Eagle Materials (NYSE:EXP) Upgraded by Wall Street Zen to "Hold" Rating

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

A number of other brokerages also recently issued reports on EXP. Truist Financial cut their price objective on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Stephens set a $255.00 price target on shares of Eagle Materials and gave the company an "overweight" rating in a research note on Thursday, May 22nd. DA Davidson dropped their target price on shares of Eagle Materials from $260.00 to $245.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. cut their price objective on Eagle Materials from $310.00 to $250.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Finally, 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. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $254.44.

Eagle Materials Stock Performance

Shares of EXP stock traded up $6.92 during trading hours on Friday, reaching $209.03. The company had a trading volume of 514,791 shares, compared to its average volume of 351,397. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.03 and a current ratio of 2.73. Eagle Materials has a one year low of $191.91 and a one year high of $321.93. The firm has a market cap of $6.82 billion, a PE ratio of 15.19 and a beta of 1.26. The business has a fifty day moving average price of $213.68 and a 200-day moving average price of $228.38.

Eagle Materials (NYSE:EXP - Get Free Report) last issued its earnings results on Tuesday, May 20th. The construction company reported $2.08 earnings per share for the quarter, missing analysts' consensus estimates of $2.34 by ($0.26). The company had revenue of $470.18 million for the quarter, compared to the consensus estimate of $483.14 million. Eagle Materials had a return on equity of 32.71% and a net margin of 20.50%. Eagle Materials's revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.24 EPS. Sell-side analysts predict that Eagle Materials will post 14.39 earnings per share for the current fiscal year.

Eagle Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Monday, June 16th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Monday, June 16th. Eagle Materials's dividend payout ratio (DPR) is 7.27%.

Institutional Trading of Eagle Materials

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SVB Wealth LLC purchased a new stake in shares of Eagle Materials during the 1st quarter worth about $41,000. Private Trust Co. NA lifted its holdings in Eagle Materials by 53.0% in the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company's stock worth $51,000 after purchasing an additional 71 shares during the last quarter. Parallel Advisors LLC boosted its position in Eagle Materials by 26.8% during the first quarter. Parallel Advisors LLC now owns 246 shares of the construction company's stock worth $55,000 after purchasing an additional 52 shares during the period. Huntington National Bank grew its holdings in 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 last quarter. Finally, Assetmark Inc. grew its holdings in Eagle Materials by 486.6% during the first quarter. Assetmark Inc. now owns 393 shares of the construction company's stock valued at $87,000 after purchasing an additional 326 shares during the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

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.