Janus Henderson Group PLC Sells 2,486 Shares of Eagle Materials Inc. (NYSE:EXP)

Janus Henderson Group PLC trimmed its stake in Eagle Materials Inc. (NYSE:EXP) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,333 shares of the construction company’s stock after selling 2,486 shares during the period. Janus Henderson Group PLC’s holdings in Eagle Materials were worth $28,459,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EXP. Private Trust Co. NA lifted its stake in shares of Eagle Materials by 53.0% in the 4th quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock valued at $51,000 after purchasing an additional 71 shares during the last quarter. Huntington National Bank lifted its stake in Eagle Materials by 154.8% in the fourth quarter. Huntington National Bank now owns 237 shares of the construction company’s stock worth $58,000 after purchasing an additional 144 shares during the last quarter. R Squared Ltd bought a new stake in Eagle Materials in the fourth quarter worth about $81,000. LGT Financial Advisors LLC raised its holdings 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 worth $109,000 after buying an additional 310 shares during the period. Finally, Transce3nd LLC purchased a new stake in shares of Eagle Materials in the fourth quarter worth approximately $125,000. 96.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EXP shares. Stifel Nicolaus started coverage on Eagle Materials in a report on Tuesday, March 4th. They issued a “hold” rating and a $242.00 price target on the stock. DA Davidson reduced their price target on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a report on Thursday, January 30th. Truist Financial reduced their price target on Eagle Materials from $330.00 to $280.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Stephens reiterated an “overweight” rating and issued a $310.00 price target on shares of Eagle Materials in a report on Thursday, January 30th. Finally, Loop Capital reduced their price target 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $274.40.

Eagle Materials Trading Down 1.4%

EXP opened at $234.70 on Thursday. The stock’s fifty day moving average is $221.91 and its two-hundred day moving average is $250.44. The company has a market capitalization 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 has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66.

Eagle Materials 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.