Sprucegrove Investment Management Ltd. raised its stake in shares of Eagle Materials Inc (NYSE:EXP – Free Report) by 1,671.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,400 shares of the construction company’s stock after acquiring an additional 11,700 shares during the quarter. Eagle Materials makes up about 0.3% of Sprucegrove Investment Management Ltd.’s portfolio, making the stock its 29th biggest position. Sprucegrove Investment Management Ltd.’s holdings in Eagle Materials were worth $2,563,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Park Avenue Securities LLC lifted its stake in shares of Eagle Materials by 1.5% during the 3rd quarter. Park Avenue Securities LLC now owns 2,962 shares of the construction company’s stock worth $690,000 after purchasing an additional 45 shares during the last quarter. Caisse de depot et placement du Quebec boosted its position in Eagle Materials by 3.6% during the third quarter. Caisse de depot et placement du Quebec now owns 1,426 shares of the construction company’s stock valued at $332,000 after purchasing an additional 50 shares in the last quarter. Signaturefd LLC grew its stake in Eagle Materials by 15.8% in the fourth quarter. Signaturefd LLC now owns 389 shares of the construction company’s stock valued at $80,000 after purchasing an additional 53 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Eagle Materials by 20.3% in the third quarter. Smartleaf Asset Management LLC now owns 326 shares of the construction company’s stock valued at $76,000 after purchasing an additional 55 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Eagle Materials by 5.9% in the fourth quarter. GAMMA Investing LLC now owns 1,048 shares of the construction company’s stock worth $217,000 after purchasing an additional 58 shares in the last quarter. 96.07% of the stock is currently owned by hedge funds and other institutional investors.
Eagle Materials Stock Up 2.4%
Shares of NYSE:EXP opened at $209.68 on Wednesday. Eagle Materials Inc has a 52-week low of $171.99 and a 52-week high of $243.64. The stock has a market cap of $6.59 billion, a P/E ratio of 15.87 and a beta of 1.38. The business has a fifty day moving average of $198.73 and a two-hundred day moving average of $212.97. The company has a quick ratio of 2.68, a current ratio of 4.27 and a debt-to-equity ratio of 1.17.
Eagle Materials Dividend Announcement
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Eagle Materials from $240.00 to $246.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Citigroup reduced their target price on shares of Eagle Materials from $232.00 to $224.00 and set a “neutral” rating for the company in a research report on Tuesday, February 3rd. JPMorgan Chase & Co. restated an “underweight” rating and set a $215.00 price target (down from $230.00) on shares of Eagle Materials in a research report on Monday, February 16th. Wall Street Zen cut shares of Eagle Materials from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Finally, Royal Bank Of Canada set a $208.00 price objective on shares of Eagle Materials in a report on Tuesday, February 24th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Eagle Materials presently has an average rating of “Hold” and an average target price of $228.82.
Read Our Latest Analysis on Eagle Materials
About Eagle Materials
Eagle Materials Inc (NYSE:EXP) is a Dallas, Texas–based manufacturer of building materials serving construction and heavy industry markets across the United States. The company’s primary products include portland and masonry cements, gypsum wallboard, lightweight aggregate, paperboard packaging, and roofing granules. These product lines support a wide range of end uses—from residential and commercial buildings to infrastructure projects and industrial applications.
Since its spin-off from a major homebuilding company in 2004, Eagle Materials has grown through targeted facility expansions and strategic acquisitions.
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