Eagle Materials Inc. (NYSE:EXP) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its stake in Eagle Materials Inc. (NYSE:EXP) by 21.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,291 shares of the construction company’s stock after selling 1,202 shares during the quarter. Cresset Asset Management LLC’s holdings in Eagle Materials were worth $1,060,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in Eagle Materials by 3.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,801,532 shares of the construction company’s stock valued at $444,546,000 after purchasing an additional 66,399 shares in the last quarter. Geode Capital Management LLC raised its position in Eagle Materials by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 722,995 shares of the construction company’s stock valued at $178,450,000 after purchasing an additional 15,388 shares in the last quarter. Baupost Group LLC MA raised its position in Eagle Materials by 27.6% in the 4th quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company’s stock valued at $157,488,000 after purchasing an additional 137,950 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Eagle Materials by 10.3% during the 4th quarter. Federated Hermes Inc. now owns 594,899 shares of the construction company’s stock worth $146,797,000 after acquiring an additional 55,578 shares in the last quarter. Finally, Epoch Investment Partners Inc. raised its position in shares of Eagle Materials by 2.4% during the 4th quarter. Epoch Investment Partners Inc. now owns 592,069 shares of the construction company’s stock worth $146,099,000 after acquiring an additional 13,988 shares in the last quarter. Institutional investors and hedge funds own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on EXP shares. Stifel Nicolaus started coverage on Eagle Materials in a research report on Tuesday, March 4th. They set a “hold” rating and a $242.00 target price on the stock. DA Davidson cut their target price on Eagle Materials from $265.00 to $260.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. JPMorgan Chase & Co. cut their target price on Eagle Materials from $310.00 to $250.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Truist Financial cut their target price on Eagle Materials from $330.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Finally, Stephens reissued an “overweight” rating and set a $310.00 target price on shares of Eagle Materials in a research report on Thursday, January 30th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $274.40.

Eagle Materials Stock Performance

EXP opened at $229.83 on Monday. The firm has a market cap of $7.65 billion, a price-to-earnings 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 business’s 50 day moving average is $220.79 and its two-hundred day moving average is $250.98. 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 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.