ValuEngine Lowers Eagle Materials (EXP) to Strong Sell

ValuEngine lowered shares of Eagle Materials (NYSE:EXP) from a sell rating to a strong sell rating in a report issued on Wednesday morning.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of 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 reiterated a buy rating on shares of Eagle Materials in a research report on Friday, July 20th. Standpoint Research upgraded Eagle Materials from a hold rating to a buy rating in a research report on Friday, October 12th. Macquarie began coverage on Eagle Materials in a research report on Wednesday, September 26th. They set a buy rating and a $105.00 price objective for the company. Finally, Stephens restated a buy rating and set a $124.00 price objective on shares of Eagle Materials in a research report on Thursday, August 9th. Two equities 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. The stock has an average rating of Buy and a consensus target price of $122.57.

Shares of EXP stock traded down $1.59 during midday trading on Wednesday, reaching $75.44. 33,005 shares of the company traded hands, compared to its average volume of 522,317. Eagle Materials has a 1-year low of $76.57 and a 1-year high of $122.49. The company has a current ratio of 2.61, a quick ratio of 1.34 and a debt-to-equity ratio of 0.45. The company has a market cap of $4.07 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 0.91 and a beta of 1.05.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Monday, July 30th. The construction company reported $1.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.56 by ($0.02). Eagle Materials had a net margin of 18.96% and a return on equity of 18.77%. The company had revenue of $393.80 million for the quarter, compared to analyst estimates of $402.34 million. During the same quarter in the previous year, the business posted $1.17 earnings per share. Eagle Materials’s revenue was up 7.6% on a year-over-year basis. Sell-side analysts forecast that Eagle Materials will post 6.14 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, October 5th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $0.40 annualized dividend and a dividend yield of 0.53%. Eagle Materials’s dividend payout ratio is currently 9.48%.

Several institutional investors have recently modified their holdings of the stock. Oakbrook Investments LLC raised its position in shares of Eagle Materials by 33.7% during the 3rd quarter. Oakbrook Investments LLC now owns 3,375 shares of the construction company’s stock worth $288,000 after purchasing an additional 850 shares during the last quarter. RWC Asset Management LLP grew its stake in shares of Eagle Materials by 12.1% during the 3rd quarter. RWC Asset Management LLP now owns 428,952 shares of the construction company’s stock valued at $36,564,000 after buying an additional 46,220 shares during the period. Aurora Investment Counsel grew its stake in shares of Eagle Materials by 7.6% during the 3rd quarter. Aurora Investment Counsel now owns 20,777 shares of the construction company’s stock valued at $1,771,000 after buying an additional 1,460 shares during the period. Cerebellum GP LLC grew its stake in shares of Eagle Materials by 330.9% during the 3rd quarter. Cerebellum GP LLC now owns 2,150 shares of the construction company’s stock valued at $183,000 after buying an additional 1,651 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. purchased a new stake in shares of Eagle Materials during the 3rd quarter valued at $8,196,000. Hedge funds and other institutional investors own 93.54% 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.

Further Reading: Intrinsic Value and Stock Selection

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Analyst Recommendations for Eagle Materials (NYSE:EXP)

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