Van ECK Associates Corp Has $164,000 Stock Holdings in Eagle Materials Inc. (NYSE:EXP)

Van ECK Associates Corp increased its holdings in shares of Eagle Materials Inc. (NYSE:EXP – Get Rating) by 8.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,234 shares of the construction company’s stock after purchasing an additional 101 shares during the period. Van ECK Associates Corp’s holdings in Eagle Materials were worth $164,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in EXP. Meritage Portfolio Management grew its position in shares of Eagle Materials by 3.6% during the 4th quarter. Meritage Portfolio Management now owns 1,987 shares of the construction company’s stock worth $264,000 after buying an additional 69 shares during the period. Synovus Financial Corp grew its holdings in Eagle Materials by 2.7% in the fourth quarter. Synovus Financial Corp now owns 2,716 shares of the construction company’s stock worth $361,000 after purchasing an additional 71 shares during the period. Pallas Capital Advisors LLC increased its stake in Eagle Materials by 0.7% in the fourth quarter. Pallas Capital Advisors LLC now owns 11,302 shares of the construction company’s stock valued at $1,587,000 after purchasing an additional 73 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Eagle Materials by 23.6% during the fourth quarter. Fifth Third Bancorp now owns 388 shares of the construction company’s stock valued at $52,000 after purchasing an additional 74 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of Eagle Materials by 4.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,372 shares of the construction company’s stock worth $315,000 after purchasing an additional 102 shares in the last quarter. 93.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. StockNews.com assumed coverage on Eagle Materials in a research note on Thursday. They set a “buy” rating on the stock. The Goldman Sachs Group upped their price target on Eagle Materials from $130.00 to $149.00 and gave the stock a “buy” rating in a research note on Friday, January 27th. Loop Capital upped their price target on Eagle Materials from $145.00 to $160.00 and gave the stock a “hold” rating in a research note on Friday, April 21st. Finally, Raymond James upped their price target on Eagle Materials from $140.00 to $152.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 25th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.00.

Eagle Materials Stock Performance

EXP stock opened at $166.03 on Friday. The firm has a market cap of $5.99 billion, a PE ratio of 14.35 and a beta of 1.31. The company has a quick ratio of 1.17, a current ratio of 2.36 and a debt-to-equity ratio of 0.90. The business has a 50 day moving average of $145.88 and a 200-day moving average of $140.33. Eagle Materials Inc. has a 12-month low of $101.98 and a 12-month high of $166.72.

Eagle Materials Profile

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Eagle Materials, Inc engages in the provision of heavy construction materials and light building materials. It operates through the following segments: Cement, Concrete and Aggregates, Gypsum Wallboard, and Recycled Paperboard. The Cement segment deals with the manufacture, production, distribution, and sale of Portland cement.