Eagle Materials Inc. (NYSE:EXP) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 12.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 136,347 shares of the construction company's stock after selling 19,322 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.41% of Eagle Materials worth $33,646,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in shares of Eagle Materials by 3.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,801,532 shares of the construction company's stock valued at $444,546,000 after buying an additional 66,399 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Eagle Materials by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 722,995 shares of the construction company's stock valued at $178,450,000 after buying an additional 15,388 shares in the last quarter. Baupost Group LLC MA lifted 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 valued at $157,488,000 after buying an additional 137,950 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Eagle Materials by 10.3% during the 4th quarter. Federated Hermes Inc. now owns 594,899 shares of the construction company's stock valued at $146,797,000 after buying an additional 55,578 shares in the last quarter. Finally, Epoch Investment Partners Inc. lifted its stake in shares of Eagle Materials by 2.4% during the 4th quarter. Epoch Investment Partners Inc. now owns 592,069 shares of the construction company's stock valued at $146,099,000 after buying an additional 13,988 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Eagle Materials Stock Up 2.3%

Shares of NYSE EXP traded up $5.39 during midday trading on Friday, reaching $239.95. 366,129 shares of the company's stock traded hands, compared to its average volume of 335,806. The company has a quick ratio of 1.01, a current ratio of 2.76 and a debt-to-equity ratio of 0.66. The stock's 50 day simple moving average is $222.85 and its 200-day simple moving average is $249.77. Eagle Materials Inc. has a one year low of $201.61 and a one year high of $321.93. The company has a market cap of $7.99 billion, a price-to-earnings ratio of 17.14 and a beta of 1.36.

Analysts Set New Price Targets

A number of analysts have issued reports on EXP shares. JPMorgan Chase & Co. reduced their price target on shares of Eagle Materials from $310.00 to $250.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Truist Financial reduced their price target on shares of Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus initiated coverage on shares of Eagle Materials in a report on Tuesday, March 4th. They issued a "hold" rating and a $242.00 price target on the stock. Loop Capital reduced their target price on shares of Eagle Materials from $280.00 to $245.00 and set a "hold" rating on the stock in a report on Tuesday, April 1st. Finally, Stephens restated an "overweight" rating and issued a $310.00 target price on shares of Eagle Materials in a report on Thursday, January 30th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $274.40.

Eagle Materials Company 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.