Eagle Materials was the subject of a research report distributed to clients and investors by StockNews.com analysts on Thursday after the analysts assumed company coverage (NYSE: EXP).
The construction company’s shares were recommended for purchase by the corporation in question.
On January 26, the most recent earnings report for Eagle Materials was made public.
Eagle Materials is a publicly traded company on the NYSE, and its stock is denoted by the symbol EXP.
The earnings per share (EPS) for the construction company’s most recent quarterly report came in at $3.20, $0.01 more than the consensus estimate of $3.19.
Eagle Materials had a return on equity of 38.27% and a net margin of 20.83%, respectively, as of the end of the fiscal year.
The revenue the company made during the quarter was $511.50 million, which is significantly lower than the $532.95 million that industry analysts anticipated the company would make.
During the same period the previous year, the company posted a profit per share of $2.53. Compared to the same quarter of the previous year, the rise in revenue was 10.5% higher than the previous quarter’s total.
In the current fiscal year, equity research professionals anticipate that Eagle Materials will generate $12.18 per share earnings.
Thursday was the first-day trading could begin on the NYSE: EXP, and the opening price was $131.62.
Throughout the previous 52 weeks, the price of Eagle Materials has fluctuated in the range of $101.98 and $152.15 for its 52-week range.
The company has a market capitalization of $4.74 billion, a price-to-earnings ratio of 11.38, and a beta of 1.30.
The stock’s moving average over the past 50 days comes in at $142.66, while the moving average over the past 200 days comes in at $130.08.
The quick ratio is 1.17, the current ratio is 2.36, and the debt-to-equity ratio is 0.90.
All of these numbers are relative to the company’s liquidity.
These figures should be interpreted in light of the company’s liquidity.
In addition to this, the organization has gotten feedback from several different additional research analysts.
In a research report released on Friday, January 27, Goldman Sachs Group assigned Eagle Materials a “buy” rating and raised their price objective for the company from $130.00 to $149.00.
This information was included in the study that they published. Citigroup increased their price objective on Eagle Materials from $138.00 to $168.00 in a research note published on Tuesday, January 10. Raymond James has given Eagle Materials an “outperform” rating, and in a research report that was made public on January 25, they raised their price objective for the business from $140.00 to $152.00.
A rise in prices accompanied the report.
Loop Capital increased its price objective for Eagle Materials from $135.00 to $145.00 in a research report published on Wednesday, January 11.
The agenda was complete, and this was the final and most important item. Six analysts think that investors should buy company shares, while only two think that investors should keep the same holdings they already have.
According to information from Bloomberg.com, the firm is now rated with an average of “Moderate Buy,” and the consensus price objective is $151.13.
Further news includes that Director David B.
Powers sold 4,941 shares of company stock on February 8.
A total of 728,698.68 dollars’ worth of the stock was traded at an average price per share of $147.48, resulting in revenue of 728,698.68 dollars for the company.
After the completion of the transaction, the director now directly owns 23,662 company shares, which together have an approximate value of $3,489,671.76.
These shares were previously owned indirectly by the director. Following this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail.
In related news, on February 6, William R.
Devlin, senior vice president of the company, sold 4,549 shares of company stock.
This is an additional piece of information.
There was a total transaction of 668,793.98 dollars worth of the stock, with each share selling at a price that averaged 147.02 dollars. Following the completion of the transaction, the senior vice president will have direct ownership of 26,159 company shares, which will be approximately worth $3,845,896.18 at the current market price. Following this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail.
Powers, who serves as a director of the company in addition to his other responsibilities, sold 4,941 shares of the firm’s stock on February 8.
A total of 728,698.68 dollars’ worth of the stock was traded at an average price per share of $147.48, resulting in revenue of $728,698.68 for the company. Following the completion of the transaction, the director will have 23,662 shares in the company.
These shares have a current market value of $3,489,671.76.
The disclosure about the purchase can be found in this particular location.
Business insiders sold 43,992 shares of company stock during the most recent financial period, resulting in a total transaction value of $6,427,728. 1.60 company insiders own a percent of the total shares currently outstanding.
Due to recent occurrences, hedge funds and institutional investors have modified their company stock holdings and taken new positions.
A new position at Eagle Materials was made available by Point72 Middle East FZE during the final three months of 2018, and the monthly salary was determined to be $31,000.
During the third quarter, Quadrant Capital Group LLC had a 157.3% increase in the percentage of Eagle Materials that it owned. Quadrant Capital Group LLC now has 404 shares in the construction company, which are currently valued at $43,000 after purchasing an additional 247 shares during the most recent quarter. Quadrant Capital Group LLC purchased these shares. Fifth Third Bancorp increased its ownership stake in Eagle Materials by 23.6% over the final three months of 2018. Fifth Third Bank now directly owns 388 shares of the construction company’s stock, valued at $52,000, after purchasing an additional 74 shares last quarter.
IFP Advisors INC increased the Eagle Materials stock held by 42.4% during the third quarter.
IFP Advisors INC now has a total of 457 shares of the construction company’s stock, which are collectively worth $53,000.
This is because the company made an additional purchase of 136 shares during the most recent quarter.
At the end of the year, Belpointe Asset Management LLC made a new position investment in Eagle Materials for $71,000 during the fourth quarter.
Most of the company’s shares, or 93.67%, are owned by institutional investors and hedge funds.