Eagle Materials (NYSE:EXP) Cut 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 report issued on Monday, Marketbeat.com reports. They presently 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 price objective would indicate a potential upside of 13.42% from the stock’s current price.

Other equities analysts have also recently issued research reports about the company. Truist Financial boosted their price objective on Eagle Materials from $320.00 to $330.00 and gave the company a “buy” rating in a report on Monday, November 4th. Loop Capital cut shares of Eagle Materials from a “buy” rating to a “hold” rating and set a $315.00 price target on the stock. in a report on Monday, November 25th. JPMorgan Chase & Co. lifted their price objective on shares of Eagle Materials from $290.00 to $310.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Finally, The Goldman Sachs Group boosted their price objective 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $304.89.

Eagle Materials Trading Down 1.5 %

EXP stock opened at $273.32 on Monday. Eagle Materials has a twelve month low of $193.95 and a twelve month high of $321.93. The stock has a market capitalization of $9.17 billion, a price-to-earnings ratio of 19.30 and a beta of 1.33. The company has a quick ratio of 1.14, a current ratio of 2.34 and a debt-to-equity ratio of 0.74. The firm’s fifty day simple moving average is $297.21 and its two-hundred day simple moving average is $263.42.

Eagle Materials (NYSE:EXP) last posted 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 firm had revenue of $623.62 million during the quarter, compared to analysts’ expectations of $651.46 million. During the same period last year, the company earned $4.28 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, analysts anticipate that Eagle Materials will post 15.24 earnings per share for the current year.

Insider Activity

In other Eagle Materials news, SVP Tony Thompson sold 1,401 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $314.00, for a total transaction of $439,914.00. Following the sale, the senior vice president now owns 13,212 shares in the company, valued at approximately $4,148,568. The trade was a 9.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director George John Damiris sold 1,000 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $277.62, for a total value of $277,620.00. Following the completion of the transaction, the director now directly owns 7,943 shares in the company, valued at $2,205,135.66. This represents a 11.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,866 shares of company stock worth $5,482,931. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Eagle Materials

Large investors have recently bought and sold shares of the company. McClarren Financial Advisors Inc. lifted its stake in Eagle Materials by 10,750.0% during the 2nd quarter. McClarren Financial Advisors Inc. now owns 217 shares of the construction company’s stock valued at $47,000 after acquiring an additional 215 shares during the period. Capital Performance Advisors LLP acquired a new position in Eagle Materials during the third quarter valued at $64,000. Quent Capital LLC boosted its holdings in Eagle Materials by 155.3% in the third quarter. Quent Capital LLC now owns 434 shares of the construction company’s stock valued at $125,000 after purchasing an additional 264 shares during the last quarter. GAMMA Investing LLC grew its position in Eagle Materials by 29.7% during the 3rd quarter. GAMMA Investing LLC now owns 611 shares of the construction company’s stock worth $176,000 after purchasing an additional 140 shares during the period. Finally, Central Pacific Bank Trust Division raised its stake in shares of Eagle Materials by 23.5% during the 3rd quarter. Central Pacific Bank Trust Division now owns 630 shares of the construction company’s stock valued at $181,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 96.07% of the company’s stock.

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.