First Eagle Investment Management LLC bought a new stake in Eagle Materials Inc (NYSE:EXP – Free Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 51,334 shares of the construction company’s stock, valued at approximately $10,610,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc raised its holdings in shares of Eagle Materials by 130.9% in the third quarter. Versant Capital Management Inc now owns 127 shares of the construction company’s stock valued at $30,000 after buying an additional 72 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Eagle Materials in the third quarter valued at about $30,000. Measured Wealth Private Client Group LLC bought a new position in shares of Eagle Materials in the third quarter valued at about $34,000. EverSource Wealth Advisors LLC raised its holdings in shares of Eagle Materials by 102.4% in the second quarter. EverSource Wealth Advisors LLC now owns 172 shares of the construction company’s stock valued at $35,000 after buying an additional 87 shares during the last quarter. Finally, Eastern Bank bought a new position in shares of Eagle Materials in the third quarter valued at about $49,000. Institutional investors and hedge funds own 96.07% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on EXP. Royal Bank Of Canada set a $208.00 price target on Eagle Materials in a report on Tuesday, February 24th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $215.00 price target (down from $230.00) on shares of Eagle Materials in a report on Monday, February 16th. Wall Street Zen cut Eagle Materials from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Zacks Research raised Eagle Materials from a “strong sell” rating to a “hold” rating in a report on Monday, March 23rd. Finally, DA Davidson cut their price target on Eagle Materials from $225.00 to $210.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Two investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $228.82.
Eagle Materials Stock Performance
Shares of NYSE:EXP opened at $202.01 on Wednesday. The stock has a market capitalization of $6.35 billion, a P/E ratio of 15.29 and a beta of 1.38. Eagle Materials Inc has a 1-year low of $171.99 and a 1-year high of $243.64. The company has a current ratio of 4.27, a quick ratio of 2.68 and a debt-to-equity ratio of 1.17. The business has a 50-day moving average price of $197.07 and a two-hundred day moving average price of $211.97.
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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