The Eagle Materials, Inc. (EXP) Lifted to “Overweight” at Stephens

The Eagle Materials, Inc. (EXP) Lifted to “Overweight” at Stephens

Separately, Zacks Investment Research raised shares of Eagle Materials from a hold rating to a buy rating and set a $113.00 price objective on the stock in a report on Thursday, May 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of $103.00.

Stephens upgraded shares of Eagle Materials, Inc. (NYSE:EXP) from an equal weight rating to an overweight rating in a report released on Tuesday.

Shares of Eagle Materials (NYSE:EXP) opened at 96.54 on Tuesday. The firm has a market cap of $4.69 billion, a P/E ratio of 23.55 and a beta of 1.36. Eagle Materials has a 12-month low of $71.24 and a 12-month high of $110.64. The firm has a 50-day moving average of $97.39 and a 200-day moving average of $99.46. Eagle Materials (NYSE:EXP) last released its quarterly earnings data on Thursday, May 18th. The construction company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. The firm had revenue of $278.60 million for the quarter, compared to the consensus estimate of $271.18 million. Eagle Materials had a net margin of 16.98% and a return on equity of 18.45%. The firm’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.80 earnings per share. On average, equities analysts forecast that Eagle Materials will post $5.40 earnings per share for the current fiscal year.

Shares of Eagle Materials (NYSE:EXP) opened at 96.54 on Tuesday. The firm has a market cap of $4.69 billion, a P/E ratio of 23.55 and a beta of 1.36. Eagle Materials has a 12-month low of $71.24 and a 12-month high of $110.64. The firm has a 50-day moving average of $97.39 and a 200-day moving average of $99.46. The firm also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Wednesday, June 21st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, June 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. Eagle Materials’s dividend payout ratio (DPR) is 9.64%.

In other Eagle Materials news, EVP James H. Graass sold 10,000 shares of the stock in a transaction on Friday, May 19th. The shares were sold at an average price of $101.00, for a total transaction of $1,010,000.00. Following the sale, the executive vice president now directly owns 69,653 shares of the company’s stock, valued at $7,034,953. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David B. Powers sold 11,000 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $99.03, for a total transaction of $1,089,330.00. Following the sale, the chief executive officer now directly owns 73,400 shares in the company, valued at $7,268,802. The disclosure for this sale can be found here. 5.50% of the stock is currently owned by corporate insiders. Several hedge funds have recently modified their holdings of the company. IFP Advisors Inc boosted its stake in shares of Eagle Materials by 38.1% in the first quarter. IFP Advisors Inc now owns 1,092 shares of the construction company’s stock worth $106,000 after buying an additional 301 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Eagle Materials by 9.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,373 shares of the construction company’s stock worth $133,000 after buying an additional 113 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its stake in shares of Eagle Materials by 9,753.0% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 198,045 shares of the construction company’s stock worth $198,000 after buying an additional 196,035 shares during the period. Fayez Sarofim & Co. acquired a new stake in shares of Eagle Materials during the third quarter worth $203,000. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Eagle Materials during the fourth quarter worth $218,000. 91.85% of the stock is currently owned by institutional investors.

Eagle Materials Company Profile 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “EXP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Eagle Materials Inc. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Eagle Materials Inc. and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment