Eagle Materials (NYSE:EXP) Stock Rating Upgraded by Zacks Research

Eagle Materials (NYSE:EXP) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also commented on EXP. Citigroup cut their price target on shares of Eagle Materials from $224.00 to $217.00 and set a “neutral” rating for the company in a report on Thursday, May 21st. JPMorgan Chase & Co. raised shares of Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 price target on the stock in a research note on Tuesday, June 2nd. Royal Bank Of Canada boosted their price objective on Eagle Materials from $208.00 to $219.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 20th. Stephens reduced their target price on Eagle Materials from $235.00 to $225.00 and set an “equal weight” rating for the company in a report on Wednesday, May 20th. Finally, Wall Street Zen upgraded Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $224.30.

Eagle Materials Price Performance

Shares of EXP opened at $220.88 on Wednesday. The business’s 50-day moving average is $213.26 and its two-hundred day moving average is $211.74. The company has a market capitalization of $6.83 billion, a P/E ratio of 16.83 and a beta of 1.37. Eagle Materials has a fifty-two week low of $171.99 and a fifty-two week high of $245.53. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.09 and a current ratio of 3.66.

Eagle Materials (NYSE:EXP) last posted its earnings results on Tuesday, May 19th. The construction company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.32. The firm had revenue of $479.11 million during the quarter, compared to analysts’ expectations of $451.99 million. Eagle Materials had a net margin of 18.36% and a return on equity of 28.27%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.00 EPS. Research analysts predict that Eagle Materials will post 13.02 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Caisse de depot et placement du Quebec increased its position in shares of Eagle Materials by 3.6% in the third quarter. Caisse de depot et placement du Quebec now owns 1,426 shares of the construction company’s stock worth $332,000 after acquiring an additional 50 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Eagle Materials by 15.8% during the 4th quarter. Signaturefd LLC now owns 389 shares of the construction company’s stock valued at $80,000 after acquiring an additional 53 shares in the last quarter. GAMMA Investing LLC boosted its position in Eagle Materials by 5.9% during the 4th quarter. GAMMA Investing LLC now owns 1,048 shares of the construction company’s stock worth $217,000 after purchasing an additional 58 shares during the period. M&T Bank Corp boosted its position in Eagle Materials by 2.6% during the 4th quarter. M&T Bank Corp now owns 2,406 shares of the construction company’s stock worth $498,000 after purchasing an additional 61 shares during the period. Finally, QRG Capital Management Inc. increased its holdings in Eagle Materials by 7.0% in the 1st quarter. QRG Capital Management Inc. now owns 1,294 shares of the construction company’s stock valued at $245,000 after purchasing an additional 85 shares in the last quarter. 96.07% of the stock is owned by hedge funds and other institutional investors.

About Eagle Materials

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.