Jefferies Financial Group restated their buy rating on shares of Eagle Materials (NYSE:EXP) in a research note published on Friday morning. Jefferies Financial Group also issued estimates for Eagle Materials’ Q1 2019 earnings at $1.60 EPS and Q2 2019 earnings at $1.91 EPS.

A number of other research firms have also recently issued reports on EXP. Northcoast Research upgraded Eagle Materials from a neutral rating to a buy rating and upped their price objective for the stock from $86.51 to $122.49 in a report on Wednesday, June 13th. Zacks Investment Research upgraded Eagle Materials from a sell rating to a hold rating in a report on Thursday, May 17th. Finally, Longbow Research upgraded Eagle Materials from a neutral rating to a buy rating in a report on Friday, March 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $128.37.

Eagle Materials opened at $108.13 on Friday, according to Marketbeat Ratings. Eagle Materials has a 12-month low of $86.51 and a 12-month high of $122.49. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.56 and a quick ratio of 1.12. The stock has a market capitalization of $5.19 billion, a PE ratio of 25.62, a PEG ratio of 0.96 and a beta of 1.16.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings data on Tuesday, May 15th. The construction company reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.26). Eagle Materials had a return on equity of 18.10% and a net margin of 18.51%. The firm had revenue of $284.70 million during the quarter, compared to analysts’ expectations of $308.56 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. Eagle Materials’s revenue for the quarter was up 2.2% compared to the same quarter last year. equities research analysts expect that Eagle Materials will post 6.35 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 20th. Investors of record on Friday, June 22nd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend was Thursday, June 21st. Eagle Materials’s dividend payout ratio is presently 9.48%.

In related news, EVP James H. Graass sold 5,000 shares of the stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $115.00, for a total transaction of $575,000.00. Following the completion of the sale, the executive vice president now directly owns 60,253 shares in the company, valued at approximately $6,929,095. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James H. Graass sold 10,000 shares of the stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $110.00, for a total value of $1,100,000.00. Following the sale, the executive vice president now owns 61,715 shares of the company’s stock, valued at $6,788,650. The disclosure for this sale can be found here. Insiders have sold a total of 30,000 shares of company stock valued at $3,324,500 over the last 90 days. 1.70% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. boosted its holdings in Eagle Materials by 61.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,958 shares of the construction company’s stock valued at $202,000 after acquiring an additional 744 shares during the period. Hilltop Holdings Inc. purchased a new stake in Eagle Materials during the 1st quarter valued at about $202,000. MML Investors Services LLC purchased a new stake in Eagle Materials during the 4th quarter valued at about $215,000. Cornerstone Wealth Management LLC bought a new position in Eagle Materials during the 2nd quarter valued at approximately $250,000. Finally, GWM Advisors LLC bought a new position in Eagle Materials during the 1st quarter valued at approximately $264,000. Institutional investors own 94.43% of the company’s stock.

About Eagle Materials

Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

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Analyst Recommendations for Eagle Materials (NYSE:EXP)

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