Brown Advisory Inc. Sells 11,034 Shares of Eagle Materials Inc. (NYSE:EXP)

Brown Advisory Inc. lowered its position in shares of Eagle Materials Inc. (NYSE:EXP - Free Report) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 296,529 shares of the construction company's stock after selling 11,034 shares during the quarter. Brown Advisory Inc. owned 0.89% of Eagle Materials worth $73,171,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Eagle Materials by 78.1% in the third quarter. Barclays PLC now owns 37,948 shares of the construction company's stock valued at $10,915,000 after purchasing an additional 16,645 shares in the last quarter. Tidal Investments LLC lifted its stake in Eagle Materials by 12.7% in the 3rd quarter. Tidal Investments LLC now owns 3,123 shares of the construction company's stock worth $898,000 after acquiring an additional 353 shares in the last quarter. Franklin Resources Inc. boosted its position in Eagle Materials by 6.9% during the 3rd quarter. Franklin Resources Inc. now owns 162,863 shares of the construction company's stock worth $48,435,000 after acquiring an additional 10,459 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Eagle Materials by 60.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,735,133 shares of the construction company's stock valued at $499,111,000 after purchasing an additional 652,836 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Eagle Materials by 10.6% in the fourth quarter. GAMMA Investing LLC now owns 676 shares of the construction company's stock worth $167,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 96.07% of the company's stock.

Eagle Materials Stock Performance

Eagle Materials stock remained flat at $229.83 on Friday. 213,518 shares of the company's stock were exchanged, compared to its average volume of 334,389. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.01 and a current ratio of 2.76. Eagle Materials Inc. has a 52-week low of $201.61 and a 52-week high of $321.93. The company's fifty day moving average is $220.79 and its two-hundred day moving average is $251.49. The firm has a market cap of $7.65 billion, a PE ratio of 16.42 and a beta of 1.36.

Insider Transactions at Eagle Materials

In related news, Director Michael R. Nicolais purchased 310 shares of Eagle Materials stock in a transaction on Monday, February 10th. The stock was purchased at an average cost of $257.36 per share, with a total value of $79,781.60. Following the acquisition, the director now directly owns 3,655 shares in the company, valued at approximately $940,650.80. This trade represents a 9.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. DA Davidson decreased their target price on shares of Eagle Materials from $265.00 to $260.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. Truist Financial dropped their target price on Eagle Materials from $330.00 to $280.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus assumed coverage on Eagle Materials in a research note on Tuesday, March 4th. They issued a "hold" rating and a $242.00 price target for the company. Stephens reaffirmed an "overweight" rating and set a $310.00 price objective on shares of Eagle Materials in a research report on Thursday, January 30th. Finally, Loop Capital decreased their target price on shares of Eagle Materials from $280.00 to $245.00 and set a "hold" rating for the company in a research report on Tuesday, April 1st. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $274.40.

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.