Eagle Materials Inc. (NYSE:EXP) Shares Sold by Deutsche Bank AG

Deutsche Bank AG reduced its position in Eagle Materials Inc. (NYSE:EXP - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,907 shares of the construction company's stock after selling 2,950 shares during the period. Deutsche Bank AG owned about 0.10% of Eagle Materials worth $8,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Sprott Inc. lifted its stake in shares of Eagle Materials by 3.0% in the 4th quarter. Sprott Inc. now owns 1,695 shares of the construction company's stock valued at $418,000 after purchasing an additional 50 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Eagle Materials by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,086 shares of the construction company's stock valued at $268,000 after purchasing an additional 54 shares during the period. Hsbc Holdings PLC raised its position in Eagle Materials by 6.0% during the fourth quarter. Hsbc Holdings PLC now owns 973 shares of the construction company's stock worth $240,000 after acquiring an additional 55 shares during the period. Smartleaf Asset Management LLC raised its position in Eagle Materials by 10.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 569 shares of the construction company's stock worth $140,000 after acquiring an additional 56 shares during the period. Finally, Blue Trust Inc. raised its position in Eagle Materials by 7.1% during the fourth quarter. Blue Trust Inc. now owns 920 shares of the construction company's stock worth $227,000 after acquiring an additional 61 shares during the period. 96.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Eagle Materials Stock Down 8.7%

NYSE EXP traded down $21.17 during trading hours on Tuesday, reaching $220.78. 1,030,801 shares of the company traded hands, compared to its average volume of 339,681. Eagle Materials Inc. has a 12 month low of $200.59 and a 12 month high of $321.93. The company has a current ratio of 2.76, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $7.35 billion, a PE ratio of 15.77 and a beta of 1.36. The company has a 50 day moving average of $223.51 and a two-hundred day moving average of $248.93.

Eagle Materials (NYSE:EXP - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The construction company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.26). Eagle Materials had a return on equity of 34.14% and a net margin of 20.91%. The business had revenue of $470.18 million for the quarter, compared to analyst estimates of $483.14 million. During the same quarter last year, the company earned $2.24 EPS. Eagle Materials's revenue was down 1.4% compared to the same quarter last year. As a group, equities analysts expect that Eagle Materials Inc. will post 14.39 earnings per share for the current year.

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.