#5 - Eagle Materials (NYSE:EXP)
Another way for you to invest in a housing downturn is to invest in the companies that offer the building materials that will be needed as the nation rebuilds its infrastructure. And one of those companies is Eagle Materials (NYSE:EXP).
Eagle Materials supplies both the heavy construction materials and light building materials that will be in demand as the nation undertakes a variety of projects. That’s being reflected in the company’s revenue and earnings which are up on a year-over-year basis. That trend is likely to continue with single digit growth in revenue and earnings.
EXP stock has a Moderate Buy rating by a consensus of analysts tracked by MarketBeat. And the stock has a 12% upside from its current price. And unlike some of the stocks on this list, EXP stock looks to have a fair valuation and may even be slightly undervalued. On the other hand, Eagle Materials does not pay a significant dividend.
About Eagle Materials
Eagle Materials Inc, through its subsidiaries, manufactures and sells heavy construction materials and light building materials in the United States. It operates in four segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The company engages in the mining of limestone for the manufacture, production, distribution, and sale of Portland cement, including Portland limestone cement; grinding and sale of slag; and mining of gypsum for the manufacture and sale of gypsum wallboards used to finish the interior walls and ceilings in residential, commercial, and industrial structures, as well as well as containerboard and lightweight packaging grades; manufacture and sale of recycled paperboard to the gypsum wallboard industry and other paperboard converters; the sale of readymix concrete; and mining and sale of aggregates, such as crushed stone, sand, and gravel.
Read More - Current Price
- $295.74
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 7 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $303.78 (2.7% Upside)
