Redwood Investment Management LLC Reduces Position in Eagle Materials Inc. (NYSE:EXP)

Redwood Investment Management LLC decreased its position in Eagle Materials Inc. (NYSE:EXP) by 12.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,870 shares of the construction company’s stock after selling 815 shares during the period. Redwood Investment Management LLC’s holdings in Eagle Materials were worth $1,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its holdings in shares of Eagle Materials by 53.0% in the fourth 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 period. Huntington National Bank increased its holdings in Eagle Materials by 154.8% in the 4th quarter. Huntington National Bank now owns 237 shares of the construction company’s stock worth $58,000 after buying an additional 144 shares during the period. R Squared Ltd acquired a new position in Eagle Materials in the 4th quarter worth approximately $81,000. LGT Financial Advisors LLC raised its position in 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 buying an additional 310 shares during the last quarter. Finally, Transce3nd LLC acquired a new stake in Eagle Materials during the 4th quarter valued at approximately $125,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Trading Down 0.0%

Shares of NYSE:EXP opened at $234.34 on Friday. The business’s 50 day moving average price is $222.28 and its 200-day moving average price is $250.07. Eagle Materials Inc. has a 1 year low of $201.61 and a 1 year high of $321.93. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 16.74 and a beta of 1.36. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Stifel Nicolaus started coverage on shares of Eagle Materials in a research note on Tuesday, March 4th. They issued a “hold” rating and a $242.00 price objective on the stock. Loop Capital reduced their price target on Eagle Materials from $280.00 to $245.00 and set a “hold” rating for the company in a research report on Tuesday, April 1st. Stephens reissued an “overweight” rating and issued a $310.00 price target on shares of Eagle Materials in a report 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 on the stock in a research note on Thursday, January 30th. Finally, Truist Financial decreased their target price 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. 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, Eagle Materials has an average rating of “Hold” and a consensus price target of $274.40.

About Eagle Materials

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.