Bank of America Corp DE Has $51.54 Million Stock Holdings in Eagle Materials Inc. (NYSE:EXP)

Bank of America Corp DE trimmed its stake in Eagle Materials Inc. (NYSE:EXP - Free Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 208,848 shares of the construction company's stock after selling 2,495 shares during the quarter. Bank of America Corp DE owned approximately 0.63% of Eagle Materials worth $51,535,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in shares of Eagle Materials by 3.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,801,532 shares of the construction company's stock valued at $444,546,000 after purchasing an additional 66,399 shares during the period. Geode Capital Management LLC increased its holdings in shares of Eagle Materials by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 722,995 shares of the construction company's stock valued at $178,450,000 after purchasing an additional 15,388 shares during the period. Baupost Group LLC MA increased its holdings in shares of Eagle Materials by 27.6% during the fourth quarter. Baupost Group LLC MA now owns 638,223 shares of the construction company's stock valued at $157,488,000 after purchasing an additional 137,950 shares during the period. Federated Hermes Inc. grew its holdings in Eagle Materials by 10.3% during the fourth quarter. Federated Hermes Inc. now owns 594,899 shares of the construction company's stock worth $146,797,000 after acquiring an additional 55,578 shares during the period. Finally, Epoch Investment Partners Inc. grew its holdings in Eagle Materials by 2.4% during the fourth quarter. Epoch Investment Partners Inc. now owns 592,069 shares of the construction company's stock worth $146,099,000 after acquiring an additional 13,988 shares during the period. 96.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EXP shares. Stifel Nicolaus began coverage on Eagle Materials in a research note on Tuesday, March 4th. They issued a "hold" rating and a $242.00 price target on the stock. Stephens reiterated an "overweight" rating and set a $310.00 price target on shares of Eagle Materials in a report on Thursday, January 30th. DA Davidson reduced their target price on Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Loop Capital lowered 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. Finally, Truist Financial decreased their target price 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $274.40.

Eagle Materials Stock Performance

Shares of EXP traded up $5.39 during mid-day trading on Friday, reaching $239.95. The company's stock had a trading volume of 366,129 shares, compared to its average volume of 335,806. Eagle Materials Inc. has a 1-year low of $201.61 and a 1-year high of $321.93. The stock has a market cap of $7.99 billion, a P/E ratio of 17.14 and a beta of 1.36. The business has a 50-day simple moving average of $222.85 and a two-hundred day simple moving average of $249.77. The company has a current ratio of 2.76, a quick ratio of 1.01 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.