Eagle Materials (NYSE:EXP) Stock Rating Lowered by Wall Street Zen

Wall Street Zen cut shares of Eagle Materials (NYSE:EXP - Free Report) from a hold rating to a sell rating in a research report report published on Saturday morning.

A number of other equities research analysts also recently issued reports on the stock. Truist Financial lowered their price target on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. DA Davidson lowered their price target on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Stifel Nicolaus set a $241.00 target price on shares of Eagle Materials and gave the company a "hold" rating in a research report on Wednesday, May 21st. The Goldman Sachs Group set a $242.00 price target on shares of Eagle Materials and gave the stock a "buy" rating in a report on Wednesday, May 21st. Finally, Stephens set a $255.00 price objective on shares of Eagle Materials and gave the company an "overweight" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $254.44.

Eagle Materials Price Performance

Shares of Eagle Materials stock traded up $1.45 on Friday, reaching $204.74. The stock had a trading volume of 844,049 shares, compared to its average volume of 341,176. Eagle Materials has a 1 year low of $200.78 and a 1 year high of $321.93. The company has a market cap of $6.70 billion, a P/E ratio of 14.62 and a beta of 1.36. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. The business's 50 day moving average is $222.92 and its two-hundred day moving average is $244.61.

Eagle Materials (NYSE:EXP - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. The firm had revenue of $470.18 million during the quarter, compared to analysts' expectations of $483.14 million. During the same period in the previous year, the company posted $2.24 earnings per share. The company's quarterly revenue was down 1.4% compared to the same quarter last year. As a group, research analysts anticipate that Eagle Materials will post 14.39 EPS for the current year.

Eagle Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Monday, June 16th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.49%. The ex-dividend date is Monday, June 16th. Eagle Materials's dividend payout ratio is currently 7.27%.

Institutional Trading of Eagle Materials

Several hedge funds and other institutional investors have recently bought and sold shares of EXP. SVB Wealth LLC purchased a new stake in Eagle Materials in the first quarter worth approximately $41,000. Private Trust Co. NA boosted its stake in shares of Eagle Materials by 53.0% during the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock valued at $51,000 after purchasing an additional 71 shares during the period. Parallel Advisors LLC boosted its stake in shares of Eagle Materials by 26.8% during the first 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. Huntington National Bank boosted its stake in shares of Eagle Materials by 154.8% during the fourth quarter. Huntington National Bank now owns 237 shares of the construction company's stock valued at $58,000 after purchasing an additional 144 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of Eagle Materials during the fourth quarter valued at approximately $81,000. Hedge funds and other 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.