Standpoint Research upgraded shares of Eagle Materials (NYSE:EXP) from a hold rating to a buy rating in a research report report published on Friday morning, Marketbeat reports.
EXP has been the subject of a number of other research reports. Zacks Investment Research lowered Eagle Materials from a buy rating to a hold rating in a report on Monday, July 30th. Northcoast Research set a $128.00 target price on Eagle Materials and gave the company a buy rating in a report on Tuesday, July 31st. Jefferies Financial Group reaffirmed a buy rating and set a $126.00 target price on shares of Eagle Materials in a report on Tuesday, July 31st. Stephens reaffirmed a buy rating and set a $124.00 target price on shares of Eagle Materials in a report on Thursday, August 9th. Finally, Macquarie began coverage on Eagle Materials in a report on Wednesday, September 26th. They set a buy rating and a $105.00 target price for the company. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $122.57.
EXP stock traded down $0.21 during mid-day trading on Friday, reaching $79.49. 542,090 shares of the company traded hands, compared to its average volume of 516,794. The company has a quick ratio of 1.34, a current ratio of 2.61 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $4.07 billion, a PE ratio of 18.84, a PEG ratio of 0.91 and a beta of 1.05. Eagle Materials has a 52-week low of $79.22 and a 52-week high of $122.49.
Eagle Materials (NYSE:EXP) last posted its earnings results on Monday, July 30th. The construction company reported $1.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.56 by ($0.02). The company had revenue of $393.80 million for the quarter, compared to analysts’ expectations of $402.34 million. Eagle Materials had a net margin of 18.96% and a return on equity of 18.77%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.17 EPS. On average, equities research analysts anticipate that Eagle Materials will post 6.14 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Friday, October 5th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Thursday, October 4th. Eagle Materials’s payout ratio is 9.48%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Northern Trust Corp lifted its position in Eagle Materials by 0.3% in the 1st quarter. Northern Trust Corp now owns 375,620 shares of the construction company’s stock worth $38,706,000 after buying an additional 993 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Eagle Materials by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 439,432 shares of the construction company’s stock valued at $45,283,000 after purchasing an additional 16,230 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Eagle Materials by 6.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,876 shares of the construction company’s stock valued at $811,000 after purchasing an additional 509 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Eagle Materials by 7.8% in the first quarter. Russell Investments Group Ltd. now owns 12,680 shares of the construction company’s stock valued at $1,304,000 after purchasing an additional 921 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Eagle Materials in the first quarter valued at approximately $320,000. 93.54% of the stock is owned by 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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