Eagle Materials (NYSE:EXP) Downgraded to Sell Rating by Wall Street Zen

Eagle Materials (NYSE:EXP - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Sunday.

Several other analysts also recently commented on EXP. Stephens set a $255.00 price target on shares of Eagle Materials and gave the company an "overweight" rating in a research report on Thursday, May 22nd. Citigroup reduced their price target on shares of Eagle Materials from $279.00 to $230.00 and set a "neutral" rating for the company in a research report on Wednesday, May 28th. Truist Financial reduced their price target on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus set a $241.00 price target on shares of Eagle Materials and gave the company a "hold" rating in a research report on Wednesday, May 21st. Finally, DA Davidson reduced their price target on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $254.44.

Eagle Materials Stock Up 0.3%

Shares of NYSE:EXP opened at $214.28 on Friday. The company has a market capitalization of $6.99 billion, a PE ratio of 15.57 and a beta of 1.26. The company has a current ratio of 2.73, a quick ratio of 1.03 and a debt-to-equity ratio of 0.84. Eagle Materials has a twelve month low of $191.91 and a twelve month high of $321.93. The firm has a 50 day simple moving average of $213.40 and a 200-day simple moving average of $227.34.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.26). The company had revenue of $470.18 million for the quarter, compared to analysts' expectations of $483.14 million. Eagle Materials had a return on equity of 32.71% and a net margin of 20.50%. The firm's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.24 EPS. On average, equities analysts predict 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 business. Transce3nd LLC lifted its holdings in shares of Eagle Materials by 9.7% during the 1st quarter. Transce3nd LLC now owns 552 shares of the construction company's stock worth $122,000 after acquiring an additional 49 shares during the period. Parallel Advisors LLC boosted its stake in Eagle Materials by 26.8% during the 1st quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock valued at $55,000 after purchasing an additional 52 shares during the period. Hsbc Holdings PLC grew its position in Eagle Materials by 6.0% in the 4th quarter. Hsbc Holdings PLC now owns 973 shares of the construction company's stock valued at $240,000 after buying an additional 55 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Eagle Materials by 0.4% during the first quarter. State of Alaska Department of Revenue now owns 17,433 shares of the construction company's stock worth $3,868,000 after purchasing an additional 75 shares in the last quarter. Finally, HighPoint Advisor Group LLC lifted its position in shares of Eagle Materials by 3.8% during the 1st quarter. HighPoint Advisor Group LLC now owns 2,110 shares of the construction company's stock valued at $468,000 after acquiring an additional 77 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

About Eagle Materials

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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