Jacobs Levy Equity Management Inc. Has $828,000 Stock Position in Eagle Materials Inc. (NYSE:EXP)

Jacobs Levy Equity Management Inc. lowered its holdings in shares of Eagle Materials Inc. (NYSE:EXP) by 81.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,354 shares of the construction company’s stock after selling 15,184 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Eagle Materials were worth $828,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in EXP. JPMorgan Chase & Co. grew its stake in Eagle Materials by 60.3% during the third quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company’s stock worth $499,111,000 after purchasing an additional 652,836 shares during the period. Norges Bank acquired a new stake in Eagle Materials during the fourth quarter worth approximately $93,672,000. Raymond James Financial Inc. acquired a new stake in Eagle Materials during the fourth quarter worth approximately $38,115,000. Baupost Group LLC MA grew its stake in Eagle Materials by 27.6% during the fourth quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company’s stock worth $157,488,000 after purchasing an additional 137,950 shares during the period. Finally, ArrowMark Colorado Holdings LLC bought a new position in Eagle Materials in the fourth quarter worth approximately $28,778,000. Institutional investors and hedge funds own 96.07% of the company’s stock.

Eagle Materials Stock Up 2.3%

Shares of NYSE EXP opened at $239.95 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.76 and a quick ratio of 1.01. The stock has a market capitalization of $7.99 billion, a PE ratio of 17.14 and a beta of 1.36. Eagle Materials Inc. has a one year low of $201.61 and a one year high of $321.93. The business’s fifty day moving average price is $222.85 and its 200-day moving average price is $249.77.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on EXP shares. JPMorgan Chase & Co. cut their price target on Eagle Materials from $310.00 to $250.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Truist Financial cut 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. DA Davidson cut 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. Finally, Loop Capital cut 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $274.40.

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.