Eagle Materials (NYSE:EXP) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Eagle Materials (NYSE:EXP) 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. Citigroup lowered their price target on Eagle Materials from $232.00 to $224.00 and set a “neutral” rating for the company in a report on Tuesday, February 3rd. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $215.00 price target (down from $230.00) on shares of Eagle Materials in a report on Monday, February 16th. DA Davidson lowered their price target on Eagle Materials from $225.00 to $210.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Zacks Research raised Eagle Materials from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Finally, Stephens reaffirmed an “equal weight” rating and issued a $245.00 price target on shares of Eagle Materials in a report on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $228.82.

Eagle Materials Stock Down 3.7%

EXP stock opened at $194.63 on Friday. The company’s 50 day moving average price is $196.11 and its 200 day moving average price is $211.39. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.68 and a current ratio of 4.27. Eagle Materials has a fifty-two week low of $171.99 and a fifty-two week high of $243.64. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 14.73 and a beta of 1.38.

Institutional Investors Weigh In On Eagle Materials

A number of hedge funds and other 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 valued at $332,000 after buying an additional 50 shares in the last quarter. Signaturefd LLC increased its position in shares of Eagle Materials by 15.8% in the fourth quarter. Signaturefd LLC now owns 389 shares of the construction company’s stock valued at $80,000 after buying an additional 53 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Eagle Materials by 20.3% in the third quarter. Smartleaf Asset Management LLC now owns 326 shares of the construction company’s stock valued at $76,000 after buying an additional 55 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Eagle Materials by 5.9% in the fourth quarter. GAMMA Investing LLC now owns 1,048 shares of the construction company’s stock valued at $217,000 after buying an additional 58 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of Eagle Materials by 2.6% in the fourth quarter. M&T Bank Corp now owns 2,406 shares of the construction company’s stock valued at $498,000 after buying an additional 61 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Company Profile

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.