Eagle Materials (NYSE:EXP) Rating Lowered to “Hold” at Jefferies Financial Group

Eagle Materials (NYSE:EXP) was downgraded by research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued on Monday, Marketbeat Ratings reports. They currently have a $310.00 price target on the construction company’s stock, down from their prior price target of $330.00. Jefferies Financial Group’s target price would suggest a potential upside of 13.42% from the stock’s current price.

A number of other research firms have also weighed in on EXP. JPMorgan Chase & Co. raised their price objective on shares of Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Truist Financial upped their price objective on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Loop Capital cut Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 target price on the stock. in a research report on Monday, November 25th. Finally, The Goldman Sachs Group boosted their target price on shares of Eagle Materials from $277.00 to $317.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $304.89.

Eagle Materials Stock Down 1.5 %

NYSE:EXP opened at $273.32 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.34 and a quick ratio of 1.14. The firm’s 50-day moving average price is $297.21 and its 200-day moving average price is $263.42. The company has a market capitalization of $9.17 billion, a PE ratio of 19.30 and a beta of 1.33. Eagle Materials has a 1-year low of $193.95 and a 1-year high of $321.93.

Eagle Materials (NYSE:EXP) last announced its quarterly earnings data on Tuesday, October 29th. The construction company reported $4.31 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.44). Eagle Materials had a return on equity of 35.79% and a net margin of 21.32%. The business had revenue of $623.62 million during the quarter, compared to analysts’ expectations of $651.46 million. During the same quarter last year, the company posted $4.28 EPS. Eagle Materials’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities analysts predict that Eagle Materials will post 15.24 EPS for the current fiscal year.

Insider Transactions at Eagle Materials

In other Eagle Materials news, CEO Michael Haack sold 11,888 shares of Eagle Materials stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $310.50, for a total value of $3,691,224.00. Following the sale, the chief executive officer now directly owns 85,811 shares in the company, valued at approximately $26,644,315.50. The trade was a 12.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Tony Thompson sold 1,401 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $314.00, for a total transaction of $439,914.00. Following the transaction, the senior vice president now directly owns 13,212 shares of the company’s stock, valued at $4,148,568. This trade represents a 9.59 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,866 shares of company stock valued at $5,482,931 over the last 90 days. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Eagle Materials

Hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its stake in Eagle Materials by 481.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,315 shares of the construction company’s stock worth $1,808,000 after acquiring an additional 6,885 shares during the last quarter. Ausbil Investment Management Ltd increased its position in Eagle Materials by 400.3% in the third quarter. Ausbil Investment Management Ltd now owns 12,978 shares of the construction company’s stock worth $3,733,000 after purchasing an additional 10,384 shares during the last quarter. Baupost Group LLC MA raised its stake in Eagle Materials by 46.2% during the third quarter. Baupost Group LLC MA now owns 500,273 shares of the construction company’s stock valued at $143,904,000 after purchasing an additional 158,171 shares in the last quarter. Entropy Technologies LP bought a new position in Eagle Materials during the third quarter valued at $920,000. Finally, Natixis Advisors LLC grew its stake in shares of Eagle Materials by 11.8% in the 3rd quarter. Natixis Advisors LLC now owns 27,265 shares of the construction company’s stock worth $7,843,000 after buying an additional 2,871 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.

Eagle Materials Company Profile

Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.