Eagle Materials was downgraded by investment analysts at Longbow Research from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday, The Fly reports.
Several other research firms have also recently commented on EXP. Zacks upgraded shares of Eagle Materials from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $93.00 target price (down from $98.00) on shares of Eagle Materials in a report on Wednesday, August 5th.
In related news, EVP James H. Graass sold 1,500 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $82.00, for a total transaction of $123,000.00. Following the sale, the executive vice president now directly owns 60,358 shares in the company, valued at $4,949,356. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Eagle Materials traded down 0.63% during trading on Friday, hitting $69.46. 685,156 shares of the stock traded hands. Eagle Materials has a one year low of $66.62 and a one year high of $94.78. The company’s 50 day moving average is $76.40 and its 200 day moving average is $79.85. The company has a market capitalization of $3.50 billion and a P/E ratio of 18.73.
Eagle Materials last released its quarterly earnings results on Monday, August 3rd. The company reported $0.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by $0.12. During the same quarter in the prior year, the business earned $0.75 earnings per share. The firm had revenue of $285 million for the quarter, compared to analyst estimates of $321.04 million. Eagle Materials’s revenue was up 7.0% compared to the same quarter last year. On average, equities analysts forecast that Eagle Materials will post $4.00 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Monday, October 5th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $0.40 annualized dividend and a yield of 0.58%.
Eagle Materials Inc. makes and distributes gypsum wallboard and also manufactures and sells cement. Gypsum wallboard is distributed throughout the U.S., in the geographical markets nearest to its production facilities. The organization sells cement in six regional marketplaces, including California and northern Nevada, the greater Chicago area, the Rocky Mountain region, the Central Plains region and Texas. Its gypsum wallboard company is supported by its own recycled paperboard company, while its cement company is supported by its own concrete and aggregates business. The business operates six concrete batching plants, five gypsum wallboard plants, one recycled paperboard plant, seventeen concrete batching plants, four aggregates facilities and one frac sand processing and drying plant. The Company operates in two business segments: Concrete and Cement and Aggregates, and Gypsum Wallboard and Recycled Paperboard.
Haomei machinery equipment co.,ltd. is located in the famous machinery capital of Zhengzhou, China. We are professional machinery products manufacturer-featuring a wide range of quality concrete batching plant, mobile concrete batching plant, concrete pump, truck mixer, block machine and asphalt mixing plant etc.
Haomei machinery equipment CO., LTD.
Name: ANN MA
Email: ann@haomei.biz
Website: www.haomeibatchplant.com
Office Add: No.14 Waihuan Road, New district, Zhengzhou, China
Tel: +86-371-65621392
Fax:+86-371-86616825
