Twinbeech Capital LP Purchases New Position in Eagle Materials Inc. (NYSE:EXP)

Twinbeech Capital LP purchased a new stake in shares of Eagle Materials Inc. (NYSE:EXP) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,232 shares of the construction company’s stock, valued at approximately $6,226,000. Twinbeech Capital LP owned about 0.08% of Eagle Materials at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXP. Private Trust Co. NA boosted its stake in Eagle Materials by 53.0% during the fourth quarter. Private Trust Co. NA now owns 205 shares of the construction company’s stock valued at $51,000 after buying an additional 71 shares during the last quarter. Huntington National Bank boosted its stake in Eagle Materials by 154.8% during the fourth quarter. Huntington National Bank now owns 237 shares of the construction company’s stock valued at $58,000 after buying an additional 144 shares during the last quarter. R Squared Ltd bought a new position in Eagle Materials during the fourth quarter valued at approximately $81,000. LGT Financial Advisors LLC boosted its stake in Eagle Materials by 233.1% during the fourth quarter. LGT Financial Advisors LLC now owns 443 shares of the construction company’s stock valued at $109,000 after buying an additional 310 shares during the last quarter. Finally, Transce3nd LLC bought a new position in Eagle Materials during the fourth quarter valued at approximately $125,000. 96.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Stephens restated an “overweight” rating and set a $310.00 price objective on shares of Eagle Materials in a research report on Thursday, January 30th. Loop Capital decreased their price objective on Eagle Materials from $280.00 to $245.00 and set a “hold” rating on the stock in a research report on Tuesday, April 1st. JPMorgan Chase & Co. decreased their price objective 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. Stifel Nicolaus began coverage on Eagle Materials in a research report on Tuesday, March 4th. They set a “hold” rating and a $242.00 price objective on the stock. Finally, Truist Financial reduced 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. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $274.40.

Eagle Materials Trading Up 1.0%

EXP opened at $242.23 on Tuesday. The stock’s fifty day moving average is $223.51 and its two-hundred day moving average is $248.93. The company has a market capitalization of $8.06 billion, a P/E ratio of 17.30 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 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 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.