Eagle Materials Inc (EXP) Lifted to Buy at Standpoint Research

Eagle Materials Inc (NYSE:EXP) was upgraded by stock analysts at Standpoint Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, July 31st, Marketbeat Ratings reports.

A number of other equities analysts have also recently issued reports on EXP. Zacks Investment Research raised Eagle Materials from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a report on Thursday, May 11th. Stephens raised Eagle Materials from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 30th. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. Eagle Materials presently has a consensus rating of “Hold” and an average target price of $104.67.

Eagle Materials (NYSE EXP) traded down 1.13% during trading on Monday, hitting $88.25. 612,776 shares of the stock traded hands. Eagle Materials has a one year low of $73.27 and a one year high of $110.64. The company has a 50-day moving average price of $92.04 and a 200 day moving average price of $96.93. The stock has a market cap of $4.28 billion, a PE ratio of 20.52 and a beta of 1.23.

Eagle Materials (NYSE:EXP) last issued its earnings results on Thursday, July 27th. The construction company reported $1.17 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.17. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. The business had revenue of $366.10 million during the quarter, compared to analysts’ expectations of $369.68 million. During the same quarter in the prior year, the firm earned $0.93 EPS. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. Analysts expect that Eagle Materials will post $5.38 earnings per share for the current year.

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In related news, CEO David B. Powers sold 11,317 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $93.57, for a total transaction of $1,058,931.69. Following the completion of the sale, the chief executive officer now owns 106,580 shares of the company’s stock, valued at $9,972,690.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gerald J. Essl sold 2,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $93.40, for a total value of $186,800.00. Following the completion of the transaction, the insider now owns 39,859 shares in the company, valued at approximately $3,722,830.60. The disclosure for this sale can be found here. Company insiders own 4.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC bought a new position in Eagle Materials during the fourth quarter worth $681,000. USA Financial Portformulas Corp bought a new position in Eagle Materials during the fourth quarter worth $395,000. Teachers Advisors LLC raised its position in Eagle Materials by 4.5% in the fourth quarter. Teachers Advisors LLC now owns 286,551 shares of the construction company’s stock worth $28,234,000 after buying an additional 12,315 shares in the last quarter. Macquarie Group Ltd. bought a new position in Eagle Materials during the fourth quarter worth $2,956,000. Finally, CHURCHILL MANAGEMENT Corp bought a new position in Eagle Materials during the first quarter worth $25,966,000. Institutional investors own 93.07% of the company’s stock.

About Eagle Materials

Eagle Materials Inc is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Company operates through five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants. The Company’s construction products are used in residential, industrial, commercial and infrastructure construction, and include cement, slag, concrete and aggregates.

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