Crossmark Global Holdings Inc. reduced its position in Eagle Materials, Inc. (NYSE:EXP) by 3.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,753 shares of the construction company’s stock after selling 170 shares during the period. Crossmark Global Holdings Inc.’s holdings in Eagle Materials were worth $401,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Eagle Materials by 1.1% during the 4th quarter. BlackRock Inc. now owns 4,328,050 shares of the construction company’s stock worth $264,142,000 after acquiring an additional 45,955 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Eagle Materials by 4.3% during the 4th quarter. Bank of New York Mellon Corp now owns 2,299,538 shares of the construction company’s stock worth $140,339,000 after acquiring an additional 94,338 shares in the last quarter. Ardevora Asset Management LLP acquired a new position in Eagle Materials during the 4th quarter worth approximately $34,958,000. Two Sigma Advisers LP lifted its position in Eagle Materials by 1,587.1% during the 4th quarter. Two Sigma Advisers LP now owns 504,078 shares of the construction company’s stock worth $30,764,000 after acquiring an additional 474,200 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Eagle Materials by 6.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 498,229 shares of the construction company’s stock worth $30,407,000 after acquiring an additional 31,233 shares in the last quarter. 95.90% of the stock is currently owned by institutional investors and hedge funds.
EXP stock opened at $91.07 on Friday. The company has a current ratio of 2.38, a quick ratio of 0.87 and a debt-to-equity ratio of 0.54. Eagle Materials, Inc. has a 52-week low of $57.00 and a 52-week high of $115.75. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 1.97 and a beta of 1.36.
Several equities analysts recently commented on the company. Citigroup boosted their price target on Eagle Materials from $101.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday. Raymond James boosted their price target on Eagle Materials from $95.00 to $97.00 and gave the stock an “outperform” rating in a research report on Friday. Zacks Investment Research raised Eagle Materials from a “sell” rating to a “hold” rating in a research report on Friday. TheStreet raised Eagle Materials from a “c+” rating to a “b-” rating in a research report on Monday, April 15th. Finally, ValuEngine raised Eagle Materials from a “sell” rating to a “hold” rating in a research report on Saturday, March 30th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $104.95.
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Eagle Materials Profile
Eagle Materials Inc, through its subsidiaries, produces and supplies heavy construction materials, light building materials, and materials used for oil and natural gas extraction in the United States. It operates in five segments: Cement, Concrete and Aggregates, Gypsum Wallboard, Recycled Paperboard, and Oil and Gas Proppants.
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