth about $42,000. Bessemer Group Inc. increased its stake in Eagle Materials by 132.7% during the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock worth $31,000 after purchasing an additional 65 shares during the period. EntryPoint Capital LLC grew its holdings in Eagle Materials by 1,760.0% during the 1st quarter. EntryPoint Capital LLC now owns 186 shares of the construction company’s stock worth $51,000 after acquiring an additional 176 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Eagle Materials by 1.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 351,258 shares of the construction company’s stock valued at $95,455,000 after acquiring an additional 3,897 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of Eagle Materials by 10.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 2,464 shares of the construction company’s stock worth $670,000 after buying an additional 240 shares during the period. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.