Price Action Report: Eagle Materials, Inc. Increases Again; Strong Momentum for Buyers

Price Action Report: Eagle Materials, Inc. Increases Again; Strong Momentum for Buyers

The stock of Eagle Materials, Inc. (NYSE:EXP) is a huge mover today! About 471,812 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.
The move comes after 6 months positive chart setup for the $4.97 billion company. It was reported on Dec, 1 by Barchart.com. We have $104.80 PT which if reached, will make NYSE:EXP worth $298.20 million more.

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 $56.30M for 22.07 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. CL King upgraded the stock to “Buy” rating in Tuesday, October 4 report. The stock of Eagle Materials, Inc. (NYSE:EXP) has “Strong Buy” rating given on Monday, December 14 by CL King. The firm earned “Buy” rating on Tuesday, December 15 by Citigroup. The rating was downgraded by CL King to “Neutral” on Tuesday, July 26. On Wednesday, August 5 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock has “Neutral” rating given by Goldman Sachs on Friday, November 20. The stock has “Buy” rating given by Stifel Nicolaus on Friday, October 23. The stock of Eagle Materials, Inc. (NYSE:EXP) has “Buy” rating given on Monday, March 28 by BB&T Capital. The company was maintained on Monday, April 18 by Citigroup. The rating was downgraded by Standpoint Research on Wednesday, November 9 to “Hold”.

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 Q2 2016. Its down 0.01, from 1.12 in 2016Q1. The ratio turned negative, 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.
Advisory Rech holds 572,097 shares or 0.76% of its portfolio. Swiss Commercial Bank last reported 82,000 shares in the company. Federated Investors Inc Pa accumulated 634,628 shares or 0.14% of the stock. The Florida-based Carl Domino has invested 0.26% in Eagle Materials, Inc. (NYSE:EXP). Schwab Charles Invest Management Incorporated accumulated 165,970 shares or 0.02% of the stock. State Bank Of Mellon, a New York-based fund reported 506,240 shares. The Nevada-based Whittier Tru Communications Of Nevada Incorporated has invested 0% in Eagle Materials, Inc. (NYSE:EXP). Utd Capital Advisers Limited Liability Co holds 0.03% of its portfolio in Eagle Materials, Inc. (NYSE:EXP) for 32,975 shares. Great West Life Assurance Can owns 4,930 shares or 0% of their US portfolio. Par Mngmt last reported 0.78% of its portfolio in the stock. M&T State Bank has 0% invested in the company for 2,614 shares. The Iowa-based Principal Fin Group has invested 0.02% in Eagle Materials, Inc. (NYSE:EXP). Hillsdale Inv Mngmt Incorporated has invested 0.1% of its portfolio in Eagle Materials, Inc. (NYSE:EXP). Findlay Park Llp holds 0.8% or 903,875 shares in its portfolio. Cubist Systematic Strategies Limited Com owns 6,228 shares or 0.03% of their US portfolio.

Insider Transactions: Since June 28, 2016, the stock had 0 insider purchases, and 9 sales for $8.70 million net activity. 16,221 shares with value of $1.39 million were sold by BARNETT F WILLIAM on Thursday, July 28. Shares for $793,082 were sold by STEWART RICHARD ROSS on Tuesday, June 28. Metcalf Keith W had sold 15,775 shares worth $1.31M. ESSL GERALD J had sold 9,523 shares worth $798,625. The insider Devlin William R sold 4,098 shares worth $338,018. 18,198 shares were sold by Graass James H, worth $1.45M. STEWART ROBERT S had sold 12,098 shares worth $1.03M on Thursday, July 28.

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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