Standpoint Research upgraded shares of Eagle Materials (NYSE:EXP) from a hold rating to a buy rating in a research note issued to investors on Friday, MarketBeat reports.

A number of other equities analysts also recently commented on EXP. Macquarie began coverage on Eagle Materials in a report on Wednesday, September 26th. They set a buy rating and a $105.00 target price for the company. Stephens restated a buy rating and set a $124.00 target price on shares of Eagle Materials in a report on Thursday, August 9th. Jefferies Financial Group restated a buy rating and set a $125.00 target price on shares of Eagle Materials in a report on Thursday, October 4th. Citigroup decreased their target price on Eagle Materials from $132.00 to $125.00 and set a buy rating for the company in a report on Tuesday, July 31st. Finally, Zacks Investment Research downgraded Eagle Materials from a buy rating to a hold rating in a report on Monday, July 30th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. Eagle Materials has a consensus rating of Buy and an average price target of $122.57.

Shares of Eagle Materials stock traded down $0.21 during midday trading on Friday, reaching $79.49. 542,090 shares of the company’s stock traded hands, compared to its average volume of 516,794. The company has a quick ratio of 1.34, a current ratio of 2.61 and a debt-to-equity ratio of 0.45. The company has a market cap of $4.07 billion, a PE ratio of 18.84, a P/E/G ratio of 0.91 and a beta of 1.05. Eagle Materials has a 12 month low of $79.22 and a 12 month high of $122.49.

Eagle Materials (NYSE:EXP) last announced its earnings results on Monday, July 30th. The construction company reported $1.54 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.02). The business had revenue of $393.80 million for the quarter, compared to the consensus estimate of $402.34 million. Eagle Materials had a net margin of 18.96% and a return on equity of 18.77%. Eagle Materials’s revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 EPS. On average, research analysts anticipate that Eagle Materials will post 6.14 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Investors of record on Friday, October 5th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 4th. This represents a $0.40 annualized dividend and a yield of 0.50%. Eagle Materials’s payout ratio is 9.48%.

A number of hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in Eagle Materials by 12.1% in the second quarter. Bank of New York Mellon Corp now owns 2,532,411 shares of the construction company’s stock worth $265,826,000 after purchasing an additional 273,645 shares during the period. Wells Fargo & Company MN grew its stake in Eagle Materials by 4.5% in the second quarter. Wells Fargo & Company MN now owns 722,005 shares of the construction company’s stock worth $75,790,000 after purchasing an additional 31,286 shares during the period. Hermes Investment Management Ltd. grew its stake in Eagle Materials by 9.9% in the second quarter. Hermes Investment Management Ltd. now owns 692,314 shares of the construction company’s stock worth $72,672,000 after purchasing an additional 62,329 shares during the period. Point72 Asset Management L.P. grew its stake in Eagle Materials by 14.7% in the second quarter. Point72 Asset Management L.P. now owns 630,692 shares of the construction company’s stock worth $66,204,000 after purchasing an additional 80,901 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Eagle Materials by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 439,432 shares of the construction company’s stock worth $45,283,000 after purchasing an additional 16,230 shares during the period. 93.54% of the stock is currently owned by institutional investors.

Eagle Materials Company Profile

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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