Eagle Materials (NYSE:EXP) Earns "Hold (C+)" Rating from Weiss Ratings

Key Points

• Eagle Materials has been reaffirmed with a "hold (C+)" rating by Weiss Ratings, while Wells Fargo upgraded it to a "strong-buy" rating.
• The company's stock has a current price target averaging $255.40, with recent trading down 0.4% to $232.98.
• Eagle Materials reported quarterly earnings that surpassed analyst expectations, with an EPS of $3.76 against an estimate of $3.73.

Eagle Materials (NYSE:EXP - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

A number of other brokerages have also issued reports on EXP. Wells Fargo & Company raised shares of Eagle Materials to a "strong-buy" rating in a report on Wednesday, October 8th. Wall Street Zen upgraded Eagle Materials from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Loop Capital increased their target price on Eagle Materials from $230.00 to $245.00 and gave the company a "hold" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. increased their target price on Eagle Materials from $220.00 to $245.00 and gave the company a "neutral" rating in a research report on Tuesday, August 26th. Finally, Zacks Research downgraded Eagle Materials from a "hold" rating to a "strong sell" rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $255.40.

Eagle Materials Trading Down 0.4%

Shares of EXP opened at $232.98 on Friday. 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 50 day simple moving average of $233.24 and a two-hundred day simple moving average of $222.69. The firm has a market cap of $7.56 billion, a P/E ratio of 17.16 and a beta of 1.31.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The construction company reported $3.76 earnings per share (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 business had revenue of $634.69 million during the quarter, compared to analyst estimates of $611.52 million. On average, equities analysts expect that Eagle Materials will post 14.39 earnings per share for the current fiscal year.

Institutional Trading of Eagle Materials

Institutional investors have recently bought and sold shares of the stock. Bridges Investment Management Inc. lifted its position in Eagle Materials by 111.4% in the first quarter. Bridges Investment Management Inc. now owns 6,918 shares of the construction company's stock worth $1,535,000 after buying an additional 3,645 shares during the last quarter. Teacher Retirement System of Texas lifted its position in Eagle Materials by 234.6% in the first quarter. Teacher Retirement System of Texas now owns 4,905 shares of the construction company's stock worth $1,089,000 after buying an additional 3,439 shares during the last quarter. GAMMA Investing LLC lifted its position in Eagle Materials by 21.2% in the first quarter. GAMMA Investing LLC now owns 819 shares of the construction company's stock worth $182,000 after buying an additional 143 shares during the last quarter. Private Trust Co. NA lifted its position in Eagle Materials by 39.0% in the first quarter. Private Trust Co. NA now owns 285 shares of the construction company's stock worth $63,000 after buying an additional 80 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in Eagle Materials by 12.4% in the first quarter. Oppenheimer & Co. Inc. now owns 5,402 shares of the construction company's stock worth $1,199,000 after buying an additional 595 shares during the last quarter. 96.07% of the stock is currently owned by institutional investors.

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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