Yesterday’s Upgrade Review: Eagle Materials, Inc (EXP)

Eagle Materials, Inc. (NYSE:EXP) received a stock rating upgrade from BB&T Capital Markets on Mar-28-16. In a note to investors, the firm issued a Buy rating and also issued the target price on the stock of $80. The analysts previously had a Hold rating on the stock.

Analysts have a consensus target price of $ 70.51 in the 12-month period. The price objective is 2.04% higher than the recent closing price of $ 69.10. The 52-week price range is $ 45.03 – 88.42 and the company has a market capitalization of $ 3.41B. Analysts covering the shares maintain a consensus Strong Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 2 has assigned a hold rating, zero says it’s a buy, and 3 have assigned a strong buy rating to the company.

Eagle Materials, Inc. (EXP) on February 2, 2016 declared a quarterly cash dividend of $0.10 per share, payable on May 13, 2016, to stockholders of record of its Common Stock at the close of business on April 15, 2016.

Eagle Materials Inc. produces and sells construction products and building materials used in residential, industrial, commercial, and infrastructure construction; and products used in oil and natural gas extraction in the United States. The company operates in five segments: Cement, Gypsum Wallboard, Recycled Paperboard, Concrete and Aggregates, and Oil and Gas Proppants. The Cement segment is involved in the mining of limestone; and manufacture, production, distribution, and sale of portland cement, as well as specialty oil well cement. The Gypsum Wallboard segment engages in the mining of gypsum; and manufacture and sale of gypsum wallboard used to finish the interior walls and ceilings in residential, commercial, and industrial structures. The Recycled Paperboard manufactures and sells recycled paperboard to gypsum wallboard manufacturers and other industrial users. This segment also offers containerboard grades, lightweight packaging grades, and recycled industrial paperboard grades. The Concrete and Aggregates segment is involved in the sale of readymix concrete; and mining, extraction, production, and sale of crushed stone, sand, and gravel, as well as lightweight aggregates, such as expanded clays and shales. This segment’s products are used primarily in commercial and residential construction; public construction projects; and projects to build, expand, and repair roads and highways, as well as in oil and natural gas extraction. The Oil and Gas Proppants segment engages in the mining and sale of sand used in hydraulic fracturing in the energy industry.

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