The stock of Eagle Materials, Inc. (NYSE:EXP) hit a new 52-week high and has $134.61 target or 49.00% above today’s $90.34 share price. The 6 months bullish chart indicates low risk for the $4.42B company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $134.61 price target is reached, the company will be worth $2.17B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 783,371 shares traded hands or 5.08% up from the average. Eagle Materials, Inc. (NYSE:EXP) has risen 22.94% since April 7, 2016 and is uptrending. It has outperformed by 18.16% the S&P500.
Eagle Materials, Inc. (NYSE:EXP) Ratings Coverage
Out of 8 analysts covering Eagle Materials (NYSE:EXP), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. Eagle Materials has been the topic of 15 analyst reports since August 5, 2015 according to StockzIntelligence Inc. As per Friday, October 9, the company rating was downgraded by Longbow. Citigroup initiated Eagle Materials, Inc. (NYSE:EXP) on Tuesday, December 15 with “Buy” rating. Stifel Nicolaus maintained Eagle Materials, Inc. (NYSE:EXP) rating on Friday, October 23. Stifel Nicolaus has “Buy” rating and $78.0 price target. The stock of Eagle Materials, Inc. (NYSE:EXP) earned “Buy” rating by BB&T Capital on Monday, March 28. On Friday, July 22 the stock rating was downgraded by Standpoint Research to “Hold”. The firm earned “Buy” rating on Tuesday, October 4 by CL King. Goldman Sachs downgraded the stock to “Neutral” rating in Friday, November 20 report. The firm earned “Accumulate” rating on Monday, March 28 by Standpoint Research. The stock of Eagle Materials, Inc. (NYSE:EXP) earned “Strong Buy” rating by CL King on Monday, December 14. Citigroup maintained Eagle Materials, Inc. (NYSE:EXP) rating on Monday, April 18. Citigroup has “Buy” rating and $83 price target.
According to Zacks Investment Research, “Eagle Materials Inc. is a Dallas-based company that manufactures and distributes Cement, Gypsum Wallboard, Recycled Paperboard and Concrete and Aggregates.”
Insitutional Activity: The institutional sentiment increased to 1.12 in Q2 2016. Its up 0.17, from 0.95 in 2016Q1. The ratio increased, as 19 funds sold all Eagle Materials, Inc. shares owned while 83 reduced positions. 41 funds bought stakes while 73 increased positions. They now own 43.36 million shares or 1.04% less from 43.81 million shares in 2016Q1.
The Montana-based First Interstate Bancorp has invested 0% in Eagle Materials, Inc. (NYSE:EXP). Principal Finance Grp Inc holds 184,320 shares or 0.02% of its portfolio. Wafra Advisory Group Inc Ny last reported 5,121 shares in the company. State Of Wisconsin Invest Board has 30,510 shares for 0.01% of their US portfolio. Tygh Capital Management Incorporated owns 63,300 shares or 1.37% of their US portfolio. Canada Pension Plan Board has 0% invested in the company for 4,300 shares. The Kansas-based Creative Planning has invested 0% in Eagle Materials, Inc. (NYSE:EXP). Trexquant Inv Ltd Partnership holds 3,500 shares or 0.04% of its portfolio. Oregon Employees Retirement Fund owns 16,802 shares or 0.03% of their US portfolio. American Grp owns 93,077 shares or 0% of their US portfolio. Employees Retirement Of Texas last reported 176,000 shares in the company. Moreover, Dynamic Capital Mngmt Ltd has 0.33% invested in Eagle Materials, Inc. (NYSE:EXP) for 35,997 shares. Citadel Advsr Ltd Liability Co accumulated 0.01% or 137,861 shares. Hightower Lc owns 39,394 shares or 0.04% of their US portfolio. Menta Capital Lc holds 0.26% or 24,466 shares in its portfolio.
Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 7 sales for $8.88 million net activity. On Tuesday, June 28 the insider STEWART RICHARD ROSS sold $793,082. Another trade for 12,098 shares valued at $1.03 million was sold by STEWART ROBERT S. Metcalf Keith W sold $1.31M worth of stock or 15,775 shares. $1.45M worth of shares were sold by Graass James H on Wednesday, October 26. The insider BARNETT F WILLIAM sold 16,221 shares worth $1.39 million. $338,018 worth of Eagle Materials, Inc. (NYSE:EXP) was sold by Devlin William R on Tuesday, November 1. On Thursday, May 26 the insider Kesler Dale Craig sold $2.56M.
More notable recent Eagle Materials, Inc. (NYSE:EXP) news were published by: Fool.com which released: “Eagle Materials, Inc. Earnings Double on Record Revenue” on October 24, 2016, also Fool.com with their article: “Eagle Materials, Inc. Earnings Are Cemented by Strong Volumes” published on July 25, 2016, Nasdaq.com published: “Eagle Materials Inc (EXP) Ex-Dividend Date Scheduled for October 05, 2016” on October 04, 2016. More interesting news about Eagle Materials, Inc. (NYSE:EXP) were released by: Businesswire.com and their article: “Eagle Materials Inc. Appoints George Damiris to Its Board of Directors” published on September 27, 2016 as well as Wsj.com‘s news article titled: “Cemex to Sell Ohio Assets to Eagle Materials” with publication date: September 12, 2016.
EXP Company Profile
Eagle Materials Inc., incorporated on January 27, 1994, is a supplier of construction products, building materials and materials used for oil and natural gas extraction. The Firm operates through five divisions: 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. The Company’s building material include gypsum wallboard. The Company’s basic materials used for oil and natural gas extraction include frac sand and oil well cement. It sells cement in over six regional markets, including northern Nevada and California, the greater Chicago area, the Rocky Mountain region, the Central Plains region and Texas. It sells slag in the greater Chicago, Illinois area and the greater Midwest area. It has approximately three concrete and aggregates businesses. The Firm also operates a recycled paperboard business, which sells internally to its wallboard business, as well as to external customers. It sells oil well cement and frac sand to shale deposit zones across the United States.
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