4,451 Shares in Eagle Materials Inc. (NYSE:EXP) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new position in Eagle Materials Inc. (NYSE:EXP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,451 shares of the construction company’s stock, valued at approximately $1,098,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EXP. JPMorgan Chase & Co. boosted its holdings in Eagle Materials by 60.3% in 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 last quarter. Norges Bank purchased a new position in shares of Eagle Materials during the 4th quarter worth $93,672,000. Raymond James Financial Inc. purchased a new position in shares of Eagle Materials during the 4th quarter worth $38,115,000. Baupost Group LLC MA boosted its stake in shares of Eagle Materials by 27.6% during the 4th quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company’s stock worth $157,488,000 after acquiring an additional 137,950 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC purchased a new position in shares of Eagle Materials during the 4th quarter worth $28,778,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Eagle Materials Stock Performance

Shares of NYSE EXP opened at $239.95 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. The company has a market cap of $7.99 billion, a P/E ratio of 17.14 and a beta of 1.36. The firm’s fifty day moving average is $222.85 and its two-hundred day moving average is $249.25. Eagle Materials Inc. has a 52-week low of $201.61 and a 52-week high of $321.93.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on EXP shares. Loop Capital dropped their price target on shares of Eagle Materials from $280.00 to $245.00 and set a “hold” rating on the stock in a research note on Tuesday, April 1st. Truist Financial dropped their price target on shares of Eagle Materials from $330.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus started coverage on shares of Eagle Materials in a research note on Tuesday, March 4th. They set a “hold” rating and a $242.00 price target on the stock. DA Davidson dropped their price target 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, JPMorgan Chase & Co. dropped their price target on shares of Eagle Materials from $310.00 to $250.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Eagle Materials currently has an average rating of “Hold” and an average target price 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.