Eagle Materials (EXP) Research Coverage Started at Jefferies Group

Jefferies Group started coverage on shares of Eagle Materials (NYSE:EXP) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The firm issued a buy rating and a $121.00 target price on the construction company’s stock. Jefferies Group also issued estimates for Eagle Materials’ Q4 2018 earnings at $0.90 EPS, Q1 2019 earnings at $1.52 EPS, Q2 2019 earnings at $1.90 EPS, Q3 2019 earnings at $1.72 EPS, Q4 2019 earnings at $1.16 EPS, FY2019 earnings at $6.30 EPS and FY2020 earnings at $7.97 EPS.

A number of other analysts have also recently weighed in on EXP. Zacks Investment Research cut shares of Eagle Materials from a hold rating to a sell rating in a report on Thursday, December 28th. Citigroup raised their target price on shares of Eagle Materials from $121.00 to $140.00 and gave the stock a buy rating in a report on Thursday, January 25th. Stifel Nicolaus reduced their target price on shares of Eagle Materials from $135.00 to $130.00 and set a buy rating for the company in a report on Thursday, February 1st. Raymond James initiated coverage on shares of Eagle Materials in a report on Tuesday, March 13th. They set a market perform rating for the company. Finally, Longbow Research upgraded shares of Eagle Materials from a neutral rating to a buy rating in a report on Friday, March 23rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $130.33.

Shares of NYSE:EXP opened at $100.88 on Tuesday. The company has a market cap of $4,928.69, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.95 and a beta of 1.19. Eagle Materials has a 1-year low of $86.51 and a 1-year high of $122.49. The company has a quick ratio of 1.06, a current ratio of 2.44 and a debt-to-equity ratio of 0.40.

Eagle Materials (NYSE:EXP) last issued its earnings results on Wednesday, January 31st. The construction company reported $1.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.20. The firm had revenue of $359.40 million during the quarter, compared to analysts’ expectations of $364.52 million. Eagle Materials had a net margin of 18.53% and a return on equity of 18.66%. The firm’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same period last year, the firm posted $1.17 earnings per share. sell-side analysts anticipate that Eagle Materials will post 5.17 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 11th. Investors of record on Thursday, April 12th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date is Wednesday, April 11th. Eagle Materials’s dividend payout ratio is 9.46%.

A number of institutional investors have recently bought and sold shares of EXP. Bank of New York Mellon Corp boosted its stake in Eagle Materials by 77.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,851,844 shares of the construction company’s stock worth $209,813,000 after purchasing an additional 805,668 shares during the period. BlackRock Inc. boosted its stake in Eagle Materials by 4.8% in the 4th quarter. BlackRock Inc. now owns 4,247,685 shares of the construction company’s stock worth $481,262,000 after purchasing an additional 193,260 shares during the period. Schroder Investment Management Group boosted its stake in Eagle Materials by 1,656.5% in the 4th quarter. Schroder Investment Management Group now owns 121,200 shares of the construction company’s stock worth $13,732,000 after purchasing an additional 114,300 shares during the period. Barings LLC boosted its stake in Eagle Materials by 466.0% in the 4th quarter. Barings LLC now owns 125,641 shares of the construction company’s stock worth $14,235,000 after purchasing an additional 103,441 shares during the period. Finally, Icon Advisers Inc. Co. boosted its stake in Eagle Materials by 264.4% in the 4th quarter. Icon Advisers Inc. Co. now owns 134,169 shares of the construction company’s stock worth $15,201,000 after purchasing an additional 97,349 shares during the period. 96.04% of the stock is owned by hedge funds and other institutional investors.

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About Eagle Materials

Eagle Materials Inc produces and sells construction products and building materials for use in residential, industrial, commercial, and infrastructure construction in the United States. It also produces materials used for oil and natural gas extraction. The company operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.

Analyst Recommendations for Eagle Materials (NYSE:EXP)

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