Eagle Materials (NYSE:EXP) Upgraded at DA Davidson

Eagle Materials (NYSE:EXP) was upgraded by stock analysts at DA Davidson to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research analysts have also recently weighed in on the company. Jefferies Financial Group reissued a “hold” rating and issued a $200.00 price objective on shares of Eagle Materials in a research report on Wednesday, May 20th. Wells Fargo & Company decreased their target price on Eagle Materials from $240.00 to $231.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. JPMorgan Chase & Co. upgraded Eagle Materials from an “underweight” rating to a “neutral” rating and set a $225.00 target price on the stock in a research note on Tuesday, June 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Eagle Materials in a report on Tuesday, June 16th. Finally, Citigroup decreased their price objective on shares of Eagle Materials from $240.00 to $232.00 and set a “neutral” rating for the company in a report on Monday, August 10th. One research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Eagle Materials presently has an average rating of “Hold” and a consensus target price of $223.67.

Eagle Materials Trading Down 2.3%

Shares of EXP stock opened at $199.56 on Monday. Eagle Materials has a 52-week low of $171.99 and a 52-week high of $245.53. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.91 and a current ratio of 3.23. The company has a 50-day simple moving average of $213.07 and a two-hundred day simple moving average of $208.83. The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of 15.78 and a beta of 1.38.

Eagle Materials (NYSE:EXP) last announced its earnings results on Wednesday, July 29th. The construction company reported $3.29 earnings per share for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.08). The business had revenue of $650.97 million during the quarter, compared to analysts’ expectations of $620.35 million. Eagle Materials had a return on equity of 26.87% and a net margin of 17.32%.Eagle Materials’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.76 EPS. Research analysts anticipate that Eagle Materials will post 12.66 EPS for the current fiscal year.

Institutional Trading of Eagle Materials

A number of institutional investors have recently modified their holdings of EXP. Focus Partners Wealth raised its holdings in Eagle Materials by 21.5% during the 1st quarter. Focus Partners Wealth now owns 2,019 shares of the construction company’s stock valued at $448,000 after acquiring an additional 357 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Eagle Materials by 102.4% in the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock worth $35,000 after acquiring an additional 87 shares during the period. First Trust Advisors LP grew its position in shares of Eagle Materials by 5.8% in the second quarter. First Trust Advisors LP now owns 101,969 shares of the construction company’s stock valued at $20,609,000 after purchasing an additional 5,612 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of Eagle Materials by 8.0% in the second quarter. Baird Financial Group Inc. now owns 1,364 shares of the construction company’s stock valued at $276,000 after purchasing an additional 101 shares in the last quarter. Finally, Jump Financial LLC raised its stake in shares of Eagle Materials by 359.9% during the 2nd quarter. Jump Financial LLC now owns 12,510 shares of the construction company’s stock valued at $2,528,000 after purchasing an additional 9,790 shares during the period. 96.07% of the stock is currently 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.