Eagle Materials Inc. (NYSE:EXP) Shares Acquired by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lifted its holdings in Eagle Materials Inc. (NYSE:EXP) by 54.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,368 shares of the construction company’s stock after purchasing an additional 5,395 shares during the period. Ensign Peak Advisors Inc’s holdings in Eagle Materials were worth $3,792,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in EXP. Private Trust Co. NA boosted its stake in Eagle Materials by 53.0% during the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock worth $51,000 after purchasing an additional 71 shares during the last quarter. Huntington National Bank boosted its position in Eagle Materials by 154.8% during the fourth quarter. Huntington National Bank now owns 237 shares of the construction company’s stock worth $58,000 after acquiring an additional 144 shares during the last quarter. R Squared Ltd acquired a new position in Eagle Materials during the fourth quarter worth about $81,000. LGT Financial Advisors LLC grew its position in shares of Eagle Materials by 233.1% in the fourth quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company’s stock valued at $109,000 after purchasing an additional 310 shares in the last quarter. Finally, Transce3nd LLC acquired a new stake in shares of Eagle Materials in the fourth quarter valued at approximately $125,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Down 1.4%

EXP stock opened at $234.70 on Thursday. The company has a market cap of $7.81 billion, a P/E ratio of 16.76 and a beta of 1.36. Eagle Materials Inc. has a 52 week low of $201.61 and a 52 week high of $321.93. The company’s 50-day moving average price is $221.91 and its 200 day moving average price is $250.44. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66.

Analysts Set New Price Targets

Several analysts have recently commented on EXP shares. Stephens reaffirmed an “overweight” rating and set a $310.00 price target on shares of Eagle Materials in a research report on Thursday, January 30th. Stifel Nicolaus began coverage on Eagle Materials in a research note on Tuesday, March 4th. They issued a “hold” rating and a $242.00 price objective for the company. DA Davidson dropped their target price on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. JPMorgan Chase & Co. dropped their target price on Eagle Materials from $310.00 to $250.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Finally, Loop Capital dropped their target price on Eagle Materials from $280.00 to $245.00 and set a “hold” rating on the stock in a report on Tuesday, April 1st. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $274.40.

Eagle Materials Company Profile

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.