Eagle Materials (NYSE:EXP) Stock Rating Lowered by Wall Street Zen

Eagle Materials (NYSE:EXP) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

EXP has been the topic of several other reports. Jefferies Financial Group reiterated a “hold” rating and set a $226.00 target price on shares of Eagle Materials in a research report on Monday, November 3rd. Truist Financial reiterated a “hold” rating and set a $210.00 price objective (down from $280.00) on shares of Eagle Materials in a report on Friday, December 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Eagle Materials in a research report on Monday, December 29th. Wells Fargo & Company lowered their target price on shares of Eagle Materials from $251.00 to $241.00 and set an “overweight” rating for the company in a report on Thursday. Finally, DA Davidson dropped their price target on shares of Eagle Materials from $245.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Two research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $234.20.

Eagle Materials Trading Down 3.8%

Shares of EXP stock opened at $203.89 on Friday. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 15.43 and a beta of 1.36. The company has a current ratio of 4.27, a quick ratio of 1.22 and a debt-to-equity ratio of 1.17. The firm has a 50-day moving average price of $220.49 and a 200 day moving average price of $223.94. Eagle Materials has a twelve month low of $191.91 and a twelve month high of $262.81.

Eagle Materials (NYSE:EXP) last released its quarterly earnings results on Thursday, January 29th. The construction company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.32 by ($0.10). The firm had revenue of $555.96 million for the quarter, compared to analyst estimates of $556.41 million. Eagle Materials had a return on equity of 28.96% and a net margin of 18.70%.Eagle Materials’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the business earned $3.59 earnings per share. Research analysts forecast that Eagle Materials will post 14.39 earnings per share for the current fiscal year.

Insider Activity

In other Eagle Materials news, Director David E. Rush acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was bought at an average price of $208.08 per share, with a total value of $208,080.00. Following the completion of the transaction, the director directly owned 4,173 shares of the company’s stock, valued at approximately $868,317.84. The trade was a 31.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc boosted its position in shares of Eagle Materials by 130.9% in the third quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock worth $30,000 after buying an additional 72 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Eagle Materials during the 3rd quarter worth approximately $30,000. Hantz Financial Services Inc. boosted its holdings in Eagle Materials by 7,750.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 157 shares of the construction company’s stock worth $32,000 after acquiring an additional 155 shares during the period. MAI Capital Management grew its position in Eagle Materials by 3,060.0% in the second quarter. MAI Capital Management now owns 158 shares of the construction company’s stock valued at $32,000 after acquiring an additional 153 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new stake in shares of Eagle Materials during the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials News Roundup

Here are the key news stories impacting Eagle Materials this week:

• Positive Sentiment: Adjusted EBITDA and margins remained strong, with the company reporting $190.1M of adjusted EBITDA and healthy net margin/ROE metrics that support cash generation and shareholder returns. Read More.
• Positive Sentiment: Management emphasized continued strength in heavy materials (non-residential/industrial-related products), which helped offset weakness elsewhere and suggests segment-level resiliency. Read More.
• Neutral Sentiment: Revenue was essentially flat year-over-year ($556.0M) and missed consensus by a small amount, implying demand was mixed rather than broadly collapsing. Read More.
• Neutral Sentiment: The company posted its investor slide deck and call transcripts, providing detail on segment performance and cost trends for investors who want to model forward earnings/EBITDA sensitivity. Read More.
• Negative Sentiment: Reported EPS of $3.22 missed the consensus of $3.32 and fell from $3.59 a year earlier — the miss and YoY decline pressured the stock as it suggests near-term margin/demand headwinds. Read More.
• Negative Sentiment: Management called out residential weakness as a material drag on results, a demand softening that could weigh on near-term volumes if it persists. Read More.

About Eagle Materials

Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.

Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.