Hudson Bay Capital Management LP Makes New $12.34 Million Investment in Eagle Materials Inc. (NYSE:EXP)

Hudson Bay Capital Management LP bought a new position in shares of Eagle Materials Inc. (NYSE:EXP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 50,000 shares of the construction company’s stock, valued at approximately $12,338,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Private Trust Co. NA lifted its holdings in shares of 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 acquiring an additional 71 shares during the period. Huntington National Bank lifted its holdings in shares of Eagle Materials by 154.8% during the 4th 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 period. R Squared Ltd bought a new stake in shares of Eagle Materials during the 4th quarter worth approximately $81,000. LGT Financial Advisors LLC lifted its holdings in shares of Eagle Materials by 233.1% during the 4th quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company’s stock worth $109,000 after acquiring an additional 310 shares during the period. Finally, Transce3nd LLC bought a new stake in shares of Eagle Materials during the 4th quarter worth approximately $125,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Eagle Materials from $310.00 to $250.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Stephens reissued an “overweight” rating and issued a $310.00 price objective on shares of Eagle Materials in a research note on Thursday, January 30th. DA Davidson dropped their price objective on shares of Eagle Materials from $265.00 to $260.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Truist Financial dropped their price objective on shares of Eagle Materials from $330.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Finally, Loop Capital dropped their price objective on shares of Eagle Materials from $280.00 to $245.00 and set a “hold” rating for the company in a research note on Tuesday, April 1st. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $274.40.

Eagle Materials Price Performance

EXP stock opened at $229.83 on Monday. The company has a fifty day moving average price of $220.79 and a 200-day moving average price of $250.98. The company has a market capitalization of $7.65 billion, a P/E ratio of 16.42 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 has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76.

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.