Eagle Materials (NYSE:EXP) Stock Rating Lowered by Loop Capital

Eagle Materials (NYSE:EXP) was downgraded by equities research analysts at Loop Capital from a “buy” rating to a “hold” rating in a research note issued on Monday, MarketBeat.com reports. They currently have a $315.00 target price on the construction company’s stock. Loop Capital’s price objective indicates a potential upside of 1.63% from the company’s previous close.

A number of other research analysts also recently issued reports on EXP. The Goldman Sachs Group boosted their price objective on Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Citigroup boosted their price target on Eagle Materials from $252.00 to $311.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. raised their price objective on shares of Eagle Materials from $270.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Jefferies Financial Group boosted their target price on shares of Eagle Materials from $309.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Truist Financial raised their price target on shares of Eagle Materials from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $304.89.

Eagle Materials Stock Down 1.7 %

Eagle Materials stock opened at $309.96 on Monday. The firm has a market cap of $10.40 billion, a price-to-earnings ratio of 21.89 and a beta of 1.32. Eagle Materials has a 52-week low of $177.67 and a 52-week high of $321.93. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.14 and a current ratio of 2.34. The firm has a 50 day moving average price of $294.49 and a two-hundred day moving average price of $259.03.

Eagle Materials (NYSE:EXP) last announced its earnings results on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). The firm had revenue of $623.62 million for the quarter, compared to the consensus estimate of $651.46 million. Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. Eagle Materials’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business earned $4.28 EPS. Equities analysts predict that Eagle Materials will post 15.24 EPS for the current year.

Insider Transactions at Eagle Materials

In other news, Director George John Damiris sold 1,000 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total value of $277,620.00. Following the completion of the sale, the director now owns 7,943 shares in the company, valued at $2,205,135.66. This represents a 11.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael Haack sold 11,888 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $310.50, for a total transaction of $3,691,224.00. Following the transaction, the chief executive officer now owns 85,811 shares in the company, valued at approximately $26,644,315.50. This trade represents a 12.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,866 shares of company stock valued at $5,482,931 over the last three months. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Eagle Materials

Several hedge funds have recently modified their holdings of the company. Bessemer Group Inc. increased its position in shares of Eagle Materials by 132.7% during the first quarter. Bessemer Group Inc. now owns 114 shares of the construction company’s stock valued at $31,000 after acquiring an additional 65 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Eagle Materials during the 1st quarter valued at $42,000. EntryPoint Capital LLC raised its stake in shares of Eagle Materials by 1,760.0% during the 1st quarter. EntryPoint Capital LLC now owns 186 shares of the construction company’s stock worth $51,000 after purchasing an additional 176 shares during the period. McClarren Financial Advisors Inc. boosted its holdings in shares of Eagle Materials by 10,750.0% in the 2nd quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock worth $47,000 after buying an additional 215 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Eagle Materials during the third quarter valued at about $64,000. 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.