Northcoast Research upgraded shares of Eagle Materials (NYSE:EXP) from a sell rating to a neutral rating in a research report released on Friday, BenzingaRatingsTable reports.
Several other research analysts have also commented on the company. SunTrust Banks set a $95.00 price objective on Eagle Materials and gave the stock a buy rating in a report on Wednesday, July 31st. Stifel Nicolaus set a $101.00 price objective on Eagle Materials and gave the stock a buy rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. dropped their target price on Eagle Materials from $95.00 to $85.00 and set a neutral rating for the company in a research report on Thursday, September 5th. Jefferies Financial Group downgraded Eagle Materials from a buy rating to a hold rating and dropped their target price for the stock from $106.00 to $92.00 in a research report on Thursday, July 18th. Finally, Zacks Investment Research downgraded Eagle Materials from a buy rating to a hold rating in a research report on Wednesday, July 3rd. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $93.88.
Shares of NYSE EXP opened at $90.77 on Friday. Eagle Materials has a 12 month low of $57.00 and a 12 month high of $93.18. The company has a current ratio of 2.42, a quick ratio of 1.05 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 1.72 and a beta of 1.23. The business has a 50-day moving average of $83.93 and a 200-day moving average of $85.26.
Eagle Materials (NYSE:EXP) last issued its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.27). Eagle Materials had a return on equity of 17.21% and a net margin of 3.20%. The business had revenue of $370.60 million for the quarter, compared to analysts’ expectations of $376.95 million. During the same period in the previous year, the firm posted $1.38 EPS. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, analysts predict that Eagle Materials will post 5.22 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, October 4th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.44%. Eagle Materials’s payout ratio is 7.92%.
In related news, insider Keith W. Metcalf sold 10,980 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $81.33, for a total value of $893,003.40. Following the completion of the sale, the insider now owns 58,087 shares in the company, valued at approximately $4,724,215.71. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Keith W. Metcalf sold 3,661 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $90.00, for a total value of $329,490.00. Following the completion of the sale, the insider now owns 43,446 shares of the company’s stock, valued at approximately $3,910,140. The disclosure for this sale can be found here. Insiders sold a total of 55,794 shares of company stock valued at $4,724,987 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC lifted its position in Eagle Materials by 18.3% in the first quarter. Advisory Services Network LLC now owns 2,851 shares of the construction company’s stock valued at $240,000 after purchasing an additional 441 shares during the last quarter. Weitz Investment Management Inc. bought a new stake in Eagle Materials in the first quarter valued at approximately $6,618,000. NEXT Financial Group Inc bought a new stake in Eagle Materials in the second quarter valued at approximately $294,000. Linscomb & Williams Inc. lifted its position in Eagle Materials by 13.4% in the first quarter. Linscomb & Williams Inc. now owns 8,525 shares of the construction company’s stock valued at $719,000 after purchasing an additional 1,007 shares during the last quarter. Finally, Chicago Equity Partners LLC bought a new stake in Eagle Materials in the second quarter valued at approximately $1,307,000.
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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