Eagle Materials Inc (NYSE:EXP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Eagle Materials Inc. is a Dallas-based company that manufactures and distributes Cement, Gypsum Wallboard, Recycled Paperboard and Concrete and Aggregates. “

Separately, Stephens upgraded shares of Eagle Materials from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 30th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $102.00.

Shares of Eagle Materials (EXP) traded down 0.45% on Monday, reaching $91.90. 479,317 shares of the company traded hands. Eagle Materials has a 1-year low of $73.27 and a 1-year high of $110.64. The firm has a market capitalization of $4.46 billion, a P/E ratio of 22.41 and a beta of 1.23. The stock has a 50-day moving average price of $93.65 and a 200 day moving average price of $98.38.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, May 18th. The construction company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. Eagle Materials had a net margin of 16.36% and a return on equity of 18.07%. The firm had revenue of $278.60 million during the quarter, compared to analysts’ expectations of $271.18 million. During the same period in the previous year, the company earned $0.80 EPS. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. Analysts anticipate that Eagle Materials will post $5.40 EPS for the current fiscal year.

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In related news, CEO David B. Powers sold 11,000 shares of Eagle Materials stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $99.03, for a total transaction of $1,089,330.00. Following the completion of the sale, the chief executive officer now owns 73,400 shares in the company, valued at approximately $7,268,802. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP James H. Graass sold 10,000 shares of Eagle Materials stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $101.00, for a total transaction of $1,010,000.00. Following the sale, the executive vice president now owns 69,653 shares of the company’s stock, valued at approximately $7,034,953. The disclosure for this sale can be found here. Company insiders own 4.10% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its stake in shares of Eagle Materials by 0.3% in the second quarter. Bank of Montreal Can now owns 6,304 shares of the construction company’s stock worth $583,000 after buying an additional 17 shares during the last quarter. RPG Investment Advisory LLC raised its stake in shares of Eagle Materials by 0.3% in the first quarter. RPG Investment Advisory LLC now owns 7,308 shares of the construction company’s stock worth $709,000 after buying an additional 21 shares during the last quarter. Greenwood Capital Associates LLC raised its stake in shares of Eagle Materials by 1.2% in the first quarter. Greenwood Capital Associates LLC now owns 2,431 shares of the construction company’s stock worth $236,000 after buying an additional 29 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Eagle Materials by 0.4% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 8,343 shares of the construction company’s stock worth $810,000 after buying an additional 33 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in shares of Eagle Materials by 2.5% in the first quarter. Coldstream Capital Management Inc. now owns 2,265 shares of the construction company’s stock worth $220,000 after buying an additional 55 shares during the last quarter. Institutional investors own 92.66% of the company’s stock.

Eagle Materials Company Profile

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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Analyst Recommendations for Eagle Materials (NYSE:EXP)

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