Eagle Materials (NYSE:EXP) was upgraded by Longbow Research from a “neutral” rating to a “buy” rating in a report issued on Friday.
EXP has been the topic of a number of other research reports. Raymond James Financial assumed coverage on shares of Eagle Materials in a research report on Tuesday, March 13th. They issued a “market perform” rating on the stock. Zacks Investment Research lowered shares of Eagle Materials from a “hold” rating to a “sell” rating in a research report on Thursday, December 28th. Stifel Nicolaus reissued a “buy” rating and issued a $130.00 price objective on shares of Eagle Materials in a research report on Friday, February 16th. Finally, Citigroup assumed coverage on shares of Eagle Materials in a research report on Tuesday, March 13th. They issued a “market perform” rating on the stock. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Eagle Materials currently has a consensus rating of “Hold” and an average target price of $135.00.
Eagle Materials (NYSE EXP) opened at $99.32 on Friday. The company has a quick ratio of 1.06, a current ratio of 2.44 and a debt-to-equity ratio of 0.40. Eagle Materials has a one year low of $86.51 and a one year high of $122.49. The firm has a market cap of $4,667.34, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 2.19 and a beta of 1.24.
Several hedge funds have recently made changes to their positions in EXP. Bank of New York Mellon Corp lifted its position in shares of Eagle Materials by 77.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,851,844 shares of the construction company’s stock worth $209,813,000 after purchasing an additional 805,668 shares in the last quarter. JPMorgan Chase & Co. raised its position in Eagle Materials by 19.7% during the third quarter. JPMorgan Chase & Co. now owns 2,822,368 shares of the construction company’s stock worth $303,320,000 after acquiring an additional 464,534 shares in the last quarter. Allianz Asset Management GmbH bought a new stake in Eagle Materials during the third quarter worth $24,275,000. BlackRock Inc. raised its position in Eagle Materials by 4.8% during the fourth quarter. BlackRock Inc. now owns 4,247,685 shares of the construction company’s stock worth $481,262,000 after acquiring an additional 193,260 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Eagle Materials by 67.9% during the third quarter. Ameriprise Financial Inc. now owns 286,810 shares of the construction company’s stock worth $30,601,000 after acquiring an additional 115,968 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.
Eagle Materials Company Profile
Eagle Materials Inc produces and sells construction products and building materials for use in residential, industrial, commercial, and infrastructure construction in the United States. It also produces materials used for oil and natural gas extraction. The company operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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