Eagle Materials Inc. (NYSE:EXP) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp increased its position in Eagle Materials Inc. (NYSE:EXP) by 39.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 10,537 shares of the construction company’s stock after acquiring an additional 2,993 shares during the period. Van ECK Associates Corp’s holdings in Eagle Materials were worth $2,137,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Larson Financial Group LLC acquired a new position in Eagle Materials in the third quarter valued at $25,000. Planned Solutions Inc. purchased a new stake in shares of Eagle Materials in the fourth quarter worth about $35,000. Headlands Technologies LLC purchased a new stake in shares of Eagle Materials during the 3rd quarter valued at about $53,000. Covestor Ltd lifted its position in Eagle Materials by 112.6% during the 3rd quarter. Covestor Ltd now owns 321 shares of the construction company’s stock worth $54,000 after acquiring an additional 170 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in Eagle Materials in the 4th quarter worth approximately $67,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on EXP. Stephens upped their target price on shares of Eagle Materials from $250.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Stifel Nicolaus lifted their target price on Eagle Materials from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Truist Financial boosted their price target on Eagle Materials from $290.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. The Goldman Sachs Group raised their price objective on Eagle Materials from $238.00 to $273.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, StockNews.com lowered Eagle Materials from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $263.50.

Eagle Materials Stock Performance

Shares of EXP opened at $267.56 on Thursday. The stock has a market capitalization of $9.22 billion, a PE ratio of 18.88 and a beta of 1.35. The business’s fifty day moving average price is $257.72 and its 200 day moving average price is $220.28. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.61 and a quick ratio of 1.13. Eagle Materials Inc. has a 12-month low of $145.03 and a 12-month high of $272.72.

Insider Transactions at Eagle Materials

In other news, EVP Matt Newby sold 2,940 shares of Eagle Materials stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $251.15, for a total value of $738,381.00. Following the completion of the transaction, the executive vice president now directly owns 21,819 shares of the company’s stock, valued at approximately $5,479,841.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.70% of the company’s stock.

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; 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.