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

Wall Street Zen downgraded shares of Eagle Materials (NYSE:EXP - Free Report) from a hold rating to a sell rating in a research note issued to investors on Saturday.

EXP has been the topic of several other research reports. Truist Financial decreased their price objective on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus set a $241.00 price objective on Eagle Materials and gave the stock a "hold" rating in a research note on Wednesday, May 21st. The Goldman Sachs Group set a $242.00 price objective on Eagle Materials and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Stephens set a $255.00 target price on Eagle Materials and gave the company an "overweight" rating in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. decreased their target price on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $260.00.

Eagle Materials Stock Performance

Shares of NYSE EXP traded up $3.50 during trading on Friday, hitting $217.87. The company had a trading volume of 455,125 shares, compared to its average volume of 338,250. The stock has a 50 day simple moving average of $223.66 and a 200 day simple moving average of $245.85. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. Eagle Materials has a 12 month low of $201.61 and a 12 month high of $321.93. The firm has a market capitalization of $7.13 billion, a P/E ratio of 15.56 and a beta of 1.36.

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

Eagle Materials Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Monday, June 16th. Eagle Materials's payout ratio is 7.27%.

Institutional Trading of Eagle Materials

Large investors have recently added to or reduced their stakes in the company. Barclays PLC increased its stake in Eagle Materials by 78.1% in the 3rd quarter. Barclays PLC now owns 37,948 shares of the construction company's stock worth $10,915,000 after acquiring an additional 16,645 shares during the last quarter. ArrowMark Colorado Holdings LLC bought a new stake in Eagle Materials in the 4th quarter worth approximately $28,778,000. Proficio Capital Partners LLC bought a new stake in Eagle Materials in the 4th quarter worth approximately $8,890,000. Empowered Funds LLC increased its stake in Eagle Materials by 242.4% in the 4th quarter. Empowered Funds LLC now owns 7,789 shares of the construction company's stock worth $1,922,000 after acquiring an additional 5,514 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Eagle Materials by 60.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company's stock worth $499,111,000 after acquiring an additional 652,836 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.