Eagle Materials Inc was Downgraded to a Hold Rating at Standpoint Research

By Ryan Adsit

Standpoint Research analyst Ronnie Moas downgraded Eagle Materials Inc (NYSE: EXP) to Hold today. The company’s shares opened today at $91.13, close to its 52-week high of $93.57.

According to TipRanks.com, Moas is a top 100 analyst with an average return of 5.0% and a 70.2% success rate. Moas covers the Technology sector, focusing on stocks such as Lexmark International, Nuance Communications, and Ultra Clean Holdings.

Eagle Materials Inc has an analyst consensus of Moderate Buy.

The company has a one year high of $93.57 and a one year low of $45.03. Currently, Eagle Materials Inc has an average volume of 637.7K.

Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock.

Eagle Materials, Inc. is engaged in the manufacturing and distribution of gypsum wallboard and cement. The company operates through four reportable segments: Cement, Concrete & Aggregates, Gypsum Wallboard and Recycled Paperboard. The Cement segment consists of raw material used in the production of portland cement which is calcium carbonate in the form of limestone. The Concrete & Aggregates segment consists of ready mix concrete, a building material which is used in construction. The Gypsum Wallboard segment consists of natural gypsum rock which is used in the manufacture of gypsum wallboard. The Recycled Paperboard segment includes paper fiber, water and paper chemicals and these recycled paperboards are sold to gypsum wallboard manufacturers. Eagle Materials was founded in 1963 and is headquartered in Dallas, TX.