Is Eagle Materials (NYSE:EXP) Now a Sell? Find Out What Citigroup Thinks


How Citigroup Currently Rates Eagle Materials (NYSE:EXP)

In an interesting research report issued to investors and clients on Tuesday, 15 December, Citigroup analyst just launched coverage of Eagle Materials (NYSE:EXP) with “Buy” rating.

From a total of 7 analysts covering Eagle Materials (NYSE:EXP) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 40% of the ratings are positive. The highest target price is $100 while the lowest target price is $67.78. The mean of all analyst targets is $80.83 with a 29.55% above today’s ($60.21) stock price. Eagle Materials was the topic of 5 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. CL King upgraded shares on December 14 to “Strong Buy” rating. Stifel Nicolaus maintained EXP stock in a recent report from October 23 with “Buy” rating.

The stock increased 1.81% or $1.07 on December 15, striking $60.21. Approximately 962,754 shares of stock traded hands or 39.59% up from the average. Eagle Materials, Inc. (NYSE:EXP) has declined 30.51% since May 12, 2015 and is downtrending. It has underperformed by 26.84% the S&P500.

The overall sentiment of institutions has increased to 1.21 in Q2 2015. Its up 0.13, from 1.08 in 2015Q2. The ratio improved, as 41 institutions have sold all the shares of Eagle Materials, Inc. that they owned while 77 funds have taken shares off the table. 41 funds have purchased shares for the first time while 102 added to their positions. These institutions now hold 54.93 million shares or 19.86% more than the 45.83 million shares they owned in 2015Q2.

The Fund Lodge Hill Capital Llc currently is holding shares equating to 6.49% of its total portfolio in Eagle Materials, Inc. representing a total of 445,000 shares. Another fund,Impala Asset Management Llc, is holding a total of 1.52 million shares equating to 6.25% of their holdings. Additionally, Gates Capital Management Inc. has a 2.18 million share stake in Eagle Materials, Inc. which represents 5.76% of their total portfolio. The Fund, Kortright Capital Partners Lp, based out of New York, has also built up a stake in the stock, which represents a total of 4.86% of their total portfolio. Finally Ack Asset Management Llc, a fund which is based in the state of New York reported a total holdings of 150,000 shares.

Insider activity is a very important aspect to track on any stock. Going back to June 19, 2015, shareholders of Eagle Materials, Inc. have witnessed 0 insider buys, and a total of 2 insider sales equating to a net activity of approximately $195,700 . Graass James H sold 1,500 shares worth approximately $123,000. Devlin William R sold 924 shares worth approximately $72,700.

Eagle Materials Inc. manufactures and distributes gypsum wallboard and also makes and sells cement. The company has a market cap of $2.93 billion. Gypsum wallboard is distributed throughout the United States, in the geographic markets nearest to its production facilities. It has 18.24 P/E ratio. The Firm sells cement in six regional markets, including northern Nevada and California, the greater Chicago area, the Rocky Mountain region, the Central Plains region and Texas.

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.”