The stock of Eagle Materials, Inc. (NYSE:EXP) hit a new 52-week high and has $105.60 target or 7.00% above today’s $98.69 share price. The 6 months bullish chart indicates low risk for the $4.96B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $105.60 price target is reached, the company will be worth $347.20 million 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 748,059 shares traded hands. Eagle Materials, Inc. (NYSE:EXP) has risen 31.17% since April 28, 2016 and is uptrending. It has outperformed by 25.25% the S&P500.
Analysts await Eagle Materials, Inc. (NYSE:EXP) to report earnings on January, 26. They expect $1.12 earnings per share, up 21.74% or $0.20 from last year’s $0.92 per share. EXP’s profit will be $56.30 million for 22.03 P/E if the $1.12 EPS becomes a reality. After $1.25 actual earnings per share reported by Eagle Materials, Inc. for the previous quarter, Wall Street now forecasts -10.40% negative EPS growth.
Eagle Materials, Inc. (NYSE:EXP) Ratings Coverage
Out of 8 analysts covering Eagle Materials (NYSE:EXP), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Eagle Materials has been the topic of 16 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Citigroup initiated the shares of EXP in a report on Tuesday, December 15 with “Buy” rating. On Friday, October 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Eagle Materials, Inc. (NYSE:EXP) earned “Hold” rating by Standpoint Research on Wednesday, November 9. As per Monday, March 28, the company rating was initiated by Standpoint Research. The stock has “Buy” rating given by Citigroup on Monday, April 18. The firm earned “Neutral” rating on Tuesday, July 26 by CL King. Standpoint Research upgraded the stock to “Buy” rating in Tuesday, October 4 report. The stock of Eagle Materials, Inc. (NYSE:EXP) earned “Neutral” rating by Goldman Sachs on Friday, November 20. The stock has “Buy” rating given by BB&T Capital on Monday, March 28. Longbow downgraded Eagle Materials, Inc. (NYSE:EXP) on Friday, October 9 to “Neutral” rating.
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 decreased to 1.11 in 2016 Q2. Its down 0.01, from 1.12 in 2016Q1. The ratio fall, 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.
Menta Capital Llc, a California-based fund reported 24,466 shares. Gotham Asset Mngmt Ltd Liability Corporation reported 218,905 shares or 0.2% of all its holdings. Commonwealth Equity Svcs has 0% invested in the company for 2,956 shares. Whittier last reported 21,488 shares in the company. Adage Cap Prtn Group Ltd Co has invested 0.04% of its portfolio in Eagle Materials, Inc. (NYSE:EXP). American Natl Ins Tx has invested 0.2% of its portfolio in Eagle Materials, Inc. (NYSE:EXP). Proshare Limited Liability Company has 0% invested in the company for 4,372 shares. Advisory Ntwk Ltd Com accumulated 0.1% or 5,645 shares. Rhumbline Advisers owns 92,351 shares or 0.02% of their US portfolio. Blackrock Group Inc Limited has invested 0% of its portfolio in Eagle Materials, Inc. (NYSE:EXP). Cramer Rosenthal Mcglynn Ltd Com holds 408,066 shares or 0.51% of its portfolio. Nationwide Fund Advsrs, a Pennsylvania-based fund reported 82,000 shares. Oakbrook Invests Limited Liability Corporation reported 4,900 shares or 0.02% of all its holdings. Linscomb And Williams owns 7,150 shares or 0.06% of their US portfolio. Rafferty Asset Mngmt last reported 7,663 shares in the company.
Insider Transactions: Since June 28, 2016, the stock had 0 insider buys, and 9 sales for $8.70 million net activity. STEWART RICHARD ROSS sold $793,082 worth of stock or 10,888 shares. 7,000 shares with value of $644,000 were sold by Devlin William R on Wednesday, November 9. Metcalf Keith W sold 15,775 shares worth $1.31M. 9,523 shares with value of $798,625 were sold by ESSL GERALD J on Monday, November 7. STEWART ROBERT S had sold 12,098 shares worth $1.03M on Thursday, July 28. 18,198 shares were sold by Graass James H, worth $1.45M. On Thursday, July 28 the insider BARNETT F WILLIAM sold $1.39M.
More 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 published the news titled: “Eagle Materials, Inc. Earnings Are Cemented by Strong Volumes” on July 25, 2016. Businesswire.com‘s news article titled: “Eagle Materials Inc. Appoints George Damiris to Its Board of Directors” with publication date: September 27, 2016 was also an interesting one.
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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