Belpointe Asset Management LLC Makes New $71,000 Investment in Eagle Materials Inc. (NYSE:EXP)

Belpointe Asset Management LLC purchased a new stake in shares of Eagle Materials Inc. (NYSE:EXP – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 533 shares of the construction company’s stock, valued at approximately $71,000.

Other hedge funds have also made changes to their positions in the company. LSV Asset Management acquired a new stake in shares of Eagle Materials in the fourth quarter worth $141,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Eagle Materials during the 4th quarter worth about $493,000. Van ECK Associates Corp grew its stake in Eagle Materials by 8.9% during the 4th quarter. Van ECK Associates Corp now owns 1,234 shares of the construction company’s stock valued at $164,000 after acquiring an additional 101 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Eagle Materials by 3.1% in the 4th quarter. California Public Employees Retirement System now owns 96,677 shares of the construction company’s stock valued at $12,844,000 after purchasing an additional 2,886 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Eagle Materials by 0.4% during the fourth quarter. Swiss National Bank now owns 91,000 shares of the construction company’s stock worth $12,089,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 93.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EXP. Loop Capital increased their price objective on Eagle Materials from $145.00 to $160.00 and gave the stock a “hold” rating in a report on Friday, April 21st. The Goldman Sachs Group lifted their price target on Eagle Materials from $130.00 to $149.00 and gave the company a “buy” rating in a report on Friday, January 27th. Truist Financial increased their price objective on Eagle Materials from $155.00 to $195.00 in a report on Friday. Raymond James lifted their target price on shares of Eagle Materials from $140.00 to $152.00 and gave the company an “outperform” rating in a research note on Wednesday, January 25th. Finally, StockNews.com assumed coverage on shares of Eagle Materials in a research report on Thursday. They issued a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $164.86.

Eagle Materials Price Performance

NYSE EXP opened at $167.21 on Monday. Eagle Materials Inc. has a 1 year low of $101.98 and a 1 year high of $169.19. The company has a fifty day simple moving average of $146.50 and a 200 day simple moving average of $140.93. The company has a current ratio of 2.45, a quick ratio of 1.17 and a debt-to-equity ratio of 0.97. The company has a market cap of $6.03 billion, a P/E ratio of 13.42 and a beta of 1.31.

Eagle Materials (NYSE:EXP – Get Rating) last released its quarterly earnings results on Thursday, May 18th. The construction company reported $2.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.44. The company had revenue of $470.10 million during the quarter, compared to analysts’ expectations of $452.11 million. Eagle Materials had a net margin of 21.49% and a return on equity of 40.09%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.90 earnings per share. On average, sell-side analysts predict that Eagle Materials Inc. will post 12.73 EPS for the current year.

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.