Eagle Materials' (EXP) "Hold (C+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Eagle Materials' stock rating was reaffirmed as "hold (C+)" by Weiss Ratings, indicating stable expectations for the company's future performance.
• Analysts from JPMorgan Chase & Co. and Loop Capital have raised their price targets for Eagle Materials from $220.00 to $245.00, reflecting a positive outlook.
• The company reported a net margin of 19.81% and a return on equity of 31.21%, beating revenue expectations with $634.69 million during the last quarter.

Eagle Materials (NYSE:EXP - Get Free Report)'s stock had its "hold (c+)" rating reiterated by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Eagle Materials from $220.00 to $245.00 and gave the company a "neutral" rating in a research note on Tuesday, August 26th. Loop Capital upped their target price on shares of Eagle Materials from $230.00 to $245.00 and gave the company a "hold" rating in a report on Wednesday, July 30th. Wells Fargo & Company assumed coverage on shares of Eagle Materials in a research report on Tuesday. They set an "overweight" rating and a $261.00 price objective for the company. Finally, Wall Street Zen upgraded shares of Eagle Materials from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Four equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $255.40.

Eagle Materials Price Performance

Shares of NYSE EXP traded up $6.48 during mid-day trading on Wednesday, hitting $238.74. 303,259 shares of the company's stock traded hands, compared to its average volume of 345,288. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.73 and a quick ratio of 1.26. Eagle Materials has a 1 year low of $191.91 and a 1 year high of $321.93. The company has a market capitalization of $7.75 billion, a P/E ratio of 17.58 and a beta of 1.31. The company's 50-day moving average is $231.26 and its two-hundred day moving average is $221.68.

Eagle Materials (NYSE:EXP - Get Free Report) last posted its earnings results on Tuesday, July 29th. The construction company reported $3.76 EPS for the quarter, beating analysts' consensus estimates of $3.73 by $0.03. Eagle Materials had a net margin of 19.81% and a return on equity of 31.21%. The company had revenue of $634.69 million during the quarter, compared to analysts' expectations of $611.52 million. On average, equities analysts anticipate that Eagle Materials will post 14.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Eagle Materials

A number of large investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Eagle Materials by 21.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 1,523 shares of the construction company's stock worth $376,000 after purchasing an additional 266 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of Eagle Materials by 16.5% during the first quarter. Park Avenue Securities LLC now owns 4,451 shares of the construction company's stock worth $988,000 after purchasing an additional 630 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Eagle Materials by 21.2% during the first quarter. GAMMA Investing LLC now owns 819 shares of the construction company's stock worth $182,000 after purchasing an additional 143 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Eagle Materials by 163.5% during the first quarter. SG Americas Securities LLC now owns 1,515 shares of the construction company's stock worth $336,000 after purchasing an additional 940 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Eagle Materials by 10.6% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 92,178 shares of the construction company's stock worth $20,457,000 after purchasing an additional 8,800 shares during the last quarter. 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.

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