Several brokerages have updated their recommendations and price targets on shares of Eagle Materials (NYSE: EXP) in the last few weeks:

  • 8/5/2017 – Eagle Materials was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 8/1/2017 – Eagle Materials was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Eagle Materials Inc. is a Dallas-based company that manufactures and distributes Cement, Gypsum Wallboard, Recycled Paperboard and Concrete and Aggregates. “
  • 7/31/2017 – Eagle Materials was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $110.00 price target on the stock, down previously from $115.00.
  • 7/31/2017 – Eagle Materials was upgraded by analysts at Standpoint Research from a “hold” rating to a “buy” rating.
  • 7/27/2017 – Eagle Materials was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/24/2017 – Eagle Materials was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Eagle Materials Inc. is a Dallas-based company that manufactures and distributes Cement, Gypsum Wallboard, Recycled Paperboard and Concrete and Aggregates. “
  • 6/27/2017 – Eagle Materials was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $104.00 price target on the stock. According to Zacks, “Eagle Materials Inc. is a Dallas-based company that manufactures and distributes Cement, Gypsum Wallboard, Recycled Paperboard and Concrete and Aggregates. “
  • 6/26/2017 – Eagle Materials was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Eagle Materials Inc. is a Dallas-based company that manufactures and distributes Cement, Gypsum Wallboard, Recycled Paperboard and Concrete and Aggregates. “
  • 6/16/2017 – Eagle Materials was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $105.00 price target on the stock. According to Zacks, “Eagle Materials Inc. is a Dallas-based company that manufactures and distributes Cement, Gypsum Wallboard, Recycled Paperboard and Concrete and Aggregates. “
  • 6/9/2017 – Eagle Materials was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Eagle Materials Inc. is a Dallas-based company that manufactures and distributes Cement, Gypsum Wallboard, Recycled Paperboard and Concrete and Aggregates. “

Eagle Materials Inc (NYSE:EXP) opened at 94.13 on Monday. The company has a 50 day moving average price of $92.79 and a 200-day moving average price of $97.93. Eagle Materials Inc has a one year low of $73.27 and a one year high of $110.64. The firm has a market capitalization of $4.57 billion, a PE ratio of 21.89 and a beta of 1.23.

Eagle Materials (NYSE:EXP) last posted its quarterly earnings results on Thursday, July 27th. The construction company reported $1.17 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.17. The company had revenue of $366.10 million for the quarter, compared to the consensus estimate of $369.68 million. Eagle Materials had a return on equity of 18.29% and a net margin of 16.23%. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 EPS. On average, equities analysts predict that Eagle Materials Inc will post $5.38 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Wednesday, June 21st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date was Monday, June 19th. Eagle Materials’s dividend payout ratio (DPR) is currently 9.30%.

In other news, EVP James H. Graass sold 10,000 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $101.00, for a total value of $1,010,000.00. Following the transaction, the executive vice president now owns 69,653 shares of the company’s stock, valued at approximately $7,034,953. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.10% of the company’s stock.

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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